Sunday, July 19, 2020

Free Trade

I believe in Free Trade, but also moderation in all things.  

Tariffs that protect businesses that are critical to the security of our country are essential. 

Foreign countries like China charge a 6.5% tariff, but also a 19% value add tax to sell products in their country. The US historically only charged 6.5%.  

Foreign Business compete in our country by paying a 6.5% tariff (tax), but Domestic Businesses, that create jobs for Americans, must pay far more in taxes, like:
  1. Federal & State income/profits
  2. Employee Retirement (Social Security 7.5%)
  3. Employee Workers Comp Insurance (7-25%)
  4. Unemployment Insurance
  5. Property Tax
  6. School District Tax
  7. Vehicle / Road Tax
  8. Sales Tax  
  9. & much more.
No wonder all the jobs are going over seas, and China is over taking the US as the worlds most powerful economy. 

For more detail on Free Trade vs Duties, click this link:

For additional Prepper information, see our:
Blog Table of Contents
Free Trade vs Duties 
US Poverty from a global perspective 


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