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Author Topic: Time to end free trade?  (Read 160 times)
oldster
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« on: July 20, 2011, 05:01:12 PM »
Sure, it has brought us cheap goods, but I believe that it has also sent jobs overseas.

We should look also at some way of recovering taxes lost on jobs sent overseas by American corporations.

http://www.econ.yale.edu/seminars/echist/eh02/williamson-020418.pdf
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pbal
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« Reply #1 on: July 20, 2011, 05:43:07 PM »
Free trade? Have a dose of reality:

http://hts.usitc.gov/
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oldster
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« Reply #2 on: July 20, 2011, 06:53:33 PM »
http://www.ustr.gov/trade-agreements

NAFTA is probably the largest.

They have been good, but are they good in this economy?  I just don't know.  Some economists think it may not now be the right enviornment.
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« Reply #3 on: July 20, 2011, 07:13:29 PM »
Despite it's name, NAFTA has nothing to do with free trade. My former employer pays $20,000/wk in duties and fees on shipments to their Canada outlets, and another $2,000 to $5,000 for their direct-to-consumer shipments. Every shipment from Mexico to our warehouse came with a Customs invoice. Products are apparel, housewares and novelty items.
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beeker
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« Reply #4 on: July 20, 2011, 07:22:08 PM »
Free Trade is the same scam as Tax Incremental Funding.  Recipients love it until the tax is due, then they want another deal.  Big Oil pays billions in taxes and we want more, while thousands of smaller companies skate on billions in taxes and we excuse them. 
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« Reply #5 on: July 21, 2011, 04:11:59 PM »
If I remember correctly we pay taxes under NAFTA but our stuff shipped to other nations is tax free, I think that is the loopholed being referred to here.  Why should American companies have to pay when the other nations don't.  Just another way to redistribute America's wealth to any place but America.
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« Reply #6 on: July 21, 2011, 04:42:13 PM »
NAFTA was for products/ agriculture that originated in US, Mexico, and Canada.  If something was made elsewhere, shipped thru the US and sold to Mexico or Canada, the rules do not apply.
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beefman
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« Reply #7 on: July 21, 2011, 05:26:38 PM »
Quote from: beeker on July 20, 2011, 07:22:08 PM
Free Trade is the same scam as Tax Incremental Funding.  Recipients love it until the tax is due, then they want another deal.  Big Oil pays billions in taxes and we want more, while thousands of smaller companies skate on billions in taxes and we excuse them. 
I think you have it backwards. Sure oil companies pay a lot of taxes while still showing billions in profits. I'm not saying hit them harder but i dint feel sorry for them.
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« Reply #8 on: July 21, 2011, 06:25:30 PM »
Free Trade
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What in God's holy name are you blathering about?
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