Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Steelfish

Tariffs. That will do it. The revenue from tariffs will be staggering. Plus, people will be forced to buy domestically, increasing tax revenue. More buying equals more high-quality jobs, and a larger tax base.


45 posted on 04/03/2016 11:42:15 AM PDT by Agnes Heep (Trump 2016: Statism that WORKS for US!!!)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Agnes Heep
Tariffs. That will do it.

Maybe you left the /sarc tag off again. If you applied a 45% tariff on all of our imports (about $2.5T annually IIRC) that would theoretically raise $1.1T annually. This effectively be paid by the US consumers. Maybe over time US industry will make the huge capital investments needed to produce the same products and we would see manufacturing growth but US consumers will be paying a lot more for everything they buy. Of course, other countries will likely set up retaliatory tariffs on our ~$2T exports, making our domestic industry internationally much less competitive. So if nobody changed their buying patterns, US consumers would effectively pay a $1.1T tax per year to put $0.9T in the US treasury. That would put a 5% drag on the economy and retire some of the debt. Of course, people would change their buying patterns and the net result would be less pronounced while the tariff wars would be wildly disruptive and create huge uncertainties.

93 posted on 04/03/2016 12:20:57 PM PDT by SFConservative
[ Post Reply | Private Reply | To 45 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson