Tuesday, December 9, 2008

The way forward on the free markets

I think that the way we should be going is realizing that a blanket tariff is the best way to keep the market undistorted.

We have a blanket equal tax for people being paid incomes and it is a good idea to have the same for overseas products. Right now only having that tax on domestically produced goods creates a distorted market and a tax on foreign produced goods would equalize the field.

In addition to really equalize the field we would also need to institute real quality controls on such goods.

Ending the massive subsidies and lack of quality control to foreign produced goods is what is needed to bring back buying American.

The argument for those subsidies is that we get a lot of cheap goods, but we shouldn't be subsidizing china to give us cheap goods.

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