Free Trade is great! It allows countries to specialize in their strengths. For example, the United States has huge tracts of land suitable for growing corn, but very limited area suitable for growing coffee and coconuts. It makes sense for the United States to export corn to tropical countries in return for coffee and coconuts.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
Could this be partially fixed by adding borrowed money and deducting savings from the income tax? Taxing gross capital sales instead of capital gains?
The fatal flaw in free-traders reasoning is it assumes and requires ETERNALLY NON-HOSTILE TRADING PARTNERS.
More reasons to repeal the 16th and 17th amendments.