BEWARE OF politicians who've never had to make payroll or come up with a marketable product. They usually come up with dumb ideas, such as sticking a 100 percent tariff on Japanese luxury cars.
The pin-striped geniuses promoting that punitive levy
say their aim is to force Japan to open its markets to American automobiles and parts. If you believe that, I've got a tax-relief plan I'd like to sell you.
Truth is, the proposed tariff, which would take effect June 28, has nothing to do with
opening Japanese markets. Any doubt of that can be resolved by taking a tour of U.S. auto plants. Only a precious few of them -- and those include U.S. factories operated by Honda and Mazda -- are turning... Read More