[expat_panama]

He makes an interesting case that growth doesn’t come from specialization to take advantage of comparative advantage.

Many have already argued that, and my guess is if it were ever possible to independently verify his theory with actual gdp/tariff records then the idea would be more widely accepted.  Hasn't happened yet, and I'm thinking most people still expect what's actually happened in the past with tariffs and production would happen again.

Most of us don't like paying the taxes we got even without adding new ones.

[DannyTN]

What happened in the past, is that we prospered when we had tariffs. We've only been had 1% tariffs for the last 40-50 years and now we have lost a lot of industries and have the highest rate of unemployment since the Great Depression.

England prospered under protection too. And had their industries devastated when they adopted free trade policies

I'm all for lowering the domestic taxes to offset an import tariff. Make it tax neutral. You'll still get a huge bump in government revenues when Americans go back to work and GDP soars.

[DannyTN]

What happened in the past, is that we prospered when we had tariffs. We've only been had 1% tariffs for the last 40-50 years and now we have lost a lot of industries and have the highest rate of unemployment since the Great Depression.

England prospered under protection too. And had their industries devastated when they adopted free trade policies

I'm all for lowering the domestic taxes to offset an import tariff. Make it tax neutral. You'll still get a huge bump in government revenues when Americans go back to work and GDP soars.