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The ONLY entity that genuinely benefits from "protectionist" policies is the government. It has a measurable benefit in the money it has in ITs coffers. Also certain is the fact that the costs of "protectionist" policies can be measured by the extra cost occurred by all who are consumers of the goods the tariffs were imposed upon.
This concept is undeniable among economists.
The sales pitch for "protectionist" policies used by politicians is merely an attempt to spur emotions for the policy. If politicians EVER told the truth about who benefits and what the cost is, no one in their right mind would approve a tariff or any other government intervention of the market.
But then again, that's just MY opinion, for what it's worth.
Trump responded to this by complaining that the economic climate made it cheaper to manufacture in China, which is the heart of the problem.
People don't build factories here out of the goodness of their hearts. You have to actually create an economic climate that's actually beneficial to the business. Currrently we don't have that.
Trump issue with our economic climate is that American wages are much higher than he'd like to pay workers.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by justNancy
Can you explain how that's possible while paying decent wages and benefits?
They can't. They think it's magic, only thinking about their paychecks and not what they can actually buy with them.
Again the reason wages were so high inflation adjusted back in the "Golden Age" was due to an artificially low supply of workers, with women and minorities not being allowed to compete in the labor pool. If it had been as today, where almost anyone is qualified to hold any job (if they have the credentials/experience etc) wages would have been lower, you can bank on it
You all admire Trump as a businessman. He had a product line of ties, shirts, etc. and his daughter has a product line of clothing, accessories, etc. They made the choice to go oversees to produce those goods. They chose not to build a plant in middle America and employ American workers because it wasn't cost efficient or beneficial for them to do so. Why is it all of a sudden? The only way it will become that is if they can raise their prices to consumer. I know they both produced higher end stuff...but that's even more telling. They are appealing to a higher end market & they still didn't think it was cost effective to build a plant and employ American workers.
Excellent point. Also, his hotels are very upscale and his resorts attract the very wealthy. I don't know why anyone believes he can relate to the common man.
Here are a few questions for the pro-tariff folks out there.
By what right do you demand government impose a tariff on imported goods? Does each person NOT have a natural right to shop around, trying to gain the BEST financial advantage in their view, attempting to buy the most and the best they can for the least amount?
You, those who demand tariffs, do you NOT shop for the best (lowest) prices on things, be they goods, food, cars, homes, insurance or whatever? Why then do you decry a right to impose higher prices on your fellow neighbors simply because they chose the lowest priced item and that item was produced or manufactured overseas? Do these people NOT have the right to choose a lower priced item if one is available? Why do we allow multiple grocery stores, if not to encourage competition, in towns and cities? After all, using the logic of the pro "Buy American" only crowd, we should all be willing to pay the HIGHEST price simply because a good was made, manufactured, grown etc. in the US.
There simply is ZERO logic to support tariffs on imports. The concept is clearly nothing more than emotional and jingoistic babble that is rooted in ideals which are antithetical to economics and individual natural rights. So by what right do you demand tariffs be imposed upon imports or that subsidies be granted to certain companies in order to encourage people to choose their product over the product of another? Do you also have a right, and where does that right come from, to demand a person pay more for their home simply because the materials used to build the home were imported?
I'm serious... By what right do you claim to have a say in the cost of the purchases of someone else simply because you "don't like" where the goods they are purchasing were made?
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