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To: central_va

Due to automation of production the wages are not so important in some industries as they were before. This means that the comparative advantage of having production in low cost countries is reduced. Thus production can come back. But the number of workers will not increase a lot, many jobs are gone forever. ‘

Instead of increasing tariffs, it would be better to reduce corporate tax to, say, 15 %. This will increase investments and be very good for the economy.


252 posted on 01/29/2017 8:21:39 AM PST by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: AdmSmith

We need a tariff and a reduction in income taxes. Hopefully if the USA raises tariff from the paltry 2% the USA now charges to say 10% then Congress will get addicted to the income and keep it in place. That would be a very good thing. This income could be used as leverage to reduce income taxes even further.


253 posted on 01/29/2017 8:27:14 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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