4 ms·

You know what happens if we tax the hell out of cheap overseas goods? Everything gets more expensive. Cost of living skyrockets and wages would have to go up

You know what happens if we tax the hell out of cheap overseas goods? Everything gets more expensive. Cost of living skyrockets and wages would have to go up commensurately if people were going to survive/thrive. Businesses who raised wages would have to curtail hiring because more of their revenues were going to wages. Any they'd keep shipping jobs overseas because of the healthy margins selling in overseas markets. Start taxing that stuff too and see how many corporations decide that being a US company isn't so awesome anymore...

achompas 15y ago
Right, and you're not even discussing the subsequent tariff war. Other countries would tax the hell out of American goods, global demand for our goods will fall, we'd produce less, companies would make less money, and people would lose their jobs.
- ck2 15y ago
  We barely sell anything overseas as it is - what exactly are they going to "tax the hell out of" ? Have you seen the mountain of shipping containers in our ports from inbounds with no outbounds? They are stacked a dozen high over HUNDREDS of acres of land. No exaggeration. We are the only potential consumers of our own products - because every other job has been shipped overseas that can easily shipped. Most of what is left is services and assembling components made elsewhere (auto industry).
  - achompas 15y ago
    I'm tired of hearing this from people. The US exported more than every country except China and Germany last year.[0] We're the leading producer of airplane components and engines, and we still produce a high volume of heavy equipment that goes overseas. [0] http://www.nationmaster.com/graph/eco_exp-economy-exports http://www.nationmaster.com/graph/eco_exp-economy-exports
antidaily 15y ago
All of those negatives have already happened precisely because we don't have a smart trade policy.
- achompas 15y ago
  What's a smart trade policy, in your opinion?

achompas 15y ago

Right, and you're not even discussing the subsequent tariff war. Other countries would tax the hell out of American goods, global demand for our goods will fall, we'd produce less, companies would make less money, and people would lose their jobs.

ck2 15y ago
We barely sell anything overseas as it is - what exactly are they going to "tax the hell out of" ? Have you seen the mountain of shipping containers in our ports from inbounds with no outbounds? They are stacked a dozen high over HUNDREDS of acres of land. No exaggeration. We are the only potential consumers of our own products - because every other job has been shipped overseas that can easily shipped. Most of what is left is services and assembling components made elsewhere (auto industry).
- achompas 15y ago
  I'm tired of hearing this from people. The US exported more than every country except China and Germany last year.[0] We're the leading producer of airplane components and engines, and we still produce a high volume of heavy equipment that goes overseas. [0] http://www.nationmaster.com/graph/eco_exp-economy-exports http://www.nationmaster.com/graph/eco_exp-economy-exports

antidaily 15y ago

All of those negatives have already happened precisely because we don't have a smart trade policy.

achompas 15y ago
What's a smart trade policy, in your opinion?