It will invariably put upward pressure on wages which would deconcentrate wealth.

Cheap Chinese goods are one of the most important coping mechanisms American’s have for dealing with horribly eroded real wages. Tax’em and people will want more money to maintain consumption levels. Frustrate their entrance into the Country to stimulate domestic manufacturing and producers will command higher prices.

Comments

ymhotep's picture
ymhotep 8 years 31 weeks ago
#1

"Let them eat cake!" Cheap Chinese goods are today's cake. "They" believe that these cheap goods are pacifying the breadless. (Thanks to Sam Walton for a job well done.) But alas, the end result will be the same as it was in 1789 with lots of heads being hauled off in baskets. That is unless the ruling class wakes up. Peace

Add comment

Login or register to post comments

Come Cruise with Thom Hartmann in July 2020

Join me for an exciting Bermuda getaway aboard Oceania Cruises, the world’s leading culinary and destination-focused cruise line. Set sail on the reimagined Insignia for 7 nights beginning July 25th 2020. Take advantage of Oceania Cruises’ OLife Choice promotion, where you can choose shore excursions, a beverage package, or onboard credit – Oceania Cruises also includes Wifi! You'll also receive complimentary gratuities, a $50 onboard credit and two exclusive cocktail parties. Did I mention we are planning special onboard events with yours truly? Prices start at $1199.

Reserve your stateroom today by contacting Keene Luxury Travel, and mention the Thom Hartmann Group 800.856.1155

or go to https://www.keeneluxurytravel.com/th-bermuda/default.asp

Coronavirus: Many Claim We Can't Afford Medicare-for-all, But, It Appears We Are About To Discover How Costly Our For-Profit Healthcare Is

Thom plus logo The coronavirus is now in the United States, and apparently the infection in California goes beyond just one person, because they can't figure out how that one person got it. Which means lots of people need to get tested, particularly if they have symptoms of a severe cold or flu which could indicate that they have the coronavirus.