Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Chunga85

Well. This is just one idea, but I’ll repeat it because it’s a potential solution:

As of 2009, the monetary value of American imports is almost exactly (within tenths of one percent) the same as our combined total national tax ‘revenue’.

This poster’s proposed solution, is to eliminate all taxation in all current forms - “progressive” income taxes, corporate taxes, capital gains taxes - and replace the entire tax structure with a single across the board 100% import tariff on EVERYTHING imported to America.

Not even one, single, exception. Not one.

This would keep government out of the role of picking and choosing winners and losers.

And it would in one single move, reverse the destruction of American jobs.

Immediately.


52 posted on 01/02/2011 9:01:21 AM PST by Cringing Negativism Network (McCarthy was Right.)
[ Post Reply | Private Reply | To 43 | View Replies ]


To: Cringing Negativism Network
And it would in one single move, reverse the destruction of American jobs. Immediately.

No, it wouldn't. As grand as such a tax plan would be, the destruction of American jobs has gone hand in hand with the loss of the infrastructure within which those jobs existed. The factories are no longer there. There's no "immediately" for trying to rebuild what was lost, especially as the multinational corporations have invested huge sums in building that capacity overseas.

There's no easy fix.

54 posted on 01/02/2011 9:04:55 AM PST by r9etb
[ Post Reply | Private Reply | To 52 | View Replies ]

To: Cringing Negativism Network

Briefly said, Ronald Reagan was one of our best presidents and no one in the past fifty years could hold a candle to him, Republican or Democrat (although JFK was about on a par in his public style and speaking ability). David Stockman, by comparison, is a publicity-hogging jerk.


55 posted on 01/02/2011 9:05:46 AM PST by laconic
[ Post Reply | Private Reply | To 52 | View Replies ]

To: Cringing Negativism Network
100% import tariff on EVERYTHING imported to America

That would be a good start IMHO. Trouble is - is there a single "public servant" willing to put forth the notion? Lip service doesn't count.

Unless we are willing to lock workers in a factory and pay them a bucket of beans a month we can't compete.

Countries that allow that should be prepared to sell their wares to themselves.

58 posted on 01/02/2011 9:13:20 AM PST by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
[ Post Reply | Private Reply | To 52 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson