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To: Willie Green
And your solution to "trade deficit" is?
Prior to your answer, Please note in the definition you posted the word "usually".

13 posted on 05/13/2003 1:19:08 PM PDT by TaMoDee
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To: TaMoDee
And your solution to "trade deficit" is?

A shift in tax and trade policy back towards that originally favored by our Founding Fathers.
As proposed in The First Federal Revenue Law, Congress should enact a relatively low flat-rate, across-the-board "revenue tariff" of 10~15% to be levied on ALL imported goods without exception. The ineffective and damaging influence of protectionist "targetted tariffs" advocated by special interests should be banned. In conjunction with the revenues raised by such a revenue tariff, an offsetting reduction in other forms of domestic taxation will result in the desired "trickle down" ripple effect stimulating our domestic economy. Any reduction of the bloated, burdensome federal regulatory bureaucracy would also be welcome.

15 posted on 05/13/2003 1:37:45 PM PDT by Willie Green (Go Pat Go!!!)
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