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To: phil_will1
OOPs, lets try that again and get the image URL right this time :O/

We currently have a tax system which is biased toward foreign producers at the expense of our own producers.

Yep, as long as domestic manufacture is operating at a competitive disadvantage in relation to foreign imports which do not have the long U.S. supply lines with accumulative layers of income/payroll tax costs built in we can expect the world to continue to just keep spinning it same old s't, and folks blaming domestic businesses for problems created in Congress through any federal income/payroll tax system which by nature can be neither border neutral nor adjustable.

 

 

According to many economists, trade imbalances such as above are supposed to be corrected through the monetary exchange rates. Sure doesn't look to be happening above.

A retail sales tax only system operates as a tariff in bringing import prices more in line with domestic goods shifting consumers more to our own manufacture, encouraging growth of industry in the U.S., rather than acting as a disincentive to domestic manufacturing and our capacity to compete world wide.

195 posted on 08/23/2005 2:02:41 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer
According to many economists, trade imbalances such as above are supposed to be corrected through the monetary exchange rates. Sure doesn't look to be happening above.

I thought economists were infallible?

197 posted on 08/23/2005 2:07:12 PM PDT by RobFromGa (Afghanistan, Iraq, Iran-- what are we waiting for?)
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