[Worldtraveler once upon a time]

--- "Tariffs and quotas are a lousy way to protect US chip companies from competition. If China can sell the chips at a lower cost, fine. Let them come in and give consumers a break with lower prices on the products that use those chips. HOWEVER, at the same time, let US chip makers completely expense any R&D expenditures made in the current tax year, even before those new technologies come online. This is a win-win for consumers and chip companies. The only loser is the gov’t because it can't steal your money through tariff collections and the R&D expensing on tax receipts from the chip manufacturer."

Sensible. The notion of competition is a matter for all who compete. As we watch, only some in the US want their 'fat of the land' and are willing to see it provided by others, Americans and other nations.

But this particular and massively indebted government wants collections in every form and manner it has and can construct, being insatiable for cash flow from those who have cash. Robbing Peter to pay Paul fails, when Peter is tapped out.

[econjack]

I honestly find many policies that the gov’t does are counter-productive. Part of the problem is that long run solutions are needed but the politician sees the long run as their term of office. Politicians no longer work for us; they work for themselves. Any of you know a “poor” politican? How do they come to DC as average-income people but leave a few years later as multi-millionaires?