[phil_will1]

"You are right. Tariffs should replace income/wage/payroll tax."

As a matter of fact, a National Retail Sales Tax would operate like a tariff (at least relative to the current system)because it would raise the after-tax prices of imports. However, because US produced goods would go down in price because of the removal of the current system, they would be approximately the same after-tax.

This would accomplish what tariffs would, but would be much more defensible, since we could point out that we would be taxing imports exactly the same as domestic production.

[bvw]

An NRST plus a low tariff (10% and under, in addition to the NRST) would be like magic. There would once again be a demand for money to use for production. Currently there is no demand for such money, just give-aways that fuel consumption which given cost (including regulation, taxes, tariffs) structures are ONLY effective at moving that moeny offshore extremely rapidly.