07-10-2008, 09:27 PM
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| Banned | | Join Date: Jun 2008
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Quote:
Originally Posted by GunnyL  Sure. Taxing us to death and taking all of our disposable income has nothing to do with it. I know! Let's raise taxes! That'll fix EVERYTHING.  |
I didn't get that Taxing was the proposed solution...i thought this was a key phrase from the article: What can be done? The US economy has been seriously undermined by offshoring. The damage might not be reparable. Possibly, the American market and living standards could be rescued by tariffs that offset the lower labor and compliance costs abroad.
Coupled with this:
Another alternative, suggested by Ralph Gomory, would be to tax US corporations on the basis of the percentage of their value added that occurs in the US. The greater the value added to a company’s product in America, the lower the tax rate on the profits.
And that's a restructuring of incentives...not just some blind rob-the-rich approach...incentives are different, and maybe, life saving for our melting economy.
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