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Richmans' Trade and Taxes Blog
Emmanuel Goldstein makes the case for our Scaled Tariff in his blog
On December 14, Emmanuel Goldstein endorsed our scaled tariff in a blog commentary entitled "The case for a scaled tariff." His writing is clear and powerful.
He begins by discussing the American jobs crisis, not only the high unemployment, but also the growing income inequality and the stagnating median income. He points out that the solutions provided by the right (lower taxes and regulation) and the left ("a large federal entitlement for everyone") would not solve the problem.
He understands the classical economic argument against tariffs, but also understands that it does not apply in the United States today. He writes:
In his final paragraph he recommends our Scaled Tariff as a possible solution. He writes:
One possible solution, proposed by two authors at the American Thinker, is called a scaled tariff (look at the end of the article). In a scaled tariff, the tariff rate for each country is proportional to our trade deficit with that country. Thus the tariff would disappear once trade is balanced. Balancing trade might be one way to preserve our manufacturing jobs and our status as the world's dominant economic power.
If you wish to make Goldstein's blog a regular part of your daily reading, you can find it here: http://the-individual.blogspot.com/
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