Tax China..forget class warfare

Discussion in 'Politics' started by Lumpy 1, Dec 6, 2011.

  1. Lumpy 1
    Offline

    Lumpy 1 Diamond Member Supporting Member

    Joined:
    Jun 19, 2009
    Messages:
    33,131
    Thanks Received:
    8,539
    Trophy Points:
    1,370
    Ratings:
    +14,847
    Okay sure, lets go with tariffs...

    With a 273 billion dollar trade imbalance, boot legged products and America's manufacturing jobs ending up over their.... What the Hell ?
     
  2. Dreamingwolf
    Offline

    Dreamingwolf Member

    Joined:
    Nov 26, 2011
    Messages:
    84
    Thanks Received:
    11
    Trophy Points:
    6
    Ratings:
    +11
    good luck on that, china probably gives more to our political campaigns than we do
     
  3. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,720
    Thanks Received:
    11,048
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,046
    You would be raising taxes.

    You would be raising prices during a weak economy. Bad idea.

    You would be in violation of international trade treaties signed by the US government into law.

    You would invite retaliation against US exports.

    You would be hurting US corporations.

    You would be favoring one group of Americans over another.

    Interest rates would rise as demand for US government bonds would fall.

    You would be denying liberty of Americans by forcing the government to redistribute wealth within the economy.

    You would invite a serious retaliation by China, entailing China dumping US government bonds onto the market, causing a spike in interest rates and a serious dislocation to the economy, and possibly a currency crisis.

    Tariffs by wealthy countries result in a deadweight loss to the economy as the costs outweigh the gains. Economists are near unanimous in this.
     
    • Thank You! Thank You! x 1
  4. Lumpy 1
    Offline

    Lumpy 1 Diamond Member Supporting Member

    Joined:
    Jun 19, 2009
    Messages:
    33,131
    Thanks Received:
    8,539
    Trophy Points:
    1,370
    Ratings:
    +14,847
    Gads Man.. that's quite a list.. I'm impressed...Let's see if it holds up..

    I'll admit..:redface:.. sometimes I post an OP just to learn because I'm to lazy to do the research. What little research I have done bounces back and forth from Yes & No's...
     
  5. likeabird03
    Offline

    likeabird03 Active Member

    Joined:
    Oct 10, 2011
    Messages:
    413
    Thanks Received:
    60
    Trophy Points:
    28
    Location:
    Sacramento
    Ratings:
    +60
    I'm not too worried about China boycotting our Products, because we buy far more of theirs than they do of ours anyway, so we would actually come out ahead. For once.
     
    • Thank You! Thank You! x 1

Share This Page