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Politics : Politics for Pros- moderated
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To: sm1th who wrote (594200)2/23/2016 9:01:49 PM
From: LindyBill  Read Replies (2) of 793758
 
I used to be all for no tariffs. The economists are right. Total free enterprise will produce more wealth. The problem is that we can now see it favors the increased wealth going to the upper 50%. The hourly people are getting shafted.

So I see a tariff as a way to replace the loss of Gov income that would result from eliminating the taxes and regulations on business that would accompany it. This was Rand Paul's approach.

As I said, the stronger dollar that would result from this would still keep the goods coming in cheaper. You can't get something for nothing.
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The present bills for "free trade" are regulatory nightmares that empower the other countries. The practical result of Trump as Pres will be our best bet ot see if works. We are now seeing that some things in economics are still not fully understood.
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