On 04/24/2010 07:46 PM, Publius Maximus wrote: >> I wish good things for the new GM; only good things. America need an >> industrial base, which can be provided by a strong auto industry. >> > If we really wanted an industrial base, we'd do away with the income > tax altogether, re-institute the ad-valorum tariff revenue system, > applicable to all articles of foreign manufacture, and eliminate > capital gains taxes on investments in American labor. >
The USA cannot isolate itself economically from the rest of the world. We are part of a global economy, so if you're looking to build a utopia, you must build it globally. Bastiat understood the harm of tariffs: http://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat > Free trade would mean, as it used to mean, joining the Union as a > state (with all the Constitutional rights and responsibilities > thereof). > Things we different then. People were different. Economies were different. In the early days after the 13 colonies/states joined together into the United States of America, there was no global economy, no international communications via cell phones, internet, land lines, no international air travel, no international air transport or shipping. The world has change since 1776. > But we want a "one-world, ecumenical union of the peoples of the > world," to quote Bastiat, so, consequently, America (and every other > nation-state) must be destroyed. > Countries around the would have evolved ecumenically over the last 500 years, especially economically, and I expect the trend will continue. Bastiat was ahead of his time and had a greater influence on American economics, than in his home country of France. Quoting Gastiat without the full content in which the quote appeared can greatly misrepresent his message/lessons/thinking. > And this is what is happening, all the world over. > Yes, speaking broadly, countries and economies are gowning more ecumenical. > All that is lacking is a world currency. Then, the Tower of Babel 2.0 > > will be complete. > > As if Babel 2.0 has any better chance of success. > > - Publius > > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
