“Trump floats eliminating U.S. income tax and replacing it with tariffs on imports”
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If this idea works out it would not only save America’s economy it would make it thrive to a level never seen before. America would become an economic hyper-power.
Finally, people would not be “income-tax-punished” for working hard. Instead they would be rewarded by keeping their OWN money in their OWN pockets. People will be able to invest again. America’s economy would be on steroids so to speak.
Lastly, no need to pay most of the salaries of the huge IRS-army, which is a big burden on the economy.
Maybe the idea is a dream, but I like it.
When I read Alexis de Tocqueville’s ‘Democracy in America’ as part of an American history survey, I was impressed by the sense the book gave of the energy of Jacksonian America. It was like a throbbing beating heart, always moving, always growing... relentless... men working everywhere, building cities, clearing wilderness... just a sense of endless possibilities. That is what I’d like to get back to - I know we won’t be able to recreate the energy of the young republic but I’d love to regain the sense of the ‘special’ nature of the enterprise. This proposal, I believe, could provide the spark to recreate that.