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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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To: Willie Green
OK, sounds good but: Let's take oil as an example.
Cost per gal on tanker $1.00. Plus your tax 15% = $1.15/gal
plus refine cost etc .50/gal = $1.65/gal plus state tax .15 = $1.80/gal. Federal pump tax elimated.
Current method: Cost on tanker $1.00 plus refine .50, plus
fed tax .15 plus state tax .15 = $1.80
State tax stays since Fed's cannot eliminate it.
No matter how you do it the taxes are passed to the customer by the company. No matter what you import the result remains the same. Just any example.
16 posted on 05/13/2003 2:30:09 PM PDT by TaMoDee
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To: Willie Green
We tariff their goods.
Then they tariff our goods.
Then we tariff more..
Then they tariff more...
Viola!!Worldwide DEPRESSION!!
17 posted on 05/13/2003 2:37:01 PM PDT by kaktuskid ((Just say NO to MORONrail!))
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