The Chicken Littles Are Hammering Trump on Trade, but Charles Payne's Truth Bombs Blow Their Theorie

[DB]

And how does forcing Americans to pay 10% more for Chinese products help the American consumer who has now lost the opportunity to purchase something else (or save) with that extra 10%.

Which brings us once again to the same question that has yet to be answered.  How does raising taxes promote economic growth?

The attraction is it looks like a shortcut around being competitive. Having a hard time competing just block the competitor via government... Don't fix the underlying issues that make you less competitive... Like taxes, regulation and cost of energy... Fixing it requires adapting to change and innovation verses putting up barriers which are simple to do.

Socialism is much the same. It is a shortcut to get things you didn't earn. Other people have stuff, they should share by force of government so it is "fair".

Both can work for awhile until economic reality catches up and then there is hell to pay. A hell that cannot be escaped.

[Bigun]

The attraction is it looks like a shortcut around being competitive. Having a hard time competing just block the competitor via government... Don't fix the underlying issues that make you less competitive... Like taxes, regulation and cost of energy... Fixing it requires adapting to change and innovation verses putting up barriers which are simple to do.

Socialism is much the same. It is a shortcut to get things you didn't earn. Other people have stuff, they should share by force of government so it is "fair".

Both can work for awhile until economic reality catches up and then there is hell to pay. A hell that cannot be escaped.

Well said @DB!  And very true!

[INVAR]

Pretty sure, eh?  You might want to double-check your source on that.  Because there have been zero changes made on either personal or corporate income earned overseas since Trump took office.

Not only that, but since Trump and the Trumplican "tax break" - almost all tax-write-offs for independent contractors have been eliminated.  Since my wife is a travel nurse - all her normal tax write-offs for uniforms, housing, mandated schooling, training, etc., have been eliminated at 100%.

So, this 'tax break' was not all that great for some of us.

There were trade offs and some do not get to enjoy more of their own money.