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America’s Has-Been Economy
Chronicles ^ | Friday, March 18, 2005 | Paul Craig Roberts

Posted on 03/20/2005 8:11:01 AM PST by A. Pole

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To: A. Pole
That is why USA needs to change tax system into VAT.

Second is to introduce national single payer system to relieve employers from the crippling burden and help workers to be more mobile and secure.

The third is to provide free full (tuition/room/board, no means test)scholarships for better 50% of students based on competition exams. This will enable American graduates to compete on the job market without burden of debt to pay.

And you say you are a conservative? How do you differ from Teddy Kennedy? Are you sure you dont belong on DU?

121 posted on 03/20/2005 12:57:47 PM PST by Dave S
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To: A. Pole

bookmark


122 posted on 03/20/2005 12:59:17 PM PST by moehoward
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To: Dave S
You are schizzoid Nutzo's left over from Pat Buchannans pitchfork brigades worrying about black helicopters and blue UN helmets.

He he. Losing the argument?

123 posted on 03/20/2005 1:01:01 PM PST by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: Dave S
And you say you are a conservative? How do you differ from Teddy Kennedy? Are you sure you dont belong on DU?

I just follow the logical conclusions from the present situation. USA industry cannot compete against countries with VAT, national health care and full student scholarships. The only alternative is restoring the traditional tariffs or imitating the competition.

And I am conservative on the moral/religious/social issues. On the matters of economy I am a pragmatic - whatever solution works best be it free market or liberal. (I personally tend to think that the mixed calibrated system is best).

124 posted on 03/20/2005 1:06:02 PM PST by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: Dave S

Does Daddy know you're messing with his computer?


125 posted on 03/20/2005 1:06:30 PM PST by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: Dave S
How about it being the unionists and the environmentalists that have made it economically non viable to manufacturer most goods here in the US.

It's not them, it's free-market capitalism. /sarc

126 posted on 03/20/2005 1:07:01 PM PST by 1rudeboy
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To: WilliamofCarmichael; A. Pole

Yes, that puts it well. You've generalized from the specific case shown for autos. Mr. A. Pole makes the case that it's because Reagan threatened auto tariffs, in post 103, but a lot of auto plants have been built here, since Reagan. That answer doesn't wash for me. Also, it's worth noting that South Carolina exports BMWs to Germany and the world, and I think there are other manufacturers that do that sort of thing.


127 posted on 03/20/2005 1:18:42 PM PST by FreedomPoster (Official Ruling Class Oligarch Oppressor)
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To: A. Pole

We'll end up like england. A glut of lawyers and insurance companies and a few land barons, and not much else.

I don't care what the rich snobby people say, we need manufacturing. All wealth is derived from the land. THat is a universal truth. THat means farming and the process of aquiring raw materials and transforming raw materials into finished product.

When you reach a point when your entire economy is based on accumulating wealth from paper and entertainment, you are headed down a dead end road. THat is a non-sustainable situation. It can be propped up for a period, but inevitably, it will implode.

We have already reached a point where our college educations are becoming pointless. More younger people are opting out of a traditional 4 year degree these days. They go to some accelerated program, and get just the minimum required to qualify for the promotion they are up for. And in the very technical fields, they don't even bother with that.


128 posted on 03/20/2005 1:20:37 PM PST by mamelukesabre
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To: A. Pole
Should we abolish American health care system in order to compete with China or India?


As far as employer-provided, yes. Pay for your own damned health costs.

Next question.


129 posted on 03/20/2005 1:23:53 PM PST by rdb3 (I will be as harsh as truth, and as uncompromising as justice.)
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To: phil_will1
RE: "US goods sold in many other countries have 2 countries' tax burdens included"

Thank you for your answer but I am only concerned about U.S. goods produced offshore and imported for sale here. I am not sure that you addressed that. If you did then it went over my head and I will revisit your reply. Thanks.

Let me just jump to the reason for my question.

Most "free traders" attempt to deflect arguments against sending production offshore and importing the finished product to sell to the American public by pointing to "insourcing."

"Look how many jobs Americans get from insourcing," they argue. "Other countries outsource to us. Outsourcing offshore is good," they triumphantly declare.

Yes indeed it is -- if the American companies were selling over there and not importing the goods for sale here.

Besides, if foreigners can do it here (insourcing) why can't those American companies do it.

True free trade has American companies producing and selling over there.

But "free trade" IMO is transferring technology, wealth, and production to developing countries in exchange for "cheap" labor. The goods are then exported to America for sale.

Intellectual property gets stolen and soon production shifts to foreign (as in Chi-com) enterprises that elbow American companies out of the way. They then become the exporters. IMO. Not good.

130 posted on 03/20/2005 1:30:26 PM PST by WilliamofCarmichael (MSM Fraudcasters are skid marks on journalism's clean shorts.)
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To: A. Pole

"That is why USA needs to change tax system into VAT."

There are no VAT proposals in congress that I am aware of (feel free to correct me if I am wrong) that replace our income tax and payroll tax system. They all want to add a VAT in addition to our current tax modes.

Furthermore, VATs have high compliance costs, also. Perhaps not as high as our current system, but certainly higher than the FairTax, which would be a National Retail Sales Tax collected at a single point with a uniform rate.


131 posted on 03/20/2005 1:57:27 PM PST by phil_will1
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To: LenS; All

We can't stop progress just to make sure people have jobs.


132 posted on 03/20/2005 2:16:22 PM PST by KevinDavis (Let the meek inherit the Earth, the rest of us will explore the stars!)
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To: rdb3
As far as employer-provided, yes. Pay for your own damned health costs.

If the wages do not grow, many workers will not be able to afford the health care - they will either get deep into the debt or go without it. So in the longer run they and others will support the national health care.

Today's America is very different from XIX. Health care is seen as a necessary part of the normal style of life. And people given choice between laissez-faire capitalism without safety net and socialism will chose the later unless the choice is taken away from them by Latin American style authoritarian regime.

Predatory oligarchical capitalism requires opression and use of force because of lack of popular consent. The New Deal policies defended the stability of American system and they were very successful in that aspect. The new freemarketeers move in the opposite direction.

133 posted on 03/20/2005 2:42:39 PM PST by A. Pole (Proverbs 26:11: "As a dog returneth to his vomit, so a fool returneth to his folly.")
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Comment #134 Removed by Moderator

To: phil_will1
There are no VAT proposals in congress that I am aware of (feel free to correct me if I am wrong) that replace our income tax and payroll tax system. They all want to add a VAT in addition to our current tax modes.

Unfortunately you are right.

Furthermore, VATs have high compliance costs, also. Perhaps not as high as our current system, but certainly higher than the FairTax, which would be a National Retail Sales Tax collected at a single point with a uniform rate.

How is this going to fix the problem with trade/budget deficits, with rising costs of health care and with the workers losing ground?

135 posted on 03/20/2005 2:55:33 PM PST by A. Pole (Proverbs 26:11: "As a dog returneth to his vomit, so a fool returneth to his folly.")
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To: Dave S

No, he prefers your mom.


136 posted on 03/20/2005 2:55:34 PM PST by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: billybudd
Yet this guy wants us to protect and invest in unprofitable and commodified industries

Commoditized industry comptetes only on price.

137 posted on 03/20/2005 2:56:14 PM PST by alrea (Now toilet paper? Taxes are already wiping out US businesses.)
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To: KevinDavis
We can't stop progress just to make sure people have jobs.

To hell with such "progress" which is changing USA into Latin America or XIX England. Nothing good will come out of it.

138 posted on 03/20/2005 2:57:41 PM PST by A. Pole (Proverbs 26:11: "As a dog returneth to his vomit, so a fool returneth to his folly.")
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To: SamAdams76
thinking these "factories are going away" alarmists listen to too many Bruce Springsteen albums.

They were complaining 20 years ago about how hard the factories and mines were on the people.

139 posted on 03/20/2005 2:59:13 PM PST by alrea (Now toilet paper? Taxes are already wiping out US businesses.)
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To: SamAdams76
thinking these "factories are going away" alarmists listen to too many Bruce Springsteen albums.

They were complaining 20 years ago about how hard the factories and mines were on the people.

140 posted on 03/20/2005 2:59:15 PM PST by alrea (Now toilet paper? Taxes are already wiping out US businesses.)
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