Smaland
05-18-2015, 03:12 AM
In the U.S. back in the 1960's, an 18-year-old male who had graduated from high school could get a factory job, with a wage that would support a family of four on its own, at least with careful money management.
The U.S. could bring heavy industry back to America with the correct economic policies. The federal government could be funded by bringing back tariffs (import taxes). In case they didn't produce enough revenue, a national sales tax could be used as a supplement, and the personal income tax would be repealed.
Tariffs would be applied differently than they were back then, since they would be applied to both domestic and foreign companies. Any product or service produced or rendered in the United States, regardless of a company's origin, would be exempt from a tariff. Anything produced or rendered outside the U.S. would be subject to a tariff.
This would give corporations the incentive to relocate/locate their production here in the U.S. Also, they would have to compete with each other for American workers, bidding up labor's wages.
Because they would be making adequate wages, young men would have a reasonable chance to find and marry young women, and start a family.
The U.S. could bring heavy industry back to America with the correct economic policies. The federal government could be funded by bringing back tariffs (import taxes). In case they didn't produce enough revenue, a national sales tax could be used as a supplement, and the personal income tax would be repealed.
Tariffs would be applied differently than they were back then, since they would be applied to both domestic and foreign companies. Any product or service produced or rendered in the United States, regardless of a company's origin, would be exempt from a tariff. Anything produced or rendered outside the U.S. would be subject to a tariff.
This would give corporations the incentive to relocate/locate their production here in the U.S. Also, they would have to compete with each other for American workers, bidding up labor's wages.
Because they would be making adequate wages, young men would have a reasonable chance to find and marry young women, and start a family.