Some would argue that they're not doing a very good job at this, but I agree in principle. We would not be "slamming the doors" to foreign products. We would be: 1) Changing out tax system to more resemble Europe's Value Added Tax (VAT). They tax the heck out of products based on their value added during manufacture. This system would simply base the tax on the value at the time of sale. This would result in, say, a 27% sales tax that causes a $40,000 Lexus to cost maybe $50,800, but the $40,000 Cadillac's price would go down to maybe $35,000 due to the income tax going away, and then getting the 27% tax raising it back up to $44,450. Maybe GM wouldn't go bankrupt with that sort of compebreastive advantage. 2) Eliminate personal and corporate income tax. We can certainly eliminate a tax to become more compebreastive, can't we? It is most definitely in the interest of the American people that we do everything we can to maintain and improve out standard of living. Already, some of Europe's countries are said to have a higher standard of living than we do, although I don't know how they measure that. But the more people we have that do well, the more pleasant life will be for all - the ones that aren't cast into poverty by having their jobs going overseas, and those that remain employed but would otherwise be charged either directly or indirectly with taking care of them. Dave Head
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