By the way, the Founding Fathers instituted tariffs. The ones they instituted averaged about 15 percent.
You do understand that tariffs are just taxes by another name, right? And that they destroy trade, right?
Some trade you want, some trade you don't want. Tariffs should be used to protect American industries. Otherwise all our labor will go to countries like Vietnam where people get paid 140 dollars for the entire month.
If so, you also must also admit that Trump understands absolutely nothing about basic economics.
You should give up your membership card to the Free Trade cult. It makes you look stupid when we compare your "basic economics" to reality.
Government should be allowed to pick winners and losers rather than hundreds of millions of free people freely making billions of transactions in their own best interest? Did you go to the Collectivist School of Economics? When did you become such a staunch believer in the benevolence of big government? I'll bet you'd love to vote for someone who will make the trains run on time.
Underlying most arguments against the free market is a lack of belief in freedom itself.
- Milton Friedman
Right. I should always remember that I’m dealing with total economic illiterates like you here.
You said, somewhere in your fog of BS that “Tariffs should be used to protect American industries.”
Yeah, that’s a great idea if you’re a socialist like our friend Bernie. Or a protectionist. Sorry, I repeat myself.
You seem to think a few people should be employed at the expense of everyone else. No matter to you, everyone else only pays a few nickels and dimes here and there to preserve some jobs that shouldn’t exist.
No problem, right? Everyone else will never notice those extra nickels and dimes, right?
Never mind that when you add it all up, we’re all less better off in total.
But, that sounds just great to you, right?
Since you’ll never admit that your proposed tariff policy makes us less well-off as a whole, there’s nothing more to be said.
Other than to suggest that you might want to read some Ricardo on comparative advantage. We do some things better than others. You may not, but the society as a whole does.