Entries Tagged 'Economics and Investing' ↓

Word of the Day — Tariffs

Nearly everyone and his or her brother and sister have come out against Trump’s tariffs on steel and aluminum this week! 25 percent on steel and 10 percent on aluminum.

I have read some things I didn’t know about tariffs on steel and aluminum. Most of these things came from an article in The Conversation titled “George W. Bush tried steel tariffs. It didn’t work” by William Hauk, Associate Professor of Economics at one of my alma maters, the University of South Carolina in Columbia.

Here are some facts I didn’t know

Continue reading →

Trump’s Trade and Infrastructure Weaknesses

Today the Financial Times reports that American expatriats living abroad will have to pay higher taxes on any holdings in foreign businesses.

This is due to the hasty provisions Republicans put into their tax law to get mega-corportions like Apple and Google to bring back profits earned abroad to the United States.

But will those repatriation provisions to get US corporations to bring home more foreign earnings even work to create more jobs for Americans?”

The answer is “No!”

Why? Continue reading →

Doing DACA Right

This week the President’s comments on immigrants torpedoed the American Dream.

Not only did our President insult people from Haiti and Africa; he later demeaned every immigrant who has come to this country and done menial labor so that their children could have a better life.

My ancestors are in that category and so are those of every person I know. Even Americans with ancestors who came over the Atlantic on the Mayflowers fall into that category. The Puritan’s settlement at Plymouth, Massachusetts has been re-created for those who wish to see how they lived. Visit there – you’ll see they were the first immigrant “Dreamers”.

What’s outrageous was the implication that the U.S. only wants the “brightest and the best”. Everyone else can stay home. Continue reading →