We have been running more than an $800 billion trade deficit. That can’t go on for very long. Ron says we’re a debtor nation and we are.
Our manufacturing continues to move overseas to “more tax friendly” locations. We can’t exist by providing each other services. Picture everyone doing their neighbor’s laundry. We need to produce products to exist.
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the mercantilists are back!
Which is larger, taxes paid by business or payroll? (remember, the employee gets 100% of his pay check under the FairTax)