What do you think is best for the American economy and American worker higher or lower tariffs and why.
@Revoltingest
@Revoltingest
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tariffs: does America need higher or lower tariffs on imports.
- Thread starter Iti oj
- Start date
Tricky....I generally oppose tariffs.
But I can imagine extraordinary circumstances which justify them, eg, protecting a strategic industry such as military avionics.
Why and how are low tariffs good for the American worker?
Some problems with tariffs.....
- As we impose tariffs, other countries retaliate in kind.
- Companies can stagnate from reduced competition caused by tariff market distortion.
- The ability to impose tariffs which benefit particular industries or companies encourages corruption.
So?
can you demonstrate this?
flat tariff on all imports could solve that.
Again im concerned with workers not companies.
A flat tariff on all would only solve the corruption problem.
That would be a rather ham fisted approach to economics.
Hey, isn't it great that moderators now let us post "fist"!
this flummoxed me, i thought it was a jab at a typo i made but its not.
edit:this is a topic im trying to explore and learn been at in on fb so brought it home here
Fisting?
Well i'
still over my head but now i feel like watching porn hope your happy Good American made porn
I'll wager that if you google "fisting", there will be a plethora of informative videos.
But it would also....
- Raise prices of foreign made goods.
- Perhaps reduce foreign markets for Americastanian goods (due to new tariffs overseas).
Are we better of with the net effect of the advantages & the disadvantages?
This is hard to answer.
@Revoltingest I have read some where that one idea could be too remove corporate taxes and raise tariffs what do you think of that?
Well since wages are down and there are less "middle class jobs" i can't see how restoring those jobs and American market would be bad.
The money we spend on foreign products is in American $$, so it can only be spent here in the end. The countries we buy the products from then must use the money to buy things, services, property here. They invest that money here. The money does not simply become foreign.
There is a lot to the money cycle. Its good to have an economy with variety that includes manufacturing jobs, but tariffs are a sword with no handle. You get cut when you put up tariffs.
I think the main problem here is that when industries leave or die (such as the textiles industry) the gov. should encourage reeducation for all the workers who are suddenly redundant. It doesn't do that.
There is a lot to the money cycle. Its good to have an economy with variety that includes manufacturing jobs, but tariffs are a sword with no handle. You get cut when you put up tariffs.
I think the main problem here is that when industries leave or die (such as the textiles industry) the gov. should encourage reeducation for all the workers who are suddenly redundant. It doesn't do that.
I see them as separate issues, rather than a trade-off.
Tariffs would increase the cost of living because this includes goods from foreign manufacturers.
But it would increase American manufacturer ing and wage growth increasing purchasing power and product quality
Which would increase more than the other?
Also, as prices increase, there is a secondary increase in cost due to sales tax.
As wages increase, take home pay is reduced by the income tax, the rate of which also increases.
Government would love this, but would workers see equivalent benefit from increased taxation?