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To: Cacophonous
The best thing is tariffs in concert with rolling back the taxes and regulations

You have a choice of tariffs OR rolling back taxes and regulations. Various politicians will promise you tax cuts and regulatory relief somewhere down the road in return for your support of tariffs today.

"Somewhere down the road" will never arrive.

And imposing extra taxes on all overseas income.

Would you mind explaining how this would do anything except NEGATIVELY affect our balance of trade?

It's a tax on exports--which, BTW, is unconstitutional.

123 posted on 08/25/2003 5:49:57 PM PDT by Poohbah (Crush your enemies, see them driven before you, and hear the lamentations of their women.)
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To: Poohbah
Why Poohbay, it's not like you to just give out partial information. Tariffs would be charged on imports. As for teriffs charged on exports, other nations charge tariffs on our exports all the time, some as much as 40 percent.

Nobody said we should have tariffs and income taxes too. We would have to gutt this government like a fatted cow, but then that's what we should be doing.

Our found fathers set up a system of tariffs to finance this government's needs. Tariffs don't pay it enough to let it get in trouble. Good.

Income tax should be eliminated. Government should be about 20% of what it is today. SS and Medicare should be privatized. Creative ways can be devised to so it a lot quicker and less painfully than we've been led to believe.

Our government should take care of the Military, trade negotiations and our borders. That is it!
131 posted on 08/25/2003 5:57:54 PM PDT by DoughtyOne
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To: Poohbah
The best thing is tariffs in concert with rolling back the taxes and regulations

I would shoot for both. You are probably right in that politics would force some sort of a middle ground. The unfortunate result of that would be that watered-down taxes/regs, or watered-down tariffs, or some wierd cross, would fail (it has to be all or nothing). This would allow the liberals to claim that more taxes are needed...

And imposing extra taxes on all overseas income.

Would you mind explaining how this would do anything except NEGATIVELY affect our balance of trade?

It's a tax on exports

You are right; I was shooting out a poorly thought-out idea. Thanks for the comeuppance.

--which, BTW, is unconstitutional.

Income taxes are unconstitutional. Let's go to import tariffs instead (INSTEAD, not AS WELL AS). That is essentially a sales tax, much more equitable than the current progressive tax system.

140 posted on 08/25/2003 6:10:50 PM PDT by Cacophonous
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