Originally Posted by stdreb27
Yeah that is what I'm saying, importing will hurt a small ammount of people like people who made tvs, but will help us as a whole economy. (and are there really kmarts left) as cold as that sounds we shouldn't artifically support failing industries. It costs alot of money to do that. (more taxes) and raises the prices of those products for the rest of us.
These people who do get displaced need to find other jobs they are out there.
lets not forget in the last 15 years we have had the highest trade deficits in history, but have had the lowest unemployment rates too.
yes true, higher taxes are retarted I want my money to stay mine, and not have some idiot or really smart guy in washington decide how to best use my money.
but low taxes for rich people isn't nessasary a bad thing maybe the limo driver won't have to look for a new job. Like you said the more you are taxed the less you want to earn.
Im not so sure, importing has had a mixed effect, although it has reduced the costs of some products it has also abolished our MFG industry and put a serious dent in our economy due to a large loss of MFG jobs. Dont know if youve ever turned wrenches but the Harbor Frieght junk store (I love this place, really) imports nearly all of its merchandise from China. The tools are junk but at 2 bucks a socket... who cares. Japan started out this way too, now look at them and what we have lost.
Exporting has a more profound effect in stimulating our economy because it encourages national productivity which promotes higher wages. Our auto industry is in jeopardy of duplicating the TV example. I cant say I feel sorry for Detroit though. They did it to themselves by not competing on the same playing field, build a better car, incentives matter but people are rational. I would much rather pay the same price for an American Vehicle if it was built as well as a Mercedes Benz. This shift has however greatly stimulated the Japanese economy.
Wish it were as easy as saying displaced workers need to find new jobs, fact is outsourcing and illeagal immigration is keeping many displaced workers from finding jobs that will pay enough to live. Its a vicious circle. The root cause must be addressed and now back to the politics of it. Secure the borders, reduce taxes and slow down the population growth.