Awesomelyglorious wrote:
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What is the difference between the burden put on American businesses by taxes and regulations here at home and tariffs?
Not much, really.
Actually, it was increased tariffs that accelerated the great depression.
http://en.wikipedia.org/wiki/Smoot%E2%8 ... Tariff_ActQuote:
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I'd much prefer a low and flat across the board revenue tariff on all imports as opposed to the income tax and that is not an uncommon belief.
Ok, I don't really give a damn. About half of what you wrote sounds like it's simply piss-poor economics anyway.
The belief is actually uncommon, at least among educated people. Most of the world is going in for (and benefitting from) increased trade. Isolationist countries (like North Korea) are becoming poorer and poorer.
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What would life look like in the US and how would perceptions of our economy over the last 40 years be different without cheaper goods from countries that utilize slave labor?
Well, we'd have less cheap goods, but our low-skill labor market would probably also still be stagnant as most of the changes internationally in labor markets appear like they're really due to technological improvement, not cheap labor in other countries.
Moreover, you probably would not be able to afford the computer on which you are typing your ideas.
03 Aug 2013, 10:57 pm
