As far as federal taxes goes I think everyone should pay 10% of all earnings.I think the solution to our economic problems is to move away from the income tax as our nation's primary source of revenue. We need to eliminate the double taxation of dividends. Make interest earned on savings tax free. Eliminate the death tax and capital gains tax. This will allow us to rebuild our investment capital and re industrialize our nation.
We need to go back to tariffs to support our government. Free trade is a great idea, but a bad reality. The good news is that we found you a job; the bad news is that it is in a rice paddy in Thailand.
Nations like China cheat and dump goods at low prices on our market until they have destroyed our native industry.
A twenty per cent tariff on all imported goods would do the trick. If someone wants to buy a fancy imported car, let then pay for it. But if they can settle for a US made car, they can save the difference.
We need to build things here and employ our own people. If this sets off a trade war, well so be it. Just what do the Chinese buy from us anyway? They bought into Chesapeake and Devon, so now they have a say so in how we develop our newly discovered shale gas.
As far as a 20% tariff on all imports are you ready to pay 10% or so more for gas and other oil products ? Just a tariff on the oil we import will raise prices on all goods. Also exports will go down putting more people on unemployment.
"They bought into Chesapeake and Devon, so now they have a say so in how we develop our newly discovered shale gas."
Just because someone buys 10 or 20% of a business doesn't mean they have much of a say in what the business does.
