Search
Recommended Sites
Related Links






Valid XHTML 1.0 Transitional

Valid CSS!
   

Informative Articles

Do You Need the Help of a Virtual Assistant?
Running a business, whether large, small or in your home, is full of challenges. Getting the day-to-day tasks completed, e-mail, faxes and telephones answered, bills and statements sent out, reports run, schedule updated, travel arrangements made,...

For Entrepreneurs A SIMPLE Plan May Be Best
Q: I own a small decorating business and I'll be the first to admit that I don't know anything about taxes or retirement plans. I'd like to set up a 401(k) or an IRA or some other kind of retirement plan for me and my three employees. What are the...

Nevada Incorporation
There are a number of benefits to Nevada incorporation, and those benefits are enough to make you want to start your Nevada incorporation process right away. However, you take some time first to learn how to complete your Nevada...

Part VI: Learn About your Home Mortgage Options
A mortgage is a long-term loan that uses real estate as collateral. A mortgage loan is commonly used for buying a home. Mortgage loans are usually fully amortizing, which means that the monthly principal and interest payment will pay off the loan...

Payday Loans: A better solution for the average American worker.
With the New Year upon us and Christmas bills starting to pile up, countless Americans are wondering how they will pay the bills and cover the taxes due in April. Payday loans are one solution to individuals feeling the crunch of bills and taxes....

 
Worse Than Tsunami, Trade Protectionism Hurts Third World Citizens


Last Thursday, I was heartened to read the news that my church, Southeast Christian Church in Louisville, KY, had collected $732,000 from its members (beyond its weekly giving) for tsunami relief in Southeast Asia. That partially offset the news I had read the previous Thursday-- as reported in the Wall Street Journal-- that tariffs imposed on Sri Lanka were nearly $250,000,000 in 2003.
Nearly all of that amount was taxes imposed on the Sri Lankan textile industry. And the amount imposed on that one foreign industry exceeded all of the tariffs imposed on all trade with all six Scandinavian countries-- despite the fact that those countries export nearly 12 times more to the U.S., have about 10 times more GDP than Sri Lanka's, and have people whose per capita incomes are far higher than those in Sri Lanka.
Why does this occur?
The textile industry in this country is one of many special interest groups that benefits from having their competition restricted. They and their politicians find it favorable to impose discriminatory taxes on foreign producers and American consumers.
In contrast to the obvious benefits for politicians and the protected industry, the costs imposed are subtle. How many consumers know that they pay significantly higher prices for clothing because of these laws? How many voters care that foreign workers and investors in poor countries are impeded in their ability to sell product within the wealthiest market in the world?
Because Christians tend to pay almost exclusive attention to relatively few (albeit important) issues, they often ignore other important policies. The passions of the Religious Right flair on issues of social morality and abortion, but they rarely think about issues of economic justice. The Scriptures, especially through the prophets, give a more balanced picture. The interests of the Religious Left are centered more tightly around the fate of the poor.
But their policy attentions in that realm are relatively narrow, focusing mostly on welfare and foreign aid. Pragmatism would seem to warrant discussion of a wider set of issues. Christian Libertarians are excited about voluntary displays of charity, but saddened that political shenanigans can so easily swamp the efforts of ompassionate people.
All that said, care for the poor and oppressed is not a strictly Christian exercise. And very few people-Christian or not-are informed about the primary and secondary consequences of significant policy issues. Although Southeast Christian Church can be pleased and honored to pay part of Uncle Sam's tax bill for the Sri Lankans, perhaps all of us should pay more attention to the larger issues of trade protectionism and the mechanics of economic justice.
by Dr. Eric Schansberg
Libertarian Writers' Bureau
http://www.writersbureau.org

About The Author

Eric Schansberg
Professor of Economics
Indiana University Southeast
author of Turn Neither to the Right nor to the Left: A Thinking Christian's Guide to Politics and Public Policy
kenngividen@writersbureau.org

Sign up for PayPal and start accepting credit card payments instantly.