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

To: Arran Yuan who wrote (9677)	9/26/2006 10:25:36 AM
From: KyrosL	Read Replies (2) \| Respond to of 219572

A hefty consumption tax, on the order of 20%, like Europe, that excludes food and medicine can be counterbalanced by a reduction of other taxes. The result will be a US that relies much less on selling imports to prop up its GDP. It may cause a recession in the short term but it's in the best interest of the US in the long term, IMHO. A number of politicians start thinking along these terms. It seems to me it's an ideal way to solve the imbalances that plague the US right now. The key is to reduce the propensity to consume in the US.