Whenever Any Form of Government Becomes Destructive To These Ends,
It Is The Right of the People to Alter Or To Abolish It,
And To Institute New Government


Friday, March 04, 2016

Watching the end of the FIVEjust now, and hearing that Trump...WITH UPDATE

quoted Larry Kudlow as liking his tax and economic plans, they said that this shows that Trump is listening to Kudlow and therefore there will be no tax/tariff on China trade and he will be a free trade guy.

The argument against tariff is that it will hurt americans in the wallet.
How much more could they be hurt than be deprived of careers?

If they are right, and Trump changes his mind, there is a lot less reason to look at Trump, and you would have to reconsider his seriousness on the wall.

Let's hope that is PURE speculation


Here is an article on Kudlow and Trump

Kudlow said he found Trump’s platform very agreeable to free-market growth: “He has a very good corporate tax-cut plan, across the board, for large companies and small companies. He’s got a 15 percent rate — we’re about 35 to 40 percent now.”
“So let’s say that became law,” Kudlow continued. “You’d see a movement, a tremendousmovement, of capital and labor back to the United States, that’s in China and overseas, because we’d have a more hospitable business tax environment.  You include immediate deductions for new business investment, and you include repatriation, which is all in Trump’s plan, and you’ve got yourself a powerful incentive to move back to the USA.”
Kudlow thought such “incentive economics” were better tools than the tariffs Trump has proposed for punishing businesses that move overseas, preferring carrots to sticks. However, he agreed that stern measures were needed to deal with China, which Bannon described as a “mercantilist society” — the government actively harming foreign competition to give native industries an edge.
Kudlow described China as “our enemy, not our friend,” citing their aggression in the South China Sea, and their willingness to stand behind “some of the worst terrorist dictatorships in the world,” including Iran. He stressed the importance of responding to China’s “counterfeiting of goods, stealing of our intellectual property rights, and cyber-hacking our systems here, both government and industry.”
Having said that, Kudlow added he was “not a guy who likes tariffs,” which he described as taxes that would “hurt the American consumer.” He preferred using international bodies such as the World Trade Organization to deal with unfair practices by China and others… provided America fields a president who can negotiate tough trade agreements and not “give up all the time, which unfortunately has been the case.”
He returned to his theme of incentive economics as the best way to restore American manufacturing and reverse capital flight.
“If you lower marginal tax rates on business, both large and small… if you roll back regulations, for example, let’s go to right-to-work laws, which would make us much more hospitable to investment… those are the things that would help America, and that’s what we should focus on,” he advised.

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posted by Epaminondas at permanent link#


Blogger Pastorius said...

The guy changes his mind every time he gets a boner.

Friday, March 04, 2016 11:13:00 pm  
Anonymous Ciccio said...

Whilst I agree to some extent with the premise that China has been stealing US intellectual property rights I can also state most emphatically that the bulk of U.S. intellectual property rights used by China have been handed to them on a plate by American manufacturers trying to save a few pennies in wages. Just try figure out how long it will take you to to copy a computer given a sample of it versus the information and samples that have to be given to a contractor having to make them in China.

Tuesday, March 08, 2016 5:29:00 pm  

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