Well we obviously need to raise taxes.
Consider that in the US you have:
1. A very high tax rate
2. Repressive environmental regulations
3. Confiscatory legal system run by greedy trial lawyers
4. Labor unions bent on protecting an overpaid, underproductive and unhealthy work force
One wonders how we have been able to maintain the prosperity we do have.
FairTax ping!!
Doing away with the taxation of income and replacing it with the taxation of consumption would change the whole game.
Then again, doing away with the IRS and cutting spending to 2000 levels would work too, as Ron Paul has proposed.
Either way, we’ve got to do something drastic about the tax code.
The Left always points the finger away from themselves to some outside “enemy.” Communists countries around the world deflected blame from themselves to the “Evil United States” whom they claimed were undermining all their good works. Domestically, the Left/Democrats point to “Greedy Corporate America.” Same Talking Points, same Playbook!
The International Left is behind it all!
Does this take into account VATs? I could see that a much lower direct tax on corporate profits would easily be outmatched by the VAT taxes along the way resulting in higher consumer prices and greater levels of plunder into gov’t coffers.
Well clearly we need to send more of our factories to Communists.
We need to offshore more technology and more programming.
Obviously that means we’ll fire a lot of people, who will need jobs. But there won’t be jobs. So they’ll end up working at Walmart.
And Walmart sells Chinese imports cheaply.
Therefore: America is competitive!
No problem! Everyone go back to sleep. China is our friend. Venezuela is our friend. Saudi Arabia is our friend.
We send them all our jobs, factories and money. We’re all friends. Now, hush and shut your eyes. Don’t think about the boogie man. Everything is just fine.
You’re getting sleepy...