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In what time frame? We know well that USA manufacturing has been more productive, with fewer American workers. We get the components from China, or other nations, to go into the products that we do make here. This allows US manufactures to cut jobs overall, as well as hold wages down since there is far less upward pressure on wages.
All of this is great for the corporations assembling the widgets together. Not necessarily good for ordinary everyday workers. I think we are better off making more of those components in the USA, allowing more American workers to enjoy the benefits of a fair days pay for a fair days work.
Stop high end executives $50+ million a years salaries and bonuses, and you could afford more employees. Not have a few multi-tasking doing several jobs. Well we really cant afford to hire any one else. NO CHIT!
So why did Obama place a 500% tariff on Chinese steel? Who was he trying to hurt?
Who said that was a good idea? I sure didn't.
Anyway, that was a one-industry specific tariff. Trump is escalating a trade war with China which is ending up adding tariffs to everything both countries import from one another.
Quote:
Smoot-Hawley was not the reason Americans bet everything on the stock market, then took out debt so they could bet more, right before the crash. It was not the reason why Americans were so over leveraged in debt in the first place. There were many good reasons why the great depression occurred. Smoot-Hawley certainly didn't create the dust bowl either.
Tariffs are a tool used by pretty much every other nation we trade with. Obviously they see a use for them. We have every right to do the same, and we should be. If we can't have an equal playing field, than it's time to play a different game, or at least change the rules.
Smoot-Hawley was a broad-based tariff which affected a very wide swath of imports. What Trump is doing, is heading in that same direction. Why anyone would want that, is beyond me.
Stop high end executives $50+ million a years salaries and bonuses, and you could afford more employees. Not have a few multi-tasking doing several jobs. Well we really cant afford to hire any one else. NO CHIT!
By all means, give it a try. You are paying their salaries and bonuses with your every purchase, so you really have no one to blame but yourself.
rebeldor is right: you are advocating a centrally planned economy.
Industries don't exist for the sake of employing persons. That was exactly what the communists thought, and tried.
Industries exist for the sake of providing goods and services to customers. You want them to employ as many people as possible just for the sake of employing as many people as possible.
What you will end up with if you try that is an economy that looks something like the Soviet Union.
Tariffs do not equate to centrally planned economics. There is really not much more I can say because what you are saying is false, right out of the gate.
When Trump starts nationalizing businesses and industries, then you can call Trump a Marxist or whatever you like.
Logical fail. Tariffs can exist in a capitalist market, just like any other tax. We have the right to defend our domestic industries, the way other countries do. Nobody anywhere is talking about nationalizing US businesses either.
You seem to equate any government action at all to communism, or somehow a violation of capitalism. And so far, it seems you have failed to convince anyone on this forum of the virtues of your run away imagination.
Your logic is failed, not mine.
Import taxes absolutely cannot exist in capitalism, as import taxes are directly imposed by the State on private enterprise. Any State influence on private enterprise means it is no longer private enterprise.
There is no “our†when it comes to the free market. Businesses in this country are owned by individuals, not the collective.
You are correct that any government action at all in the market is at best socialism and at worst, communism. The only reason people on this board fail to understand what I am teaching is that 90% of people in this country are brainwashed by leftist government schools and Keynesian economics. This board is 75% MAGA apologists who fail to see they're economic leftists.
Import taxes absolutely cannot exist in capitalism, as import taxes are directly imposed by the State on private enterprise. Any State influence on private enterprise means it is no longer private enterprise.
There is no “our” when it comes to the free market. Businesses in this country are owned by individuals, not the collective.
You are correct that any government action at all in the market is at best socialism and at worst, communism. The only reason people on this board fail to understand what I am teaching is that 90% of people in this country are brainwashed by leftist government schools and Keynesian economics. This board is 75% MAGA apologists who fail to see they're economic leftists.
Tariffs have existed in the USA since the 1800's. Was the USA not capitalist? Do we need to rewrite all our history books because you have a wild imagination?
Mind you, the USA is a mixed economic system, like most of the developed world. Pure capitalism and pure communism simply don't exist anywhere, and probably for good reason. They wouldn't be sustainable.
And I never said government action = socialism or communism. Stop lying and stop hijacking thread after thread so you can spread your unfounded narrative. This is worse than fake news.
Tariffs do not equate to centrally planned economics. There is really not much more I can say because what you are saying is false, right out of the gate.
When Trump starts nationalizing businesses and industries, then you can call Trump a Marxist or whatever you like.
They absolutely are central-planning. It is interfering with and confiscating the profits of entrepreneurs.
Stop hijacking thread after thread so you can spread your unfounded narrative. This is worse than fake news.
It's not my fault there are about 7 people total on this board with a functioning brain.
Myself
No_Recess
Frank DeForrest
Volobjectitarian
T01013E
Chris C
Loveshiscountry
Along with a few more I missed.
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