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The Curious Case of Chinese Tires
Here’s legitimate economist, Don Boudreaux, blogging at cafehayek.com… Ironically, his book Globalization inspired my finger-painting below, although Chinese tires wasn’t then his chosen topic (as it was in my scribble): Lobbyist Scott Paul details the bounty that American tire producers now reap from the Obama administration’s tariff on Americans who buy Chinese tires (Letters, Jan. [...]
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The Curious Case of Buffett and Bosanek
Debbie Bosanek, secretary to Warren Buffett and honored guest at Tuesday’s State of the Union address, “pays a tax rate of 35.8 percent on her income”, according to that bastion-of-truth-and-impartiality, ABC. You’re thinking that’s Federal Income Tax, right? Let’s do the math: For starters, at a 35.8% tax rate, she’s doing quite well for a [...]
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Pardon my cynicism…
“all lies and jest, still a man (voter) hears what he wants to hear and he disregards the rest” Simon and Garfunkel Romney: “I’m smart enough to make and keep a few hundred million, turn around the Olympics and help build dozens of great companies, but I am utterly clueless when it comes to international [...]
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Once skinny kittens…
When we talk fairness (lack thereof) in this country, make no mistake, we’re talking outcomes (haves vs. have-nots), as opposed to opportunities… When we’re talking the share of the pie growing faster for the 1%, we’re not talking current 1%ers (there’s been substantial movement in and out over the years… I.e., a great portion of [...]
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The manufacturing evolution…
Rick Santorum, during last week’s CNN candidates debate, attempted to make the case for a zero corporate tax for the manufacturing industry, and 17.5% for everybody else… He stated that the cost of doing business in the U.S. makes manufacturing goods more expensive, versus our overseas “competition”… His intentions (noble as they are) notwithstanding, government picking winners [...]
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Guest Blog: Bloice C. Davison, III
One More Benefit of Free Trade by Bloice C. Davison, III Economists can explain the effects of tariffs using supply and demand diagrams. Supply and demand diagrams, however, show the effect that tariffs have on the supply and demand of a specific good or service, not the effect that the tariff may have on an [...]
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