100% on everything imported. No other rules, regulations or government.”
Just where exactly do you think the money raised from “tariffs” would go?
The correct answer is “to the government”, which will then use the money to further increase the size and scope of government. The government will continue to grow the nanny state, determining winners and losers as they see fit in their infinite wisdom.
Before you argue that the tariffs would be used to reduce the national debt or lower taxes to somehow benefit U.S. workers, history clearly demonstrates that never happens.
Imposing a 100% tax on imported goods won't improve profits for U.S. companies, it will only reduce them because already there are only foreign sources for many electronic components. Reduced profits equals less return for investors, less capital for expansion, less American jobs, while at the same time raising costs to consumers of our products. It's a knee-jerk reaction at best, and not a solution.
Actually import tariffs were the way America operated for a long time.
America’s government was funded by tariffs, and America led the world in innovation.
Tariffs benefit American jobs, and tariffs benefit American taxpayers - who can as a result of tariffs collected, keep all taxes previously paid domestically - which are now offset by tariffs collected from foreign competition.
That’s a fact.