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We need to tax imports to live within our means

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Posted: Wednesday, November 2, 2011 12:00 am | Updated: 6:31 am, Wed Nov 2, 2011.

The name "Compass" on the marquee of the lending institution across from the Lodi Public Library is indicative of where we are in this era. During a time when the urge to break the Tenth Commandment was prevalent, a well-manned catapult was all it took. No man's castle was secure from the rained terror of stoners.

It took the implementation of larger, more effective governments to write and enforce laws that made such brazen acts unacceptable. To deter acts of covetousness, agreeing governments outlawed acts of force. Governments maintained and acted on the privilege of securing land (and cheep labor) by declaring war for whatever reason.

The atom bomb — with its total disregard of favoritism — while it is highly respected, has altered how to use friendly persuasion to disrupt coveted tranquility.

Nations that have their own problems of overpopulation, housing, unemployment, etc. find ways of taxing their subjects (even with their lower wage scales) so that they can operate thinly veiled cartels. Acting on the premise that "this is a world without boundaries," they give their covetous operations "local" names, bringing along enough good money to buy up mortgages on property and work stations.

All they have to do is to encourage inflation (by enlarging mortgages), and buying candidates that will go along to get along. And parcel by parcel, today's secure "castles" will be history.

Our Constitution framers, knowing their would always be the "Benedict Arnolds," left the provision for Amendments so that our sovereignty could survive. As the alcoholic controllers during Prohibition used their authority to put enforcement of law above personal rights, another independent strong-arm of this government should stop the hemorrhaging of our posterity's assets.

Although we now need foreign bond buyers for our cash flow and living style, we need to tax every import. With about 300 million participants, we should generate enough service and things to live within our means.

For too long our imports have sapped our work ethics.

Duane M. Linstrom Sr.

Lodi

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Welcome to the discussion.

7 comments:

  • Alex Kennedy posted at 11:18 am on Thu, Nov 3, 2011.

    Alex Posts: 215

    We raise import tariffs they raise import tariffs.... Bad for US exporters.

     
  • Darrell Baumbach posted at 9:15 am on Thu, Nov 3, 2011.

    Darrell Baumbach Posts: 9405

    Ms bobin stated...I am sure that Mr. Lindstrom, Sr. has much to contribute by way of offering his opinion, but by himself seems to be struggling

    Sad that someone cannot submit a letter without Ms Bobin putting them down personally. Some people put others down because it mentally makes themselves feel important or more significant. Maybe, Joanne is one such person.

    I did not agree with this Mr Linstrom's points, but he certainly should feel comfortable that his opinion and participation is a welcome contribution. I am glad he felt the urge to write and share his thoughts.

     
  • Joanne Bobin posted at 5:46 pm on Wed, Nov 2, 2011.

    Joanne Bobin Posts: 4488

    As usual, it seems that Duane Lindstrom, Jr. should be monitoring Sr.'s submissions to ensure that the moments of clarity are the focus of his letters. I am sure that Mr. Lindstrom, Sr. has much to contribute by way of offering his opinion, but by himself seems to be struggling.

    Also, I'm not sure who made the typo here, but Mr. LinDstrom's name is misspelled.

     
  • Darrell Baumbach posted at 1:33 pm on Wed, Nov 2, 2011.

    Darrell Baumbach Posts: 9405

    Interesting online question and answer I found.

    Who pays the import tariffs or import Tax?
    Question?????
    Is the tax imposed on foreign suppliers who are sending their goods to us, or is it imposed on the company that are importing the goods from foreign suppliers?

    Answer... In the end, the retail buyer pays the cost. The company that manufactures the product has to make a profit. If they pay a tariff it's added to the cost of the product. The company that buys it to retail it pays this increased cost. They have to make a profit and their price will reflect all costs plus a profit. That means you and I pay the tariff when we buy whatever is imported.

     
  • daniel hutchins posted at 9:34 am on Wed, Nov 2, 2011.

    daniel hutchins Posts: 1338

    Duane M. Linstrom Sr.: I suggest some more time studying.

    I am responding only to the title, only.

    One may recall legislation of Most Favored Nation status for China, back in the Clinton Administration. NAFTA, GAAP (?), and numberous Free Trade Agreements.

    Clinton promised NAFTA would create jobs, and he was and still is a superb talker and salesman. It was all phony baloney.

     
  • MARK TROVINGER posted at 9:32 am on Wed, Nov 2, 2011.

    MARK TROVINGER Posts: 204

    In all fairness, Mr. Linstrom's letter is a tough read and hard to understand, but I can't see where he is promoting any sort of criminal enterprise to extract money for anyone's personal gain or benefit. Mr. Baumbach's example trys to indicate that this is what Mr. Lindstrom is suggesting.

    I believe that Mr. Lindstrom is trying to say that by taxing imports, the government can generate revenue that can be used to pay for the government services that are now either not being funded, or being funded by other forms of taxation such as income tax. Looking at it from that viewpoint, putting a tax on imported goods would generate money for the government to use for the programs it has to pay for. In doing so, the government would not need to tax the citizens as much and the citizen would have more money left over to take care of themselves better. But if this was the point that Mr. Linstrom was trying to make, obviously he could have done a better job. If this isn't the point he was trying to make, I have no idea from reading the letter what point he was trying to make.

     
  • Darrell Baumbach posted at 8:20 am on Wed, Nov 2, 2011.

    Darrell Baumbach Posts: 9405

    Duane M. Linstrom Sr. stated....Although we now need foreign bond buyers for our cash flow and living style, we need to “TAX” every import. With about 300 million participants, we should generate enough service and things to live within our means.

    The mafia Don has become accustomed to a lavish lifestyle and feels entitled to this no matter.
    Unfortunately, cost of doing mafia business has dramatically increased and this luxurious lifestyle is threatened.

    Decisions decisions decisions... what to do?????

    Answer... he decides to extract money from tourists that spend money in the neighborhood by forcing local stores to overcharge and then extort (tax) money from these local shop keepers.... this way, he can maintain the lifestyle he has become accustomed to.

     

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