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We would have to despise our children and grandchildren to put them through the misery of protectionist trade policies.Buffets plan is insane, he is looking to address the symptom... Oops, I mean the "statistical description of the problem" rather than the problem itself.If you really wanted a solution to the trade deficit, you would begin by looking at why US products are not as competitive in the world market and then look for ways to remove impediments to US companies to make our products more competitive. We could start by lowering the corporate tax rate 30 points, eliminating economic laws and regulations that do not protect the public from force and fraud, opening up America's natural resources (especially our oil reserves in Alaska and the Gulf), and stop subsidizing foreign goods with US aid money.Instead, you are looking at ways to change the "statistical description of the problem" by limiting imports and enacting laws to manipulate economic behavior through the force of government. Yes, our imports would drastically fall and our exports would drastically rise but that always happens during heavy economic recessions, which is exactly what the Buffet plan would accomplish. You're not even trying to make America more competitive with the rest of the world, you're only trying to keep the competition out of America. It's lunacy.
We would have to despise our children and grandchildren to put them through the misery of protectionist trade policies.
Buffets plan is insane, he is looking to address the symptom... Oops, I mean the "statistical description of the problem" rather than the problem itself.
If you really wanted a solution to the trade deficit, you would begin by looking at why US products are not as competitive in the world market and then look for ways to remove impediments to US companies to make our products more competitive. We could start by lowering the corporate tax rate 30 points, eliminating economic laws and regulations that do not protect the public from force and fraud, opening up America's natural resources (especially our oil reserves in Alaska and the Gulf), and stop subsidizing foreign goods with US aid money.
Instead, you are looking at ways to change the "statistical description of the problem" by limiting imports and enacting laws to manipulate economic behavior through the force of government. Yes, our imports would drastically fall and our exports would drastically rise but that always happens during heavy economic recessions, which is exactly what the Buffet plan would accomplish. You're not even trying to make America more competitive with the rest of the world, you're only trying to keep the competition out of America. It's lunacy.
