Trump’s Pages of Accomplishments

Looking at national polls and predictions, it’s easy to get discouraged about President Trump’s reelection prospects.  Even with Joe Biden losing his mind, and the pick of a radical, authoritarian Kamala Harris as his running mate, “Sleepy Joe” is managing to stay up by hunkering down.

On our side there’s grumbling that Trump hasn’t done enough—on immigration, on law and order—and those aren’t entirely warrantless grumbles.  Republicans squandered—perhaps intentionally—an opportunity to fund the construction of the border wall while they controlled both chambers of Congress.  John McCain pompously and vindictively voted to keep the odious Affordable Care Act in place, a clear parting shot at Trump.  Trump did not seem to offer a robust response to the CHAZ/CHOP fiasco, but is now belatedly defending federal property in Portland, Oregon.

Those critiques aside, it’s worth remembering what Trump has accomplished—and he wants you to be reminded.  That’s why he gave Breitbart a six-page document of his achievements.  They are substantial—and make him one of the greatest presidents of the last fifty years.

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TBT: End the Income Tax

Last week I went through the annual ritual of paying my income taxes.  For the second year in a row, it’s been a painful experience.  I’m finally at the point in my life where I end up owing money to the federal government, which has only made me more conservative, if that was possible.

Part of the problem is that I slam so much money into my retirement (the legal annual maximum each year into my HSA, my 403(b), and my traditional IRA) that even with increases to my federal withholding, I still fall short.  It’s because a good chunk of my income in 2019 came from private music lessons, gig guarantees, tips, and merch sales at gigs.  I brought in around $9099 from those combined (with the lion’s share of that revenue coming from private music lessons).  My brother tells me I’m probably going to have to start filing quarterly, although The Virus has pretty much killed that side business for the time being.

My taxes took hours to complete, too, as I painstakingly recreated all the mileage I drove for lessons and gigs (now chastened, I am going to maintain a mileage log in my vehicle).  Combined, I drove around 6011.4 miles last year just for lessons and gigs.  WHOA!

Of course, the IRS is now privy to all of that information.  I keep a very detailed budget, and carefully track every transaction, cash or otherwise.  And, naturally, no good deed goes unpunished.

Wouldn’t a national sales tax be easier, and less invasive?  Or maybe a restoration of the old-school tariff regimes of the nineteenth century?  Sure, the congressional battles over tariffs nearly brought South Carolina’s secession in 1832-33, but I’d rather importers pay more (yes, yes—I know the costs will passed on to me, the consumer) than have to divulge my every move to the feds.  Plus, I’d gladly pay another couple of hundred bucks for my washing machine if it means an American worker gets a job and can have some pride in working.

Anyway, the tax man has gotten his share, and I’ve received a decent refund from the great State of South Carolina, so that eases the pain.  Of course, I’m still patiently awaiting my inflationary TrumpBux.  I suppose beggars can’t be choosy about their government’s preferred form of institutional shakedown.

With that, here is 15 April 2019’s “End the Income Tax“:

Today is tax day.  Despite President Trump’s signature tax reform, I ended up owing money to the feds for the first time in my adult life (although I’ll be getting a bit back from the State of South Carolina).

The income tax used to be unconstitutional in our Republic.  Indeed, the primary way that federal government gained revenue was from tariffs on imported goods and excise taxes on certain products, like whiskey.  Alexander Hamilton advocated for high protective tariffs to protect young domestic industries from British manufacturers, who were “dumping” cheap British goods into the infant nation (a practice China has taken up today).  Only during times of war, such as the American Civil War, did Americans have to endure a tax on incomes.

Like most odious, liberty-killing measures, the income tax was a Progressive Era project, ratified in the 16th Amendment (followed shortly thereafter by the 17th Amendment, which made US Senators directed elected, and the 18th Amendment, which prohibited the manufacture, sale, and distribution of alcohol).  Progressive reformers assured Americans that only a very small proportion of Americans would ever pay the income tax, which was graduated from the beginning.

That claim was true… for the first year.  Immediately, Congress began ratcheting up tax rates and requiring more Americans to pay it.  Governments are hard-pressed not to exploit a newfangled method of raising revenue.

The income tax is not all bad:  it’s a more stable source of revenue that tariffs, which depend upon foreign imports.  No imports, no taxation.  Advocates for the graduated income tax, like Tennessee Congressman and future Secretary of State Cordell Hull, argued that, in the event of a major war in Europe (which broke out a year after the 16th Amendment was ratified), international trade would fall, bringing collected duties down with it.  That was a prescient observation, and a strong argument in favor of some kind of domestic tax.

That said, the income tax is incredibly invasive.  Every year, I lament that the federal government has to collect so much information about me:  where I worked during the fiscal year, how I saved my money, etc.

According to Scott Rasmussen, 52% of Americans favor repealing the 16th Amendment.  Count me among them.  The income tax gives the government far too much influence over our lives, and the federal tax code is so byzantine and full of carve-outs and exemptions, it’s become the purview of the well-connected.  It’s become a corporatist monstrosity.

What would replace the income tax?  Given that it’s likely never to be repealed—governments don’t typically diminish their power (or access to other people’s money)—the question is largely academic.  Still, it’s worth considering.

While I think tariffs can serve a useful purpose (see also: bringing China to heel), and that there’s an argument for some mild protectionism, high protective tariffs like Republicans championed after the Civil War would be ruinous to trade.  The deadweight loss (destroyed economic activity) associated with tariffs—especially from the inevitable retaliatory tariffs other nations would pass in response—would do more harm than good, and could result in a Smoot-Hawley Tariff of 1930 situation (i.e., the Great Depression).

The only realistic alternative that I see currently (from my admittedly myopic position) is a national sales tax.  There are some serious drawbacks to this approach, to be sure, but it would be the cleanest, most efficient way to generate revenue.

A national sales tax would encourage saving and work, both of which are currently disincentivized under our current tax regime.  Instead, purchases would be disincentivized, which would hurt sales, but encourage people to hold onto more of their money.  Further, it would not require the government to keep elaborate tabs on every worker; the Internal Revenue Service could be greatly reduced, or even eliminated.

Of course, any tax is a necessary evil, and a national sales tax would make it more difficult for high sales tax States to raise revenue (as it would limit those States’ ability to increase their taxes if necessary).  It would also slow purchasing, and necessarily raise prices (by definition, especially if you’re tacking 15-25% on top of a good).  There’s also the question of whether a sales tax should just apply to consumer goods, or if it should be an uber-expensive value-added tax, with each economic transaction along the chain of production getting taxed.

Those are sticky questions for wonkier types than I to sort out.  But wouldn’t it be nice to build an economy on the production of real value—of stuff—rather than one built on ever-expanding sales, purchasing on credit, and debt financing?

Regardless, the federal income tax is a major imposition, an invasive intruder that enters our lives every April, borrowing from us (without interest!) throughout the year, and intimidating us with the looming threat of disruptive audits.  It seems everyone would be happier—even, in a way, the feds!—if it were eliminated.

Phone it in Friday VIII: Coronavirus Conundrum

It’s been another crazy week here in the world of yours portly.  The quarter is coming to a close, and I’ve got a mountain of ungraded quizzes and tests to slog through to appease the gods of higher education admittance.

Ergo, it’s time for a very special coronavirus (or “COVID19,” for your cool kids) edition of Phone it in Friday!

  • Tomorrow’s SubscribeStar Saturday will be a detailed rundown of what I’ve been doing to prepare for the extremely remote possibility that we all get quarantined in our homes and have to practice social distancing to avoid spreading the bug any further.  Here’s the short preview:  I bought a bunch of rice, beans, and spaghetti.
    • On that note, I’m yet again flummoxed by fears of everyday hunger in America.  Ten pounds of rice came to about $7; same with the spaghetti.  Twenty cans of beans cost around $12.  You can eat—maybe not well, but enough to survive and function—for a month for extremely cheaply.  Whining about “hunger” in the United States is a farcical outlier.
    • I am thankful to live in the United States, a country with the best medical system in the world, and the means to treat most diseases.  I’m optimistic that the virus will pass through quickly
  • Was it bat soup, or a Wuhan biological weapon?  Either way, I think we’ve seen the wisdom of the trade war with China, even though we weren’t anticipating something like a Chinese-created pandemic.  The coronavirus exposes the weaknesses and contradictions at the heart of China, and puts lie to the notion that this is a “Chinese century.”  I’ll be glad to be done with such rubbish.  The Chinese have come far, yes, but it turns out a totalitarian regime built on a culture of death and lying (“saving face”) can only snooker people for so long.
    • That doesn’t mean that China will no longer pose a threat.  Indeed, I believe China to be our biggest geopolitical competitor.  All the more reason to relocate industries back to the United States, or at least to friendlier countries like Vietnam, rather than deal with the Chinese.
    • For the best treatment of this subject, read blogger Didact’s essay “Corona-chan Comes for You.”  He spells out the economic threat of the coronavirus, and how the whole thing is likely the result of Chinese incompetence and the insane cultural concept of “face,” in which it’s better to lie (in the Chinese mind) than to risk bringing shame to your family.  Concepts like that make me glad to live in the United States.

My hope is that after all is done, China will be a pariah, no longer vaunted as a power on the rise, but maligned as a malicious, mendacious regime.

That’s it for this brief Phone it in Friday.  Wash your hands, stock up on dry goods, and stay healthy!

—TPP

Trump Stands for Us

My blogger buddy photog at Orion’s Cold Fire is enduring some bleak New England weather.  Apparently, the bracing cold and gale force winds have sharpened his already-considerable analytical skills, as he’s been killing it lately with his posts.

He’s written a post, “The Unique Value of the Trump Presidency,” which perfectly encapsulates what Trump’s presidency means to the forgotten men and women of this country.  photog rattles off a laundry list of reasons different kinds of conservatives might like Trump—his judicial appointments, his less interventionist foreign policy, his trade war with China—but hones in on the key reason Trump matters:  “… there is actually a much more important aspect to the presidency of Donald Trump that should be emphasized.  He doesn’t despise us” (emphasis photog’s).

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Trade War with China is Worth It

There’s a lot of disingenuous scuttlebutt flying around about a looming recession, the inverted yield curve, and the costs of the trade war with China.  I can’t help but think such doom and gloom reporting is part of an effort to undermine President Trump.  Investor and consumer confidence are emotional, fickle things, based as much on feeling as they are on hard economic data.

As such, I suspect that major media outlets are attempting a bank-shot:  scare investors and consumers enough, and they panic into a recession.  President Trump’s greatest strength at present is the booming economy and low unemployment rate; take that away, and loopy, socialist Democrats have a much better shot in the 2020 elections.  With Leftists like Bill Maher actually hoping for a recession to unseat President Trump, that’s not a far-fetched speculation at all.

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Trade War Favors the United States

Thanks to my dad for sending along this piece from stock guru and madman Jim Cramer about the trade war with China.  I’ve been writing a great deal lately about economics (including the “Lazy Sunday IX” and “Lazy Sunday X” compilations), and I share Cramer’s nuanced view of the trade war and Trump’s tariffsGlobalization of capital is not an unalloyed good.

Cramer gives a nuts-and-bolts rundown of this latest round in the trade war with China.  Monday saw a big selloff in the market, as investors panicked about China slapping tariffs on American goods.  As Cramer points out, the biggest loser is Apple, which is also reeling from a loss in the Supreme Court that will allow a class-action monopoly suit to go ahead against the tech giant.

The two other companies that will most be affected are Boeing and Caterpillar.  Cramer points out—as does President Trump—that there is a huge backlog of potential customers waiting to purchase jets from Boeing, and Caterpillar made a deal with the devil, so screw ’em.

Otherwise, the Chinese dragon looks a lot more like a paper tiger.  In addition to blocking imports of liquefied natural gas—like jets, a product that the rest of the world is clamoring to import from the United States—China targeted a laundry list of foodstuffs:

…[W]hen the Chinese unveiled their retaliation list it was pretty pathetic. I am going to list some of them because you are going to know how little ammo they really have. Here’s the guts of the list: beans, beers, Brussels sprouts, cabbage, carrots cauliflower, broccoli, cucumbers, potatoes, sweet potatoes, rabbit meat, frog legs, almonds, cashews, apples, pineapples, dates, figs, mandarin oranges-mandarin!-hazelnuts, pears, macadamia nuts, whey as in curds and whey although curds aren’t on the list, eggs, butter, pasta, rice, corn, eels, trout, chickens, turkeys, peanuts, cakes, wine, wheat and then here’s some odd ones: televisions, DVRs, and cameras.

Note that those farm products are the necessities of life.  The production of televisions, DVRs, and cameras, as Cramer notes wryly, has been wiped out Chinese competition already, so they’re absurd non sequiturs.

I had a friend lament the collapse of the soybean farmers because of the trade war.  While I sympathize with the farmers, one could be forgiven for thinking this an example of missing the forest for the soybeans.  Someone else will buy the soybeans, and our generous farm subsidies will dull the pain of any major losses.

That’s all to say that soybeans and temporary market disruptions are a small price to pay to restore the American economy and to hobble China’s.  China is a far more serious geopolitical and economic threat than the Russian boogeyman (not to say Russia isn’t a threat), yet we’ve kow-towed to their authoritarian corporatism for decades, with ruinous results.

Yes, some products will cost more.  I spoke with a repair technician about doing some work on an old saxophone, and he said, “Your buddy Trump is why parts are so expensive.  As soon as the trade war started, prices for parts jumped 1000%.”  Based on the value he placed on my pawn shop Noblet, I’m assuming he’s engaging in a bit of genuine hyperbole.

Regardless, the technician lamented the decline of the once-great American instrument-making industry (huge in Elkhart, Indiana), saying that parts are made in China and other countries, with only a few horns still assembled in Indiana.  He mentioned, too, that Gretsch “sold its soul to the devil” as a result of cutting corners and relocating abroad to save costs.

Again, his fixation was on the high price of parts—but those parts could be made here again, at a higher-quality and lower cost.  Elkhart could once again become the global capital of instrument manufacturing, and saxophones wouldn’t be cheap, leaky Chinese toys.

In the short-term, the trade war will be painful for some investors (although Cramer argues that this latest round will calm down as early as today, with investors getting over their textbook-based fear of a Smoot-Hawley Tariff situation), and in the long-term, trade wars tend to produce only losers.

But in the Chinese case, it’s worth some short-term pain, and the disruption of reallocating resources, to regain our economic dominance against China.  Anything we can do to hobble their rise is a net benefit for the United States, East Asia, and the world.

Lazy Sunday IX: Economics, Part I

I followed a fairly standard political-philosophical trajectory to where I am now. Back in my salad days, I was a big Milton Friedman fanboy (in many ways, I still am).  His works, particularly Capitalism and Freedom, compelling made the case for many things I already believed, and made me love liberty even more.

I skewed heavily into libertarian territory (without every fully becoming a capital-L Libertarian), and came to believe that, in most cases, free markets could (and, in some golden future, would) solve virtually all of humanity’s problems, as history Whiggishly improved more and more with each passing year.  Efficiency would free humanity from drudgery, and we’d all have plenty.

Indeed, that is, in many ways, the story of the modern West:  greater efficiency and economic fluidity has yielded material wealth unparalleled in human existence.  Capitalism works quite well at alleviating material misery.

But there’s the rub:  as I’ve grown older, gradually amassing a nest egg and hustling constantly, I’ve come to understand that, as nice as material abundance is, it is a false god (as is the neoliberals’ lust for ever-greater efficiency).  Despite our great wealth and our cheap, shiny, plastic baubles from China, America’s are culturally, morally, and philosophically miserable.

So, for the next two Sundays I’ll be featuring posts on economics, a topic I believe should be regarded as one of the humanities, rather than a social science.  I still believe capitalism is the best possible economic system ever devised, and does a great deal to secure liberty for individuals and nations (as Milton Friedman wrote, economic freedom is a necessary precursor to political freedom).  That said, I’ve adopted Tucker Carlson’s formulation that capitalism should work for us, not the other way around.

To that end, here are this week’s pieces on economics:

  • 4.8% Economic Growth?!” – this very short post relaunched this blog.  The TPP 3.0 Era, as I call it, kicked off with my move to WordPress.  It trumpets the incredible growth of the Trump Administration and its economic policies. After years of sluggish “recovery” under President Obama, the Trump Renaissance breathed fresh life into our moribund economy.
  • Q&A Wednesday – Tax Cuts, Trade Wars, Etc.” – I adapted this post from a response I wrote to some Facebook comments from two of my most loyal readers.  It details my evolving views on tariffs—essentially, that instead of opposing nearly completely, I now see their utility.Towards the end of this essay, I address an idea I’ve been kicking around:  that it’s better to subsidize workers through protective tariffs (thereby giving them work, and a sense of purpose) than simply to hand out money or administer costly welfare programs.

    I developed that idea more fully in the next essay on this list.  It goes to the idea that people—and, I would argue, specifically men—derive a great deal of their sense of self from their work.  This understanding is closer to the term vocation than it is merely to “work,” the distinction being that vocation is work that is both productive and fulfilling—it’s work in a higher sense, beyond merely providing for one’s basic needs.

  • The Human Toll of Globalization” – this post was inspired by a lengthy Breitbart piece about the costs of globalization, and is of a piece with the previous essay.  Therein I explored the idea, mentioned directly above, that work is ennobling, and its benefits go beyond a paycheck.  There is a quiet, affirmative satisfaction to doing something and doing it well.  Why else would I blog daily with zero revenue?
  • Global Poverty in Decline” – lest you think I’ve jettisoned the old Friedmanian views completely, this short post—based on a Rasmussen Number of the Day—deals with the decline in global poverty in the last few decades.  That decline is, truly, astonishing.  A good chunk of it came with economic liberalization in China, which has come, in part, at the expense of the United States, but it also reflects the benefits of economic liberty across the globe, particularly in the former Soviet bloc countries.For all the potential moral hazards of excessive material wealth, there’s no denying the inherent morality of a system that prevents starvation, malnutrition, and homelessness, all with only minimal government coercion and interference.  That’s pretty remarkable, and one reason we should be careful to protect capitalism, even as we seek to rein in its more destructive tendencies.

That’s it for this XXL (that’s “Extra-Extra-Large”) edition of Lazy Sunday.  Enjoy!

–TPP

Other Lazy Sunday Installments:

Trump’s Economic Growth Isn’t Due to Farm Exports

President Trump has enjoyed massive economic growth since his election, much less his actual inauguration.  The latest economic growth numbers for Q2 put the annualized rate of growth at a whopping 4.1%.

Naturally, the progressive Leftists are grasping about for any explanation they can to account for this growth, or to downplay it.  One of the more novel proposals is that the only reason growth is so high is because farmers are rushing out their exports to other nations ahead of planned tariffs—and the retaliatory measures they will garner.

While I’m willing to concede these premature exports may account for some of the growth rate in Q2, I doubt very seriously that there are enough additional soybean exports to China in a three-month period to bump the entire economic growth rate by more than a fraction of a percent.

Consider all the factors at play here:  the 2017 tax cut, specifically to the corporate tax rate, created a yuge incentive to companies to repatriate dollars held overseas, and made American companies internationally competitive again (prior to the cuts, our corporate tax rate of 35% was one of the highest in the developed world).  The easing of pressure on corporate rates and individual income tax rates have boosted business and consumer confidence, and wages have increased as unemployment continues to fall.

Even before the passage of the tax cut, deregulation within the executive branch began stimulating the economy.  In his famous Gettysburg campaign speech, in which then-candidate Trump put forth his reform agenda for the United States, he promised an executive order requiring the removal of two regulations for every one new regulation written.  In classic Trumpian fashion, the President delivered—and then some:  in 2017, the Trump administration cut a whopping twenty-two regulations for every one regulation passed.

The one-two punch of deregulation and tax cuts has juiced the engine of the economy with rocket fuel, but the media loves to run with the narrative that it’s all smoke-and-mirrors, and we’re only enjoying this growth because a bunch of farmers rushed out exports early.

They push that story for two reasons:

1.) They can’t give Trump credit for anything positive

2.) It draws attention to the downsides of tariffs, and the cloying sentimentality of the farmer struggling under Trump

I have a great deal of respect for farming and the rural life, but these aren’t Nebraska homesteaders or Jeffersonian yeoman farmers we’re talking about.  Not that that matters—big corporate farms shouldn’t be punished for being big; I’m merely cautioning readers to take such rhetoric with a massive dose of soy (actually, pick something else; we don’t need anymore soy boys).  The mainstream media is going to spin this story in the most maudlin fashion possible.

Tariffs historically have hurt farmers, who often pay the price of tariffs both ways:  they pay more imported goods, and they struggle to access foreign markets competitively when they export their products.  And, as I wrote recently, I don’t think tariffs are without their costs.

That said, there’s no way Q2 GDP growth can be driven solely, or even mostly, by farm exports.  Further, it seems that such robust growth makes tariffs more affordable, in the sense that the United States can spare a few decimals of growth in exchange for greater protections of worker.

Finally, tariffs-as-bargaining-chip seems to be working.  China’s economy is in free-fall, and the Chinese have to eat.  Even with tariffs on US soybeans and other farm products, China needs what we’re growing more than we need what they’re churning out.

In short, stay the course, President Trump.  Rebalance our trade agreements, make the income tax cuts permanent, and keep regulations light.

The Human Toll of Globalization

Last week’s posts shared a similar theme:  the costs of unbridled free trade; the benefits of cutting corporate and income taxes to unleash economic growth; and the human side to economics that academics tend to miss.

The first and third topics referenced above came into sharp relief as I read an excellent piece by Chadwick Moore, “Left for Dead in Danville: How Globalism is Killing Working Class America.”  It’s a long-form piece of journalism for Breitbart, but it is well worth the read.  I encourage all of my readers to set aside twenty minutes to read it and its terrifying account of globalization gone wrong.

My post today simply seeks to offer up a summary of Moore’s findings, presenting them in an easily-digestible form for those who don’t have the time or inclination to read his full-length piece.

The conceit of the piece is simple:  Moore visited Danville, Virginia, a former textile mill town located on the Dan River, and very close to North Carolina.  The town was once—and “once” doesn’t mean “a hundred years ago,” but about twenty years ago—a thriving town that supported a solid middle-class through its robust textile industry.  Civic pride was abundant, and the Dan River Mill supported a number of youth and community activities and functions that are familiar to anyone who has grown up in a small town.

Then came NAFTA in 1994, followed by China’s entrance into the World Trade Organization in 2000.  After years of struggling to compete with foreign competition, Dan River Mills shut down in 2006 (it had been open since 1882).

As the town’s economy declined and unemployment skyrocketed, social problems grew.  Drug use increased dramatically, as did crime, and formerly-safe, middle-class neighborhoods devolved into dangerous slums.  More than a quarter of the town’s population is on food stamps.

Race relations also grew worse.  The town had enjoyed peaceful, working relationships between black and white citizens, who worked together happily in the mills and other businesses.  Now, the KKK plans rallies, preying off the desperation of the unemployed (the town is roughly half white, half black).

Moore gives a good bit of space to quoting Michael Stumo, the CEO of the Coalition for a Prosperous America.  Stumo elegantly explains the problem in Danville—as with many other small towns in Middle America—tracing it to China and the World Trade Organization.  Some choice bits to chew on:

“‘When China joined the WTO in 2000 with 1.3 billion people underemployed, it began pulling them out of the rice paddies, the farms, and rural areas, and putting them to work. The Chinese under-consume. They produce more than they consume, [in] a country that’s four and a half times as big as ours and relying on the American consumer to fund their path to wealth and doing so with a state-directed economy, which is different than communist, it’s a strategic mix of state capitalism with a little bit of private sector in it. We always thought communism would fail, but China found central planning 2.0 and is pretty good at it,’ he says….

‘We have free trade within the 50 states,’ Stumo says. ‘By impoverishing our middle class with this offshoring driven by free trade policy, you’re killing the U.S. consumer market, which drives growth, because they have no money. Five or ten percent cheaper prices is overwhelmed in this stage by lack of production and stagnant wages,’ he says. ‘The U.S. middle class cannot afford to fund the rise of other countries anymore.

‘Industry doesn’t stand still; industry is always incubating—you give up the jobs, the wealth creation, the supply chain clusters in communities, and that affects the service sector around them,’ Stumo says. ‘You pull those plants out, and a lot of people are out of work, and then the whole general wage level drops because burger-flipping isn’t an upward pressure on wages, but production is.'”

A degree of globalization, in an age of mass transit and mass communications, inevitable.  And open trade with lower tariffs generally is beneficial.  But naïvely-open trade with dishonest trading partners with slave-level wages primarily benefits the dishonest party.  Yes, there are some winners in the United States—I certainly enjoy a higher quality of life because of cheap electronics from abroad, for example—but as I wrote last week, isn’t it worth paying a little more for your television or washing machine, if it means an American keeps his job.

My thinking on this is simple:  the actual, physical and mental of work, in and of itself, important.  Yes, we could pay everyone a guaranteed basic income, or help people through more assistance programs (ignore the astronomical costs of those programs for the moment), but even if they worked beautifully in the material sense, they will, in the long-run, lead to a deterioration of real skills and, more important, a spiritual vitality.

I strongly believe that the three keys to happiness are faith, family, and work, in that order.  Work is ennobling, even if it is unpleasant at times.  As such, if the government is going to do something, would it not be wiser to offer assistance that requires work?

Tariffs accomplish this goal to some extent, and are entirely constitutional (indeed, one of the authors of the Federalist Papers, Alexander Hamilton, argued for them as Secretary of Treasury).  They also produce revenue for the federal government, and could be used to offset further reductions in corporate and income tax rates.

Ultimately, the social and civic costs of unbridled, unfocused free trade seem too steep.  Read Moore’s observations about the flood of drugs and despair into this once-civic-minded, prosperous town, and understand that the 10% discount you enjoy on your consumer goods is seldom worth the human toll.

To clarify once again, I’m not arguing we return to the massively high tariffs of the late-nineteenth and early twentieth centuries.  That would be economically disastrous in other ways, and would further enhance our federal government’s penchant for corporatist back-scratching and favoritism.  But some judicious, targeted tariffs, especially against nations like China, are wise.  Why should we be subsidizing China’s growth at the expense of our own?

One final thought:  as I wrote Friday, a married man used to be able to raise his kids on a gas station pump-boy’s salary.  Sure, life was lean, and there weren’t a ton of crazy gadgets to play with or luxuries to enjoy, but the kids grew up well enough and the wife could stay home to raise them.  Are we really that much better off now, when both husband and wife slave for 40+ hours a week (and usually longer), outsource their parenting responsibilities to daycare and public schools, and can’t get out from under student loan, home, car, and consumer debt?

There are a host of factors driving the modern scenario of today versus the “blue-collar father” of yesteryear, but surely one economic solution is to stop burrowing out our families and towns in favor of frosty, urban cosmopolitanism and aloof globalism.  I care about the people of China, and I’m glad to see they’re no longer trapped in rice paddies and collectivized farms, but—like our great President Trump—I care about my country and fellow countrymen first.  So should the United States government—it’s job is, literally, to put Americans first.