The Tariff Issue
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The Tariff Issue

Take the issue of tariffs, which is Trump’s mistaken approach to bringing the jobs back home. The tariff “solution” overlooks that offshored US production counts as imports when US firms bring their goods into the US to be marketed. The Chinese did not steal American jobs by selling below US cost.  The jobs were taken to China by US global corporations, along with the technology and business know-how, for the sole reason of maximizing US corporate profits.  Labor, made as productive as US labor by offshored US capital, technology, and business know-how, could be hired at much less cost in China and elsewhere in Asia due to the enormous excess supply of labor that overhangs Asian labor markets.  The enormous cost savings went directly into US corporate profits, capital gains for shareholders, and bonuses for executives.  Half and perhaps more of the “cheap goods” imported from China are the goods of American firms, such as Apple, Levi, Nike.  They are products of US firms that are made in China for sale in the US.  They are not “cheap Chinese goods.”  Do you think an iPhone is cheap or a MacBookPro is cheap? The tariffs fall on American goods produced offshore by American firms for sale in America. For example, on May 13 the office of the US Trade Representative (USTR) released a list of “Chinese” products subject to a 25% ad valorem duty.  The list includes cell phones, footwear, textiles.  Do the cell phone imports from China exclude Apple’s iPhone? Do the footwear imports from China exclude Nike’s shoes? Do the textiles exclude Levis?  I have not seen any information that Trump’s tariffs are only for Chinese owned exports to US markets.   The tariffs will reduce the profits of American overseas production exported to the US and raise prices to US consumers, who have already lost the incomes from the manufacturing jobs that American companies moved abroad.   In other words, tariffs are not a solution. The only way to bring home the offshored American jobs is to change the way US corporations are taxed.  No, this does not mean to lower corporate taxes.  The way to bring the jobs home is to tax corporations on the basis of the geographical location in which they add value to their products.  If US corporations produce in the 50 states for their US market, the tax rate would be low.  If they produce abroad in China or elsewhere for sale in the US, the tax rate would be high. The tax rate on offshored production for US markets would be calculated to offset the lower labor and regulatory costs abroad. Americans, as they always do, got sold a bill of goods called “globalism.”  Globalism is the deception used to destroy labor unions, deprive the American work force of middle class jobs, and strip them of their bargaining power.  It is also the deception used by transnational agri-business to drive self-sufficient third world peoples off their land and convert the country’s agriculture into the production of a mono-crop export commodity. The evil done by globalism has taken a toll on both first and third worlds.  It is entirely the result of first world capitalist profit-maximizing.  It has nothing to do with China.   China is being blamed not because its industry produces cheaper than our industry, but as a scapegoat to hide from view the fact that US global corporations alone are the cause of the lost American jobs.   Tariffs cannot bring back the jobs. On January 6, 2004, more than 15 years ago, US Senator Charles Schumer (D,NY) and I raised the issue in the New York Times whether jobs offshoring was in fact an exercise in free trade. A televised conference was called in Washington, D.C., to hear us out.  Unsuccessful attempts were made to poke holes in our argument.  With Schumer in the lead there was hope that something could be done, but he was silenced by his corporate and Wall Street campaign contributors.  In the years since, I have many times explained the issue in my columns, interviews, and in my book, The Failure of Laissez Faire Capitalism.  I testified before the China Commission and made clear what was occuring and the consequences, including the impact on state and local budgets and pension obligations.   It did no good.  The greedy, grasping capitalists silenced every member of Congress, every economist, every financial journalist, and the right and left wings.  The consequence is that the United States, once an opportunity society, is now polarized between a tiny immensely wealthy billionaire class and a work force deep in debt and surviving on two or more part time jobs with no benefits. The Trump regime is now blaming this catastrophe on China. War could result.

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Islamic Channels are Fading out | Save Them

Islamic Channels are Fading out | Save Them

Islamic Channels are Fading out | Save ThemDonate here: Gofundme: https://www.gofundme.com/rationalbeliever Paypal: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EN79XRUF35QWL **************************************************************************************************************************************** As'salamu Alaikum Wa Rahmatullahi Wa Barakatuh, Dear viewers! As some of you are aware, it’s a couple of months that YouTube has updated its policies by setting the algorithms so that it targets Islamic content and channels. They removed so many Islamic channels from their partner program while almost none of those channels violated any of their policies. With this they try to fade out the Islamic Dawah. Same thing happened to our channel too… It is the third time that our channel is being targeted by YouTube. First they have banned a video worldwide for couple of hours, then they deleted a video with the claim that it violated their terms and conditions while it wasn’t the case... and recently they have demonetized our channel (the only source that could cover a part of our production costs) again by claiming that our content is violating their terms and conditions while in reality we have never promote violence, or produce inappropriate content. It seems like they want to demotivate us so that we stop producing Islamic contents. But by the will of Allah (swt) that will never happen! Indeed production of a professional content needs huge costs and time. A lot of efforts (e.g. providing topics, doing research, providing footage, making narration, recording, graphics, editing & etc...) goes into making only one video. And we alone are not capable of covering the whole costs since we have no more financial source. Therefore we ask you to join and take part in our dawah mission and support our channel in order to continue with even more amazing contents and to help us educate people around the world about the beautiful religion (ISLAM) and make them come closer to Allah (swt). Currently we are unable to create any patreon page due to some problems. But you can donate to the below gofundme and paypal links: For those brothers/sisters who have problem with the donation campaigns for Islamic channels: Just know that Allah is enough for them, it’s about your responsibility for your religion. They didn’t make these channels to make money out of them, for sure if they were looking for money, they would choose some other ways which would make way more money for them. But they chose to serve for their religion. They all try their best and have their own way of presenting the message of Islam… they face huge problems while making those contents which help you and your children. Be with them Support them to spread the truth And be the cause for guidance of masses In Sha Allah In sha Allah your donation will be counted as (Sadaqah Jaariyah) and will get continues rewards since these contents will reach to millions of viewers by the passage of time. If you can't support us financially, please make Dua for us. Jazzak Allahu Khairan, Rational Believer
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