Monday, December 06, 2010
The China Tax.
Donald Trump is known for his show called the apprentice, but he also put his two cents on the economy and how to fix it. His plan is to have a tax on all Chinese made goods. This is a brilliant idea. When China is cheating by manipulating it's currency there is no way we should just say okay. No all Government's in the world should place a 25% tax on all Chinese made goods. Then use the money you get from the 25% tax and subsidise Canadian made goods, And if China doesn't stop manipulating it's currency then the tax should continue increasing. Some would say that this is protectionism, but the reality is that China is cheating and being protectionism. I say punish China for cheating and help people in Canada get jobs not China. If all countries did this not only would China see that they would actually get more money if they stop manipulating there currency, but the unemployment rate in Canada would lower as business here are making more money.(UPDATE) Maybe this was unclear, but the tax would be placed on the companies exporting the goods from China to Canada.