Quote:
Originally Posted by Paul Markham
If US companies insist on buying Vietnamese Steel or Chinese steel sent via Vietnam, because it's cheaper. Putting American steel making companies out of business, workers on welfare and whole areas out in the cold. Then they have to expect an American Government to slap a tariff on the cheap steel to pay for the extra costs the American government have.
This tariff will end up with consumers paying more. For which the same rules apply. If you want cheaper goods made by cheap overseas labour, expect to pay more in buying those goods to cover the costs of your government.
One day it might be your job on the line.
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paul letīs make it simple, maybe you understand than WHY this tariffs will cost jobs.
in your world everything is made in a country for high labor costs that people make good money. what you do not see here is that the good money means nothing because prices are that high, that people can not buy a lot for it.
it also means that such a country can not export anything because prices are far higher than the prices of the competitors. so one american have to pay one american with what he spends and he have to get paid the same. ADDITIONALLY to what this one american will pay for the product and the labor costs he have to pay the salesperson, the delivery person, the costs of stocks, VAT and the profit of the boss plus the government.
now think a minute and imagine where this will end up and explain me WHERE this good earnings should come from.
it will end up in the 13th century where 1 landlord makes money with a few thousand of poor and hungry workers. it will en up in no schools, no social services, no medicare, no streets, no army and no luxury fro the ordinary people.
IF you want THAT, than your theories are correct. but I am pretty sure that you want and your logic and maths is completely lack.
surprisingly 1+1 is NOT 4.