Corporate Politics has convinced Americans that Duties & Tariffs levied against imports are the most terrible, evil, thing in the world… But from 1776 until 1913, it was the revenue collected from Duties and Tariffs that ran our entire Government…No income taxes, no sales taxes…Buy today, in the era of global “Free Trade”, duties and tariffs have become dirty words and sadly, everyone believes that…
It is the lack of duties and tariffs that has destroyed our middle class manufacturing jobs and allowed corporate executives to pay themselves millions of dollars a year, sometimes hundreds of millions, along with the investment bankers who raise the capital to finance these corporations. Well THAT’S GREAT if you are one of those people. But membership in that club is restricted to maybe 5% of us and that’s it…The rest of us are expected to consume all this imported material and goods while OUR incomes slide down towards those in the “Low wage” countries corporations seek to “trade” with…
These are the kinds of policies that lead to social revolution…Blood in the streets…