Trumps Trade War Destroys Liberty and Prosperity by Jacob G. Hornberger !
(2019-07-17 at 19:05:06 )

Trumps Trade War Destroys Liberty and Prosperity by Jacob G. Hornberger

President Trump announced this week that the United States of America is "winning" the trade war that he initiated against China. The truth is that Trump is not only destroying businesses in both China and the United States, he is accelerating the destruction of American liberty.

President Trump crowed, "We have taken in tens of billions of dollars in tariffs from China." Well, that might well be something for the federal government to celebrate, but why should the United States of American people, who are paying these taxes, be celebrating?

Of course, like any other standard conservative, President Trump conflates the federal government and the American populace.

For him and his fellow conservatives, they are one and the same thing. So, in his conservative mind, when the federal government plunders and loots the American people through higher taxes, "we" are winning because, in the conservative mind, "we" is one conflated entity consisting of the federal government and the country.

Actually though, the federal government and the United States of American people (i.e., "the country") are two separate and distinct entities, a phenomenon reflected in the Bill of Rights, which expressly protects the American people (and foreigners) from the federal government.

One of the keys to a rising standard of living across society is increased productivity. More productivity means a higher standard of living.

How do people become more productive?

Through better tools and equipment - i.e., through productive capital. How do businesses get more capital? Through increased savings among the populace. The more that people save, the more capital comes into existence, which means increased productivity, which means higher wages and increased standards of living.

Thus, the more wealth that the government sucks out of the private sector through taxes, the worse off people are because it means less savings, less capital, less productivity, and reduced standards of living.

That is why President Trumps belief that "we" are winning his trade war is so perverse. In the conservative mind, the more that the federal government collects in taxes, the more the American people are supposed to cheer.

In every trade, both sides benefit. That is because at the moment of the trade, both sides are giving up something they value less for something they value more. Thus, standards of living rise through the simple act of trade. It stands to reason that the greater the opportunities for trade, the better off people are.

Thus, President Trumps "winning" mindset is doubly weird.

Not only does he think that a higher taxes collected from the American people proves that they are "winning," he thinks that destroying opportunities for trade also shows that they are "winning."

Realizing that he has got a presidential election coming up next year and that his Democratic opponents are offering voters an array of free political candy to get their votes, President Trump is not about to stand by without offering voters his own candy.

Thus, to compensate farmers whose business has been destroyed by his trade war, President Trump is sending them billions of dollars in federal welfare.

The New York Times reports that President Trumps farm welfare totals $28 billion, while the federal government is collecting $20.8 billion in tariff revenue from American consumers.

So, Trump bankrupts United States of American farmers with his trade war, collects tariffs in the process, which he then uses to put those farmers on welfare.

And then to make up the $8 billion shortfall, he has to tax the American people even more.

And those figures do not even account for all the American businesses that have been financially damaged or destroyed by President Trumps trade war and who do not have the political clout to receive Trumps free political candy.

And he says "we" are "winning."

The worst part of President Trumps trade war?

The further destruction of United States of American liberty.

As the Declaration of Independence, which Americans just recently celebrated, points out, Americans and everyone else have been endowed with natural, God-given rights, among which are liberty and the pursuit of happiness.

At the risk of belaboring the obvious, those two rights encompass the freedom to trade with whomever a person wants.

It is each persons money, not the governments and not societys.

Freedom of trade is as much a sacred right as freedom of religion, freedom of the press, and freedom of speech.

In President Trumps bizarre mindset, the further destruction of American liberty proves that "we" are "winning."

Reprinted here with permission from Mr. Jacob G. Hornberger of The Future of Freedom Foundation!! Their Great Website!!