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.

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ymhotep's picture
ymhotep 8 years 12 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

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