Weekend Economists Get a Little Drunk January 27-29, 2012

[Fuddnik]

18. My solution. Something the Founding Fathers founded America on.

First: Cancel ALL free trade agreements.

Second: Institute a system of taxes and tariffs on all imported goods. No exceptions or exemptions. If you go back to colonial cities, such as Charleston, there's a reason that the Customs House was the biggest building in the city. To protect American business.

If you do business in this country, you pay a livable wage. Period. No exceptions. If a business get's hit for retaliatory tariffs somewhere else, they should be eligible for a subsidy.

As the system sits right now, business, aka multi-nationals, benefit from slavery, although it's abroad. Just like The North in pre- civil war times.

The donor class will scream to high heaven, but hey, that's life.