Here Comes The US VAT Tax....

npnotesin · Sep 30, 2009

This will encourage outsourcing.
Not exactly what the administration should be doing when there are so many job loses.

kxvid · Sep 30, 2009

A VAT would go against Obama campaign promises of no taxing the middle class to pay for healthcare.

libertad · Sep 30, 2009

Quote from npnotesin:

This will encourage outsourcing.
Not exactly what the administration should be doing when there are so many job loses.

1000% Correct

The current administration is trying to win the race to the bottom....

And thus far....just might win it....

TraderZones · Sep 30, 2009

I have a different tax.

It is called an "importer" tax. The USA is basically the dumping ground of the world for

Anyone who imports to the USA must import 85-90% of that value back in US goods/services. Anything percentage American they import LESS than that is a dollar for dollar tariff, which goes directly into debt reduction, business supporting, or making us less reliant on foreign energy.

If they retaliate, we shut our doors to their goods and they can explain to their people why so many factories are closing in their country. Most goods can be sourced from many other countries, including our own,.

Obviously, petroleum might be excludable.

Billy Thunder · Sep 30, 2009

Quote from TraderZones:

I have a different tax.

It is called an "importer" tax. The USA is basically the dumping ground of the world for

Anyone who imports to the USA must import 85-90% of that value back in US goods/services. Anything percentage American they import LESS than that is a dollar for dollar tariff, which goes directly into debt reduction, business supporting, or making us less reliant on foreign energy.

If they retaliate, we shut our doors to their goods and they can explain to their people why so many factories are closing in their country. Most goods can be sourced from many other countries, including our own,.

Obviously, petroleum might be excludable.

That was tried in the 1930's and it was a disaster.

TraderZones · Oct 1, 2009

Quote from Billy Thunder:

That was tried in the 1930's and it was a disaster.

That was not at all what was tried. In the 1930s through the 50s and even 60s, the US was basically the big dog in manufacturing.
We sold to the world. Many countries wanted to buy American brands, icons, etc.

Now, the world sells to us. Don't know if you looked lately, but our trade deficits each month for a long time, are enormous.

And we sit by doing little. China is now preparing a Boeing-Airbus competitor. What will we be selling to China 15 years from now, wheat, chicken feet and recyclables?

Scataphagos · Oct 1, 2009

Quote from TraderZones:

That was not at all what was tried. In the 1930s through the 50s and even 60s, the US was basically the big dog in manufacturing.
We sold to the world. Many countries wanted to buy American brands, icons, etc.

Now, the world sells to us. Don't know if you looked lately, but our trade deficits each month for a long time, are enormous.

And we sit by doing little. China is now preparing a Boeing-Airbus competitor. What will we be selling to China 15 years from now, wheat, chicken feet and recyclables?

Chicken feet...Oh yeah! $.02/lb in US, $.40/lb in China. Can't miss!

Billy Thunder · Oct 1, 2009

Quote from TraderZones:

That was not at all what was tried. In the 1930s through the 50s and even 60s, the US was basically the big dog in manufacturing.
We sold to the world. Many countries wanted to buy American brands, icons, etc.

Now, the world sells to us. Don't know if you looked lately, but our trade deficits each month for a long time, are enormous.

And we sit by doing little. China is now preparing a Boeing-Airbus competitor. What will we be selling to China 15 years from now, wheat, chicken feet and recyclables?

Its called Smoot-Hawley, learn history of economics before you ramble ignorant concepts. I don't care what we are selling to anyone in the world, it's not the purpose of a free society to dictate what we import or what we sell. Free markets are for all, not just those who can't compete.

indexer · Oct 1, 2009

States could eliminate sales tax on domestic goods and double it on imported goods. I don't think the WTO has any say over what states do.

Quote from TraderZones:

I have a different tax.

It is called an "importer" tax. The USA is basically the dumping ground of the world for

Anyone who imports to the USA must import 85-90% of that value back in US goods/services. Anything percentage American they import LESS than that is a dollar for dollar tariff, which goes directly into debt reduction, business supporting, or making us less reliant on foreign energy.

If they retaliate, we shut our doors to their goods and they can explain to their people why so many factories are closing in their country. Most goods can be sourced from many other countries, including our own,.

Obviously, petroleum might be excludable.

indexer · Oct 1, 2009

Nice slogan, but we don't have free markets. We have an open US market and rigged Asian markets. One way trade.

Quote from Billy Thunder:

Its called Smoot-Hawley, learn history of economics before you ramble ignorant concepts. I don't care what we are selling to anyone in the world, it's not the purpose of a free society to dictate what we import or what we sell. Free markets are for all, not just those who can't compete.