Yeah, if only we lived in the 1800's and the government was funded only thru tariffs.
Tax cuts aren't the solution for everything, but neither is the government. If we ever cut government to where it should be (much less than 20% of GDP) then maybe we could fund it with tariffs alone. I'd be willing to cut income taxes to zero and try that.
Yes, we're making the Chinese wealthy,
The result has been a quadrupling of GDP since 1978. In 2001, with its 1.27 billion people but a GDP of just $4,300 per capita, China stood as the second largest economy in the world after the US. At this rate of growth, by 2024 they'll be up to $17,200 per capita.
The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $36,300.
They still have a long way to go.
http://www.cia.gov/cia/publications/factbook/geos/ch.html
Are you suggesting that the system did not work then, or that it won't work now?Tax cuts aren't the solution for everything, but neither is the government.
So tariffs are big government, but trade deals are not?The result has been a quadrupling of GDP since 1978. In 2001, with its 1.27 billion people but a GDP of just $4,300 per capita, China stood as the second largest economy in the world after the US. At this rate of growth, by 2024 they'll be up to $17,200 per capita.
Sounds like you are suggesting that China is not a threat until they are equal to us in per capita GNP. Did you make the same argument with respect to the Soviets during the cold war?