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To: Lazamataz
It is quite clear that theirs is not commentary upon Federal gross revenue receipts.

No. But the point is that a tariff today specifically penalizes "the masses." First you lose 40% of your income in taxes at various levels of government, and then you end up paying a higher cost for everything you buy.

In case anyone thinks this looks familiar, this is exactly how the European system works -- and this is why the average middle-class European has a standard of living that one would expect to find below the poverty line here in the U.S.

256 posted on 07/29/2003 6:49:07 AM PDT by Alberta's Child
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To: Alberta's Child
No. But the point is that a tariff today specifically penalizes "the masses." First you lose 40% of your income in taxes at various levels of government, and then you end up paying a higher cost for everything you buy.

Products and services produced in America are unaffected by tariffs. A tariff only penalizes imported goods, and more importantly, exported labor.

Because frankly, it is not a concern to lose 40% of your income to taxes, if you don't have a job. Let's get the job first, shall we?

257 posted on 07/29/2003 6:52:33 AM PDT by Lazamataz (PROUDLY POSTING WITHOUT READING THE ARTICLE SINCE 1999!)
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