Posted on 03/20/2016 2:57:17 PM PDT by central_va
The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. It was America that was at the forefront of the industrial revolution.
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Labor will be marginally more expensive in the USA. Transportation will be less. Some things more, some things less-like energy. I would say on average 8% more for made in the USA using the auto industry for a benchmark, the cost of UNION labor per vehicle made in the USA is 8% of retail price. IMO car manufacturing is a good indicator and model for manufacturing overall.
It would be better if those 19 million Americans had a $25 an hour job than one Chicom a .50 an hour job.
You can have tariffs and reduce taxes at the same time. They are not mutually exclusive. BTW was George Washington a liberal? He signed the Tariff act of 1789.
No, it's 99 weeks of unemployment pushed by Hillary, more than half or our people not paying taxes, more and more people on disability and welfare, EPA out of control, higher than average corporate tax rates, out of control government growth, union-friendly rather than business-friendly laws.
ping
You're the traitor that wants to break up the union through secession.
We raise the cost if doing business here since Clinton driving business offshore and you want a tariff to raise costs here even more. How stupid is that?
Then it's not 20%, it's more like 12%.
why, he’s going to get that crazy aunt out of the basement
he is going to get under the hood
He’s gonna fix it!
$12 an hour better? No.
You’re not off. And the problem can’t be solved by tax rates and regulatory relief, although both are needed.
China, like Japan, keeps the home market free of import competition. They use non-tariff barriers to achieve this. The idea is that their domestic industries can always rely on the home market as a reliable source of income. It’s only outside of the home market that they have to battle for market share. American firms have no guaranteed market and they aren’t going to penetrate the closed Asian markets.
Our competitors actively use an export driven model. They aren’t relying on the market to decide who is going to prosper.
12% on top of whatever profit margin they have now minus the slave labor which is probably 2-3% out of the standard 10% profit margin..
No, but fair trade is the answer, or one. And all the stuff you mentioned-—where you gonna get that. Bush managed to get a temporary, minor rate adjustment. The last significant tax cut was 30 years ago, and that was ratcheted up twice in the next 10 years.
As for environmental regulation changes, and massive welfare reduction? Really? In what universe? We had significant welfare reduction in the 1990s, but while it did move people off welfare, it did NOT move them into higher paying jobs. Most remained in the minimum wage range.
And fair trade is not a “liberal” step. It is Adam Smith’s step, and George Washington and Alexander Hamilton and Abraham Lincoln’s “step.”
Hard to believe that Baltimore was once America’s number one city, back in the colonial era.
Denis Prager has had a repeated segment of things you have to have at least a master’s degree to believe, such as “you can change gender by changing your mind”.
Yet the same ratios applied when Henry Ford paid a $5 a day wage and a Ford cost $450 a year. Say’s Law: Supply creates it’s own demand.
As Trump says China is not stupid, we are.
Revamped trade policy under threats of tariffs. You’d be surprised how quickly markets open when you have some leverage you’re willing to use.
The Founders clearly believed a tariff would aid in developing domestic industry, and they understood the consequences of not doing so- particularly in regards to arms and military goods. Not every war we fight is going to be a nuclear holocaust or a shootout with some Third World chumps. If we do not retain manufacturing capability, we render ourselves vulnerable to military and economic blackmail- a nation that cannot depend on its own resources will become the ‘conscript appendage of some stronger power’ to paraphrase Sir Edward Grey. Also, money is power, and transferring large sums to a nation that clearly is not our friend (I speak of the People’s Republic of China, but there are others)borders on imbecility, regardless of who it makes rich.
No, a 20% tariff will raise costs for some of our manufacturers by 20% because they deal internationally and the foreign businesses that sell to them will have to raise prices, giving them even more incentive to offshore to avoid that 20% going to the government.
Well, and to your point, this is the first time in 30 years we do not have a next generation fighter plan on the drawing board. How long until we can no longer even produce one?
Boeing sent a massive plant (and all its PATENTS!) to China. Yeah, there’s free trade working well.
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