Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
How Trump could avoid a Trade War -- We're published in the Washington Examiner this morning
To read it, go to:
Comment by Bruce Bishop, 6/5/2016:
I am grateful to you gentlemen for pushing the idea of balanced trade. However, I don't think a 45% tariff would be sufficient to bring back U.S. manufacturing. The infrastructure is gone!
If there is evidence of manufacturing opportunities that would cause entrepreneurs, or Fortune 500 companies, to build factories and hire workers, I would love to hear about it.
I am still in favor of Warren Buffett's "import certificates," because they would force a limit on imports, which would necessarily force the generation of replacement sources here, or somewhere other than China.
Personally, I believe that China is a criminal enterprise. We should not be doing business with China at all, much less be allowing them to steal our jobs, our technology, and our intellectual property.
Response to this comment by Howard Richman, 6/6/2016:
Comment by Ron V, 6/16/2016:
Your article and comments are spot on. As fertilizer in soil is essential for growth, manufacturing jobs in our country are essential for the growth of our economy.
Trump is right about the trade deficit, the largest of any country in the world. The VAT taxes that over 150 other countries use, paid by the US companies, is yet another problem as imports are almost tax free while our corporations have to pay pay almost 25% in VAT taxes to other countries.
Manufacturing would bring back reaserch and development, this then would bring back inovation into our country along with on-the job training etc..
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