Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Government tax policys never workout as intended. Some locality will always have relatively cheaper alcohol, tobacco and gasoline.
In Michigan for example there is a bottle deposit law. On the flip side, Canadians from Ontario can save a bundle on groceries shopping and filling up at Detroit area Costco’s and Sam’s Clubs. Before covid I was amazed by the number of cars with Ontario plates.
In further news, an long lasting outbreak of male chastity would bankrupt the oldest profession….