memphis
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Posts: 15,959
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« on: January 05, 2012, 10:46:07 AM » |
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If you want to encourage manufacturing, you're going to have to increase tariffs substantially. You can cut taxes all you want, but we're still not going to be anywhere close to competitive on costs versus places like India, Mexico, and China. You may as well offer a repeal of the Clean Air Act as a solution. All you'd get is a dirty country that can't afford to maintain its infrastructure. We'd also need to crack down on all the cheating China does. From currency manipulation to illegal dumping to turning a blind eye to fake merchandise, the Chinese are the kings of cheating. And it's sucking us dry. Regarding saving, we need to teach people that saving money is important. In school. In families. Everywhere. But we have this stupid money taboo, where nobody is allowed to talk about money. And we also have super slick advertising and retail geniuses working round the clock to suck every penny out of us. The result is predictable.
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