Saturday, June 9, 2018

Free Trade

I saw a headline that Pres. Trump said to the G-7 that if they'd drop all tariffs, the US would, too. It's hard to believe he's serious about this, as some of his foreign businesses probably benefit from other countries' tariffs and a lot of businesses in this country benefit from our tariffs, like the Louisiana sugar barons.

But it would be nice to get rid of tariffs. But you'd also have to get rid of all the special tax breaks that corporations enjoy. Because with the tax breaks, corporations grow large and without tariffs they can afford to flood other countries with cheap goods and run the smaller local companies out of business. Same thing with large government controlled companies, like in China, that cause the same problem.

When most politicians talk free trade, they mean free for themselves and their cronies. The only way to have really free trade is to have no tariffs and a flat tax with no exemptions for anyone.

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