Posted by JD Seller on June 23, 2018 at 10:47:35 from (173.215.45.26):
In Reply to: TRADE WARS posted by Al Baker(pumpman) on June 23, 2018 at 10:15:27:
In the past any tariffs collected went into the general fund.
With all the screaming on tariffs people are just showing how little they know about history. Until the income tax was leveed ,tariffs where one of the main sources of income for the US government. That worked for the first 150 years of our country. We have had 100 years of income taxes. I say dump the income taxes and go back to tariffs.
World trade benefits everyone but the average worked in this country. Multinational companies could care less about the average person in this country. If they can get child labors in Asia to make their products for pennies they are all for it.
The US steel Unions drove the wages beyond being reasonable in the US but the rules on manufacturing in this country are the biggest reason many companies move production out of this country. Many of these rules are good ones, example would be rules on dumping hazardous materials. The trouble is many of them are just political pay off to certain groups. Companies get tired of it and leave.
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