You underestimate the globally influenced congress of the US. Not to mention the media that would willingly abet any international move against US prosperity. The fact that there is a WTO that tries to, and sometimes does, set international tax policy should give us all pause anyway.
You underestimate the globally influenced congress of the US. Not to mention the media that would willingly abet any international move against US prosperity.
Not at all, I have no doubt they would like to. But even within the WTO, the standard has been set to back track on that standard, they end up slitting their thoats with their own VATs.
There only recourse it to fight a political battle to prevent the enactment of the FairTax or like NRST. But once enacted, they are dead in the water by virtue of their own WTO/GATT agreements.
The fact that there is a WTO that tries to, and sometimes does, set international tax policy should give us all pause anyway.
For sure, but that is just to state the obvious, WTO/GATT should never have been agreed to in the form it exists in the first place and needs some serious trimming in the next round of GATT negotiations or dispensed with altogether as the bad deal it is.