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Message
Protectionism is not the answer
Posted on 2/24/17 at 9:53 am
Posted on 2/24/17 at 9:53 am
Any true conservative should vehemently oppose any attempts to impose a border tax. We have literally thousands of "anti dumping" tariffs already.
I almost fell out of my chair when I read an opinion piece in the Washington Post this morning critical of Bannon's speech yesterday. Bannon and Trump are out for revenge While it was a typical attack piece on Trump--lots of it spot on BTW--there was nestled in the column an admission you will rarely ever see and that was this:
Here is this democrat rag admitting the policies of FDR deepened the depression and she is exactly right. Money restrictions and protectionist tariffs were at the heart of the Rosevelt Depression. (Hoover, a republican installed a lot of the tariffs but FDR failed to repeal them and added more of his own.)
Screw Trump and Ryan's efforts for a border tax.
I almost fell out of my chair when I read an opinion piece in the Washington Post this morning critical of Bannon's speech yesterday. Bannon and Trump are out for revenge While it was a typical attack piece on Trump--lots of it spot on BTW--there was nestled in the column an admission you will rarely ever see and that was this:
quote:
If he has been listening to U.S. business leaders, allies, informed members of Congress or the Federal Reserve chairman, he must have figured out how counterproductive his nationalist ideas are. (We’ve tried this before in the 1930s — with poor results.)
Here is this democrat rag admitting the policies of FDR deepened the depression and she is exactly right. Money restrictions and protectionist tariffs were at the heart of the Rosevelt Depression. (Hoover, a republican installed a lot of the tariffs but FDR failed to repeal them and added more of his own.)
Screw Trump and Ryan's efforts for a border tax.
This post was edited on 2/24/17 at 9:54 am
11
Posted on 2/24/17 at 10:01 am to I B Freeman
quote:Of course it's not the answer.
Protectionism is not the answer
But Trump is a master negotiator and threatening protectionism is a genius tactic to begin negotiations for new truly 'free' trade agreements.
Posted on 2/24/17 at 10:03 am to LSURussian
quote:
Trump is a master negotiator
is it the multiple bankruptcies that is the evidence for this or do you have something else?
Posted on 2/24/17 at 10:04 am to Zach Lee To Amp Hill
quote:
is it the multiple bankruptcies that is the evidence for this or do you have something else?
spoken like a true ignoramus
Posted on 2/24/17 at 10:05 am to Midget Death Squad
ok
Posted on 2/24/17 at 10:06 am to Zach Lee To Amp Hill
quote:
is it the multiple bankruptcies that is the evidence for this or do you have something else?
Not a Trump supporter and vehemently opposes his Protectionist ambitions, but this is a foolish criticism.
Posted on 2/24/17 at 10:06 am to I B Freeman
I'm also a proponent of free trade, but when your trading partners and your trading opponents play by different rules like dumping product, like devaluing their currency and by under cutting your businesses through their governments; then we have to fight back somehow to level the playing field.
Posted on 2/24/17 at 10:06 am to I B Freeman
quote:
Protectionism is not the answer
What's the question?
Posted on 2/24/17 at 10:08 am to doubleb
quote:
then we have to fight back somehow to level the playing field.
Do it via deregulation and market reforms, not protectionism.
Posted on 2/24/17 at 10:08 am to Antonio Moss
quote:
Not a Trump supporter and vehemently opposes his Protectionist ambitions, but this is a foolish criticism.
it's not really a criticism of him in particular, because lots of businessmen at that level make mistakes, etc.
but there's really no evidence to call Trump a fricking master negotiator.
Posted on 2/24/17 at 10:09 am to LSURussian
quote:
But Trump is a master negotiator and threatening protectionism is a genius tactic to begin negotiations for new truly 'free' trade agreements.
This is the same political support base that triumph in every delivered campaign promise. What makes you think he won't deliver on this as well? Maybe he's fricking serious just like he was with the boondoggle of a border wall.
I think this is just wishful thinking.
Posted on 2/24/17 at 10:11 am to Zach Lee To Amp Hill
quote:
because lots of businessmen at that level make mistakes, etc.
but there's really no evidence to call Trump a fricking master negotiator.
It's not mistakes. It's percentages. Trump's career has been constant expansion of his brand even into industries with high failure rates. On that, he's been incredibly successful with a limited number of failure over the course of several decades.
It's equivalent to arguing that Drew Brees isn't a good quarterback because he had four incompletions in thirty attempts.
Posted on 2/24/17 at 10:11 am to Zach Lee To Amp Hill
quote:
but there's really no evidence to call Trump a fricking master negotiator.
there are quite a few million pieces of evidence actually #ignoramusPosted on 2/24/17 at 10:13 am to LSURussian
quote:
Of course it's not the answer.
But Trump is a master negotiator and threatening protectionism is a genius tactic to begin negotiations for new truly 'free' trade agreements.
I don't hear him advocating truly "free" trade but I wish he would.
I agree that NAFTA is far from free trade and should be dismantle and reconstructed. That does not necessitate an overall border tax.
The idea that we need a border tax embedded in the tax code for all imports is insanity. Ryan wants to force companies that import to reduce their cost of goods sold by the amount they import causing them to have much larger taxable profits---that is really insane.
quote:
How would the border adjustment work? It would alter the current corporate tax structure by essentially imposing a tax or levy of 20 percent on all imports – including components and parts used in assembly – while exempting U.S. exporters from any taxes. Viewed another way, U.S. companies would no longer have to report revenue generated by their overseas sales as taxable income, but for the same token, they could no longer claim expenses incurred by importing goods and materials as deductible from their federal tax obligation.
“This would shift the current corporate income tax from an origin-based tax—one that applies to the production of goods and services in the United States—to a destination-based tax—one that applies to the consumption of goods and services in the United State,” according to a Tax Foundation analysis.
Trump supports the Ryan plan. It is ludicrous.
Thankfully the republicans in the senate seem to be very much opposed to it.
This post was edited on 2/24/17 at 10:26 am
Posted on 2/24/17 at 10:19 am to doubleb
quote:
I'm also a proponent of free trade, but when your trading partners and your trading opponents play by different rules like dumping product, like devaluing their currency and by under cutting your businesses through their governments; then we have to fight back somehow to level the playing field.
There exists today literally tens of thousands of US tariffs on imported goods imposed over the years as "anti dumping" tariffs.
A 25% tariff as Ryan proposes and Trump supports will bankrupt my business and create a monopoly for the products I make as there is only one US manufacture of the product I import to make make my products and to construct a plant to make that product could not be done with today's regulation.
Posted on 2/24/17 at 10:20 am to Antonio Moss
quote:
Do it via deregulation and market reforms, not protectionism.
Antonio is exactly right--couple this with lower the very unfair taxes on corporations and the job growth will come.
Posted on 2/24/17 at 10:23 am to Midget Death Squad
quote:Then it shouldn't be hard to name one, should it?
there are quite a few million pieces of evidence actually #ignoramus
Posted on 2/24/17 at 10:24 am to I B Freeman
quote:
Any true conservative should vehemently oppose any attempts to impose a border tax. We have literally thousands of "anti dumping" tariffs already.
Why should we not have VATs when many of our trading partners have them of varying names?
I'm for fair. No VATs for anyone would be great.
Posted on 2/24/17 at 10:26 am to Zach Lee To Amp Hill
quote:
is it the multiple bankruptcies that is the evidence for this or do you have something else?
His doesn't come close to the amount of failures of Andrew Carnegie's.
Posted on 2/24/17 at 10:29 am to I B Freeman
quote:
I don't hear him advocating truly "free" trade but I wish he would.
Free trade is not a good idea if you are going against foreign countries that are not capitalist. China, given enough time, can bankrupt (or at least force companies to relocate to China) every free market industry one at a time using their economies of scale. This applies mainly to manufacturing, which is where the real economic values come from.
If the United States should be doing something it is not free trade. Free trade just encourages profits at all costs. No nation wants to be the winner of profits at all costs, it is dehumanizing to say the least, on the verge of slavery at the worst. Free trade does benefit the globalist, ultra rich enormously though.
Free trade should be done within the states of the united states of America.
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