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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (594206)	2/24/2016 7:45:39 AM
From: skinowski	3 Recommendations Recommended By bejay garrettjax sm1th Respond to of 793759

Tariffs are simply a tax which gets passed on to - and is paid for - by our consumers (population) through higher prices on imports. By choosing which industries to protect, politicians get yet another chance to be "relevant" - and to pick winners. Often, for a price. Protected industries will end up becoming uncompetitive, only able to survive for as long as the government keeps ripping off the consumers on imports. Our corporations, through outsourcing their manufacturing, have trained foreign workers - who are now able to compete with us. So, we, in turn, must become competitive against them - through skills, productivity, automatization, deregulation, etc. Protectionism will not work - the train already left the station, and we would be simply left behind. It's bigger than any government. I'm not exactly certain where Trump stands on this matter, but to the extent that he intends to rely on protectionist tariffs, he is making a mistake.

To: LindyBill who wrote (594206)	2/24/2016 5:44:24 PM
From: grusum	Read Replies (2) \| Respond to of 793759

The problem is that we can now see it favors the increased wealth going to the upper 50%. [total free enterprise] prosperity is increased for everyone even though the most efficient producers prosper the most. the disparity is natural and just. by increased production, they increase the standard of living for everyone. there can be no harm if everyone gains, no matter how disparate those gains are. it is protectionism that brings harm. 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. government revenue is naturally limited by the prosperity of its citizens. in other words, it can't take what the citizens don't have. at any given time, there are only so many dollars. only so much can be taken. only so much can be borrowed.