tag:blogger.com,1999:blog-6399730406480392183.post7661875832353929167..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: What Killed America's Manufacturing Sector?A Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6399730406480392183.post-17068937857508423112014-05-06T22:46:54.359-03:002014-05-06T22:46:54.359-03:00The trade deficit is huge and has been for years: ...The trade deficit is huge and has been for years: http://ycharts.com/indicators/us_trade_deficit_monthly This has a direct negative impact on employment and thus tax collections. All three inter related problems could be fixed with a trade import certificate program http://en.wikipedia.org/wiki/Import_Certificates If we don't do this wealth and income will continue to polarize until we end up with a tax on wealth as described by Thomas Piketty. So I figure these are our choices: controls on trade, taxes on wealth to support the underclass, or growing risk of ugly social upheaval. I prefer controls on trade because I detest the thought of a permanent underclass in the US and it sickens me at a moral level that the price of cheap goods in the US is millions of overseas workers suffering conditions that would be illegal here in the US.Pilothttps://www.blogger.com/profile/07359661666917072197noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-90219954310322940832014-05-06T22:42:54.887-03:002014-05-06T22:42:54.887-03:00This comment has been removed by the author.Pilothttps://www.blogger.com/profile/07359661666917072197noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-33365849235442514152014-02-09T13:43:56.261-04:002014-02-09T13:43:56.261-04:00Not only have we seen a large drop in manufacturin...Not only have we seen a large drop in manufacturing jobs but the wages often associated with them and the power of unions has also dropped. This means the American consumer has less to spend and a cycle has developed that has led all down hill. While cheap imports have masked inflationary pressure we have lost much over the years. Below is a post suggesting we cull back future expectations'<br /><br />http://brucewilds.blogspot.com/2013/06/realistic-expectations-for-economy.html Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-24725928543906349922014-02-07T20:35:51.949-04:002014-02-07T20:35:51.949-04:00I think that it would be in contravention under th...I think that it would be in contravention under the WTO and China would likely appeal it, just as the U.S. is appealing China's use of subsidies.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-52451738980900241912014-02-07T13:18:12.489-04:002014-02-07T13:18:12.489-04:00How can we restore some of the tariffs? How can we restore some of the tariffs? Anonymousnoreply@blogger.com