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To: FromTheSidelines
How are we going to tax ourselves into prosperity?

Consumption taxes are good, as a matter of fact the USA lived on them for the first 80 years of its existence. If the tariffs collected off set the comparative advantage of using third world labor, around 10%, I would say that would be taxing our way to sanity. China can't retaliate because their tariffs are already sky high.

138 posted on 10/09/2011 5:25:56 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va
Interestingly, we're close to the 10%. Tariffs brought in $132 billion. And we had about $1.3 trillion in imports. So we're at about 10% right now...
140 posted on 10/09/2011 5:34:28 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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