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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Gib Bogle who wrote (4545)	2/27/2006 8:12:47 AM
From: KyrosL	Read Replies (1) \| Respond to of 218643

>>It is hard at this point to see what cards the US can play.<< There is a relatively easy card the US can play, provided its politicians acquire a spine made up of something a bit harder than jelly: change the tax system to encourage savings instead of consumption. A VAT similar to EU's and a gas tax equal to what other industrialized countries have will result in a drastic reduction of a lot of other taxes in the US, a dramatic reduction in oil imports, an elimination of the trade deficit, and a further improvement in the competitiveness of the US economy.