Forum Post: Occupy Wall St, Congress, and Tariffs
Posted 12 years ago on Nov. 7, 2011, 11:44 a.m. EST by vincenttrieu
(1)
from San Jose, CA
This content is user submitted and not an official statement
I read all this occupy wall street and nobody suggests creating higher tariffs in imports or closing bill clinton's free trade wtf? >_> It's the main reason why people don't have jobs because all of our jobs are going to foreign countries. That and the requirements for tech jobs. Also, if people had jobs it will create revenue from income tax and help out education or fire department and other social services.
Before 1913, the Federal Budget was funded primarily by import fees and taxes upon business.
I wonder what it would look like if there were no taxes besides import tariffs. On one hand, prices would be higher because US labor markets will need 10 to 20 times what workers in Asia make. On the other hand they would be lower because there would be no embedded taxes, and people would make more because of no federal income taxes. Only SS, and Unemployment ins.
It would be interesting to take a good look at what that would be like.
Congress should create our money, (as required by the Constitution), and spend it into circulation for the general welfare of our nation IE: repairs to our infrastructure etc. Instead we borrow the use of our own money from the Federal Reserve and pay interest on it. The Federal Reserve is a cartel of private banks, no more federal than federal express. The Board of Governors is just window dressing.
It's a big world. The US cannot be an island. Our labor markets are competing against labor markets all over the world. It will all even out eventually, hopefully soon. We need everyone to vote for a world-wide living wage for all non-executive workers. It would start out being different from country to country, and maybe even from city to city, but the goal would be to make them all the same.
@newearthorder It will take a lot of time before that will happen and by then there probably will be wars/civil wars (in second/third world countries); either that, or we will be too old to see that day happen. People are greedy no matter what country they are from.