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To: cotton1706
I'm for getting rid of the income and corporate taxes. We survived for 150 years with tariffs as the main source of revenue. And we can make money on the so called "trade deficit". We did in the past and we can again.

There's no level of tariff that would cover our expenditures even if they were significantly reduced, which isn't going to happen in the foreseeable future. As much as I dislike personal and corporate income taxes, tariff are even worse for interfering with economic efficiency. If a tariff was proposed by the Right, the Left would sign on to it and spend the money on more dubious programs.

111 posted on 02/18/2005 11:48:33 AM PST by You Dirty Rats (Mindless BushBot)
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To: You Dirty Rats

I agree that we could not survive with just tariff revenues in this period as we did in the past. But they should not be ignored as a revenue source. In my view they are preferable to income taxes. If I had my way, we'd have a national sales tax supplemented with tariff revenue. I'm for indirect taxes. They're more honest and we were a freer people when we had them.


129 posted on 02/18/2005 12:11:12 PM PST by cotton1706
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