4 ms·
We do need a simple tax code. The current mess is unsustainable, distortive (yeah, its not really a word) and costly. But taxing imports won't fix our trade i
by stretchwithme 16y ago
We do need a simple tax code. The current mess is unsustainable, distortive (yeah, its not really a word) and costly.
But taxing imports won't fix our trade imbalance. Especially if other countries reciprocate.
We are borrowing too much and consuming too much. The world MUST send us more things than we send them.
The US government has to stop spending more than it takes in and it has to stop holding interest rates so low. Only then will consumption and production begin returning to normal.
That realignment means massive, painful, but necessary change in the economy. But the sooner we choose to begin, the less painful it will be and the more we will be in charge of our own fate.