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To: central_va

If we are going to have tariffs we need to do it quickly, because once the industrial base is gone it can be gone for decades.

As you could tell from my earlier posts, I think focusing on China misses the bigger picture, which is that world corporations will follow wage arbitrage and tax/regulatory arbitrage to the lowest possible level, wherever that is (and that includes robots and offshore non-nation islands of the future).

Tariffs would need to part of an overall tax/regulation policy that motivated those corporations to stay here or move here. By themselves they will be just be putting a band aid on a mortal wound.


95 posted on 06/16/2021 4:58:48 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: cgbg

Yes across the bout tariffs!!! Then lower income taxes accordingly. The watch the economy grow and grow!!


97 posted on 06/16/2021 5:00:37 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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