Posted on 01/21/2016 5:52:39 AM PST by libbylu
The issue is equitable trade.
We allow China to tax, limit, and abuse intellectual property rights for American goods. From the Chinese side, their trade surplus with us in intentional, and in their mind good. Of course it is, they aren’t winning on the field of commerce.
How do we fix this?
We don’t threaten draconian or punitive tariffs, but we do say fair is fair. We have to be willing to treat their products, services, and companies the same way they treat us. The desired result is, of course, that they act more like us, mitigating or eliminating the need for us to act like them. However, if we don’t have a leader willing to actually act on such concepts, the threats are hollow, weak, and ineffective. We need to bargain from strength. Go to the matts.
Trade deficit will be near zero when trump starts a trade war. Look at the big picture
... are winning...
Dang autocorrect on my tab.
What about his "higher prices at Walmart" assertion?
Thank you for a thoughtful post.
Then, let’s just boycott China, voluntarily. Just buy American, and leave the rest of us alone.
The function of A tax is supposed to be to fund the government. One of the problems with the Internal Revenue Code is that it attempts to manipulate behavior, tax benefits to encourage some behavior, tax costs to discourage others. Protective tariffs do just that, encourage some behavior, and discourage others, and as with the IRC, will open the door to all sorts of corruption in implementation and enforcement, and will drive up the cost of living.
“Trade was always less than 4% of the economy until we went stupid in the 1990’s and ran up huge deficits.”
The US has been running large trade deficits since 1977. The rapid increases in the trade deficit began in 1999.
https://www.census.gov/foreign-trade/statistics/historical/gands.pdf
Of course that had nothing to do with the United Steelworkers getting high wages, six weeks paid vacation, Mercedes health benefits, and expensive pensions.
Politicians of either party are greased, then:
Trump buys a city block.
One thousand men are employed to demolish it.
Hundreds of truckers are employed to dispatch the remnants for recycling .
Fueling stations are booming.
Tire shops and mechanics get an up tick in business.
The Recycling Plant hires more and offers overtime to keep up with the onslaught.
The Roach Coaches at the site are restocking and returning.
Porta-potties are rented and dispatched
Area sub shops, hardware stores, hotdog stands, are booming.
At the end of the week the Pubs are jammed from six PM on as the crew quench their thirsts after a week of hard work.
The Pubs hire more staff, buy more beer and liquors, the Distributers hire more to keep up.
Police put in overtime.
The whore houses are flooded.
The impact is both far reaching and wide.
Now the actual construction begins.
Cement producers, Rebar manufacturing, Drywall Manufactures, Distributers of manufactured items from screws to paint are flooded and hire in more, offer overtime, Restaurants continue to hire in, food distributers are overwhelmed, almost every sector of business in the region enjoys growth in sales. Electrical wire purchased, delivered and installed counted not in feet but in miles.
I could go on for ten or more pages.
The fact is, when this man farts, he creates more jobs and economic growth than all of the other contenders combined.
This country is in trouble in many ways.
But financially, we are circling the drain.
It is utterly brainless and morally corrupt to even consider any other candidate.
How many FACTORIES have closed and/or moved? Whether populated by robots or not.
What we see with our own eyes is not true?
You’re so right. Imagine if we hadn’t dismantled our industrial base and applied the productivity gains of information technology to that base. What was once a colossus would have been total, absolute world domination. We’d have actually needed orderly immigration. But no, we had to do it all bassackwards.
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