Focus VAT mostly on Chinese imports call it a carbon footprint tax …

• Tags: China, Money, Politics, Rankings, Statistics, Taxes, USA
  

Comment on Look Who Owns The USA… by Red Comet:

Focus VAT mostly on Chinese imports call it a carbon footprint tax which it is.
On gas it got to be very careful maybe just eliminate subsidies to foreign oil but subsidize domestic energy esp alternative and energy from thorium.
You simply cannot have a healthy economy with expensive energy.

It takes 50% more energy to produce lets say a wrench or mp3 player in China then it would in the US or Mexico.

BTW I’m being conservative with that number actually it could be double if you count shipping the ore around.

Next restore the top income tax and top capital gains tax rate to 40%.

The debt would disappear in less then ten years.

Red Comet made other comments on this post:

• Look Who Owns The USA…:
  

  @ Anon 3:00 Germany and Japan are partly why I say energy must be cheap for a healthy economy their economies are in worse shape then the US’s. Efficiency can’t answer all the problems some things such as freight trains are already getting close to maximum Carnot efficiency. Then there’s the diminishing returns with increased complexity. A Prius does not get much better mileage then a Geo Metro or VW diesel which is less complex. In fact under some conditions it’s actually worse. Any engineer …

• Look Who Owns The USA…:
  

  I’ll give you a politician hogtied with a bow.

• Look Who Owns The USA…:
  

  The Treaty of Versailles specifically Article 231 planted the seeds for WWII.

• Look Who Owns The USA…:
  

  I take it you failed history class. What happens is the government gets deposed , the old monetary system abandoned and those who held the debt just have to eat the losses. This could be good or this could be bad. Mexico defaulted on their debt numerous times and installed a new government each time. Napoleon tried to collect on the debt anyway and invaded Mexico. http://en.wikipedia.org/wiki/French_intervention_in_Mexico All this really did was help contribute to the fall of his regime. In the …

• Look Who Owns The USA…:
  

  Yes it is a tariff. I gave this a lot of thought a 10% VAT on all transactions would be a bad idea. It would negatively impact the sell of durable goods. If you made VAT on everything including necessities like fuel and food it might even cause riots and justly so. But making imports of trash from China a little more expensive would not harm the economy. So some guy has to buy $40 vs 35 dollar for a DVD player he would not even complain. It also would level the playing field with other …

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