Posted on 05/22/2016 10:35:05 AM PDT by Kaslin
So China can dump until or factories close. Then rack up higher prices. Townhall - Brilliant /s. Why did we have antitrust laws in the USA.
No need for tariffs when countries can employ unfair trade practices. Soon we will all be eating cricket burgers
Since I speak plain and simple English; I’ll presume you are able to comprehend it.
My reference to Tariffs, beginning in the Civil War era, ranged from Morrill in 1861 to Smoot-Hawley in 1930 and encompassed some dozen major Tariffs; and I certainly did not charge Smoot-Hawley w/sole blame.
Obviously, the prime catalyst for the Depression was the catastrophic economic impact of the Great War on Europe. Nevertheless tariffs exercised a powerful cumulative role, a fact both Fischer and Keynes pointed out. Doubtful you ever heard of either of them.
Your reference to Goebbels is an ignorant slander typical of the pretentious buffoons who inform themselves from junk sites infested w/assorted like minded hysterics, who insist they own the truth. Why of course they do!
South Carolina didn’t think so and late neither did most of the south.
Imports are mostly handled through brokers who prevent that from happening by making sure the seller and uncle sugar are both paid by the buyer.
If the importer has paid for the goods but then for some reason refuses to pay the tariff then yes you are correct the goods will be impounded and sold. But if the goods are not paid for then there is no way to collect the tariff. The goods are still owned by the seller.
But no one would seek to avoid a tariff by bringing goods before customs would they? No they avoid tariffs by avoiding customs and that can them sent to jail. One thing is for certain if you refuse to pay your taxes men with guns will eventually take you to prison.
The name they use are old-time American companies.
I think the U.S. steel producers should argue this on an environmental platform. It should be a requirement that imported steel be manufactured in a facility with equal or better pollution standards as their U.S. competitors.
Wealth is only created by the transformation of raw materials into usable goods.
Not anymore I guess.
We are going to make an app worth $1.99 instead. Big economy booster.
If tariffs do not cause a decrease in imports, that is restrict them from coming in, then what is they are supposed to do? Simply raise revenue?
Honest question, are you familiar with the term "dumping"?
Buy a Daisy Red Ryder bb gun. No where on the packaging is it marked made in China. But it is. The marking is stamped on the gun itself, very tiny writing.
“The print is tiny or non existent.”
Correct, and if it is American made, it will be emblazoned very prominently, along with the stars and stripes. But, you don’t see that very often.
In our dealing with Japan in the 70’s and still today we don't have “free trade” we have government subsidized trade.
In our dealings with China we don't have “free trade” In this country we tax a business 35% and then we allow consumers to buy products that are subsidized by that amount and more by a foreign government.
There is no country in the world that can compete with the US factory worker for output per hour, we lead the world but the rest of the world is not taxed at 35% so there is no way we can compete we have to add 35% to our prices right off the top.
Anti-Dumping laws are already on the books but the last 3 administrations have chosen not to enforce them, it's a shame.
If we were smart in this country we would remove all taxes from business, business does not pay the tax they raise their prices and the consumer pays the tax in the form of higher prices.
If we get rid of the business tax and enforce anti-dumping laws (government subsidized manufacturing) we would lead the world in manufacturing, again.
“Sounds like tariffs are restrictions. If tariffs do not cause a decrease in imports, that is restrict them from coming in, then what is they are supposed to do? Simply raise revenue?”
Yes, but in a way that encourages US employment.
“But no one would seek to avoid a tariff by bringing goods before customs would they? No they avoid tariffs by avoiding customs and that can them sent to jail. One thing is for certain if you refuse to pay your taxes men with guns will eventually take you to prison.”
The beauty of tariffs were that it was comparatively easy to note ships and tax their cargo. This is much harder with sales, use, or income taxes, but easy again with property and inheritance.
Tariffs are the easy way to tax, and that was how our founding fathers saw it, too.
Businesses and individuals had no income taxes to pay for 120 years, so they could sell like crazy with no penalty, but they paid a penalty when buying foreign-made goods.
You don't think moving back to no income taxes is a good idea, EconJack?
spoken like a true Etrog
—”Chinese steel benefits from cheap labor which makes an unfair price differential. A tax can balance the price differential and then forces the Chinese manufactures to compete on the merits of their metal versus our metal. “
You don’t realize it, but you sound like a LIBERAL: “It’s unfair!” Waaaaa!
No it’s not.
You would prefer to conveniently ignore the fact that labor is much cheaper in China than here. If so, then we import cheap goods and creatively figure out what we can sell to them at a higher labor rate. Cheap goods for us are a boon to the economy.
HOWEVER, it means the labor force has to adapt as we continually have over the centuries. In economics, it’s called “creative destruction.”
You would probably be complaining about the invention of Cotton Gin that put thousands of workers out of work: “It’s not fair!”
Anyhow, trade is one place where Trump needs to be schooled by the famous free-market economists like Von Mieses and Milton Friedman.
I have faith he’ll hire some smart economists to guide him away from foolish trade protectionism. It’s one thing to negotiate competitive deals, but it’s another to start taxing and trade wars.
“I have faith hell hire some smart economists to guide him away from foolish trade protectionism”
I hope you are correct but look how many folks even here want protection from competition. They know instinctively that competition would improve schools but can’t make the leap to manufacturing.
If somebody wants to sell steel at half price we should buy as much as we can use before the poor dumb suckers realize they have made us rich.
Creative destruction = road to socialism.
I hope the economic douche bags that have been running this country into the ground get completely ignored by Trump. God help us if he starts listen to people like you.
Globalist Free Traitors only have themselves to blame for the rise of socialism in the USA.
Cuckservative ping.
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