To: sixmil
"This is not an example of international trade, not even interstate trade, this is nano-economics."
This was used in the article to contrast Free Trade in Capitalism and Socialism.
"This more than anything smacks of socialism. "
Protectionism doesn't protect wealth nor create it; It rations it out. ..Thats the part that smacks of socialism; Protectionism isn't Free Trade.
"It would certainly be nice to see this actually happen some day. "- in reference to the standard of living.
The U.S enjoys the highest standard of living in the world.
"Since this is in bold, I assume it is a major point. If so, then why waste your time trying to eliminate a 4-5% tax when there is the 35% income tax, 100% gas tax, 9% sales tax? Aren't you overestimating the damage tariffs are doing to the economy? "
This article is about Free Trade. Not the U.S's tax policies.
To: freebacon
Mostly non-sequitors, so let's look at some facts.
Maybe your definition for standard of living includes deaths per live births, but strictly talking money, here are the World Bank numbers:
GNP per capita 1999, Atlas method and PPP
|
|
|
Purchasing |
Atlas |
|
|
power parity |
methodology |
|
|
(international) |
Ranking |
Economy |
(US dollars) |
Ranking |
Economy |
(US dollars) |
1 |
Luxembourg |
44,640 |
1 |
Luxembourg |
38,247 |
2 |
Liechtenstein |
.. a |
4 |
United States |
30,600 |
3 |
Switzerland |
38,350 |
6 |
Switzerland |
27,486 |
4 |
Bermuda |
35,590a |
7 |
Singapore |
27,024 |
5 |
Norway |
32,880 |
8 |
Norway |
26,522 |
6 |
Japan |
32,230 |
9 |
Iceland |
26,283 |
7 |
Denmark |
32,030 |
12 |
Denmark |
24,280 |
8 |
United States |
30,600 |
13 |
Belgium |
24,200 |
I don't know how you can say we have the highest standard of living in the world any more. Maybe for a collection of states, but that depends on how you define the United States of Europe.
17 posted on
03/09/2004 10:52:48 PM PST by
sixmil
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