Replies

We all will continue to buy the less expensive product. We need to lower the price of our products. We are losing jobs because our current tax system is a VAT. Everything is taxed from digging up the ore, to refining the metal, to making the base for a light bulb, to making the whole light bulb, to putting the bulb in a light fixture in a car, to the car itself. All of these taxes cascade down to the consumer. We just don't keep track of all the value added taxes and then reimburse them to companies that export. That's why American companies that export have a difficult time competing in the international marketplace.

We'll get our jobs back when we switch to the FairTax, a national retail sales tax. The FairTax will lower the cost of exported goods and services by an average of 22%. Watch for new jobs in a booming economy.

"We'll get our jobs back when we switch to the FairTax, a national retail sales tax. The FairTax will lower the cost of exported goods and services by an average of 22%. Watch for new jobs in a booming economy."

Great post, Highcard. This article was great in that it took a topic that is dominating the news and connected it to tax policy - which noone else in the media is doing. In addition to creating price shifts that will make US goods more price competitive, both in the US and in international markets, it would also save tens of billions of $$$ in compliance costs. Talk about a BIG increase in productivity!!

In addition, by levying the sales tax on anything sold in this country, it would work like a tariff. However, unlike US goods which would see price declines because of the removal of the current system, imports would be higher priced on an after-tax basis.

We'll get our jobs back when we switch to the FairTax....

While I agree that taxes are ruining our economy, what makes you think our beloved poloticians will give up our money?