then how about lowering the tax rate on the sale of in state items.... It protects no one, it only hurts the in state businesses, cause they can't get their vig from the till.
Ever wonder why Hong Kong, an area with minimal natural resources, limited infrastructure and small populace is the number 1 economy in the world? It's not because they charge a sales tax..... to protect it's businessmen.
I’ve had the misfortune to be in Hong Kong for three years. While the tax rate is low, they get their money though the renting of land. Nobody owns the land under their house in HK. The cost of living in Hong Kong is about 25% more than NYC.
HK’s advantage is because it is an English speaking port city following the rule with perfect integration of a corporate-state next door. The Cheap Sh*t from Shenzhen has to go through the HK Ports.
And while we’re at it, Hong Kong has a state provided universal health care system. Are you proposing we should adopt that as well?