Well, worked everytime someone did this in the past ... not!
this post was submitted on 16 Jun 2024
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Like the tariffs of old.
The US tax rate is very similar to other nations, the only difference is what we spend our tax money on. Most rational nations spend their tax money on their citizens. The US spends it on other poor countries citizens, but not in the way you are thinking. We spend hundreds of billions of dollars to bury Palestinians under rubble. Hundreds of billions to cover Yemen people alive while they sleep. Meanwhile, school teachers in America have classes over 30 students and have to buy their own school supplies.
This is such a gloriously uninformed opinion. The benefits to the US from being a global superpower are staggering, investing a million dollars in shutting down the Houthi attacks on merchant ships or whatever returns hundreds of millions of investment back to the US by way of trade (also, they are "spending" that money on the wages of nationals, it's not leaving the country). The Israeli Hamas is a proxy war with Iran, it's unethical and utterly immoral, but to argue that it's costing the US money is flawed.
There are real areas us spending is bad, the fact that the US spends over 17% of gdp on healthcare when other countries like Australia spend less than 11% does mean that Americans are spending too much money on healthcare (and literally getting shit for it), but it still doesn't mean that they are destroying 6% of GDP.
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I'd love to see some way for this to encourage domestic production.
However, that wouldn't work. Most of the bullshit we buy would still come from China or some third world country. And it's not like the businesses importing the product would pay the tariffs themselves; they'd immediately tack the cost onto the retail price. They pass the pain into consumers and we get fucked instead of the multinational corporations.
I am sick of free trade being stifled.. Whoever makes the best product should get the money having the products I buy dictated to me is unamerican