You could remove every government regulation and every tax and we still can't compete with Communist china's slave labor rates.
Chinese workers don't get most of the money their products earn, the communist chinese government does. And that communist government instead of letting people buy American goods to improve their lives and equalize the trade, buys U.S. debt with the intent to enslave us.
China is one area where government should be putting up import tariffs. Not on all Chinese goods, but certainly the high dollar, high tech electrical and electronic stuff that accounts for 1/3 to 1/2 of Chinese imports.
U.S. import tariffs are at an all time low as a percent of Federal revenues. And unemployment is at an all time high.
“You could remove every government regulation and every tax and we still can’t compete with Communist china’s slave labor rates.”
Utter nonsense. “Slave” labor exists only in your head.
“Chinese workers don’t get most of the money their products earn, the communist chinese government does.”
Let’s see the figures on this.
“...buys U.S. debt with the intent to enslave us.”
Lol so China is smart enough to create a new method of enslavement? China buying our debt is no different than you buying it or Canada buying it. Our government decides to sell debt and, since it has historically been the safest in the world since Hamilton, the rest of the world recognizes its value.
Apparently you are unaware of just what China is buying and selling and who is doing it.
“U.S. import tariffs are at an all time low as a percent of Federal revenues. And unemployment is at an all time high.”
So? Ten years ago tariff rates were at the same level and unemployment at its lowest point in my lifetime. Tariffs do not increase overall employment in the long run but actually lower it. Employment in import-competitive industries may increase after a tariff rate is increased but then foreign nations retaliate with increased tariffs of their own so our exports decline as a consequence.
So what a tariff ultimately does is increase employment in one sector of the economy (import competitive) at the expense of another (exporters). You can review a little US history for an idea of the political nature of a tariff or just use your common sense. Tariffs was always a big political battle all through the 19th century even to the extent of being a factor in secession.
As to the “high tech” electronics, all you are suggesting is to increase prices to Americans since we don’t make this stuff anyway but Japan, Korea and Singapore does. In fact, the latter two are becoming big competitors with China in these and other industries. And, I would argue, that if production has shifted outside this country, it is not particularly “high tech” in any case.