Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
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I really don't understand all this support for the trump tariffs. This is just a tax on us. Conservatives are supposed to be against taxes. And so far the results aren't good. The steel industry is a good example of this, lots of layoffs after the trump tariffs.
Steel layoffs in US mount due to falling production and trade war
So we are already seeing the failings of this policy. Tariffs are always a bad idea. Every economist knows these, they are just a political game:
Reagan knew they were bad policy:
Here is one of the greatest small government economists:
One argument I keep hearing is people claiming tariffs work great for Europe and China. That is not at all true, Europe has never had a stronger economy than us, how is that working? China hasn't been successful because of tariffs, they have over a billion people and went from a communist economy to discovering capitalism. Of course they have been growing quickly. Certainly conservatives still know capitalism is better than communism? China will implode soon on it's own due to demographics and pollution. Soon they will have way too many elderly that aren't working, and they will have to cleam up the pollution mess.
It is still clear that free trade is the way. So why the confusion?
Steel layoffs in US mount due to falling production and trade war
So we are already seeing the failings of this policy. Tariffs are always a bad idea. Every economist knows these, they are just a political game:
Reagan knew they were bad policy:
Here is one of the greatest small government economists:
One argument I keep hearing is people claiming tariffs work great for Europe and China. That is not at all true, Europe has never had a stronger economy than us, how is that working? China hasn't been successful because of tariffs, they have over a billion people and went from a communist economy to discovering capitalism. Of course they have been growing quickly. Certainly conservatives still know capitalism is better than communism? China will implode soon on it's own due to demographics and pollution. Soon they will have way too many elderly that aren't working, and they will have to cleam up the pollution mess.
It is still clear that free trade is the way. So why the confusion?