Tariffs only accomplish raising the price on the consumer. Raising the prices stifles consuming and lack of consuming hurts the economy (further). We simply need to be more competitive in our pricing. If we had competitive pricing then we wouldn't even see the Chinese and Malaysian junk over here.
Jeff's point is exactly correct, a lot of us could have our own business if the burden wasn't so great. A local small business that my company works with was trying to buy a small piece of property to park his equipment. He's a very small business, it's just him and two laborers. He has no need for an office, he does his billing out of his briefcase at the job site, and all his other business paperwork at his home. He has zero need for any buildings, all he needed was a place to put his equipment. Every time he thought he found what he needed the city, no The City, told him he needed sidewalks, disabled parking, streetlights, landscaping, etc, etc and they really didn't like to hear that he wasn't building a building. All that permit money and taxes they wouldn't get because he had no need for a building. Well, a small time business trying to meet the unnecessary requirements of the city just wasn't feasible so he gave up on the ownership idea and just ended up renting parking from existing businesses.
Our fees/fines/and regulations are what's driving business out of the country. In fact what's happeneing to the State of California is an amplified example to what's happening to the country as a whole. Industry has long left our state and the people and business that are here are tired of being fleeced and are
fleeing the state by the thousands per day.
Toyota Leaving California to move to Canada.
Nummi employs 5,400 people, including 4,550 United Auto Workers union positions. More than 1,000 suppliers work with the factory, which has annual payroll and benefits of $523 million, according to a plant publication.
Toyota will shift production of Tacoma pickups to San Antonio and move Corollas to its factory in Ontario, Canada.
Why California Is Bad For Innovation
Final inspection is now leaving California for Hong Kong. Better. Quicker.