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

To: TobagoJack who wrote (150349)	8/27/2019 6:39:47 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 218246

Tariffs are just goods taxes on the buyers. Trump cut income taxes but now hits purchasing, so tax paid hard earned savings are now taxed yet again when being spent. It's not a trade war. Silly China doesn't need to tax imports from USA to make Made in China people pay more. China should do as NZ did when USA charged tax on NZ steel and made quotas. Just sell to the next highest bidder. Same as when England joined the EEC and cut off sales from NZ. 7.5 billion people vs 0.3 billion Americans = plenty of customers albeit lower purchasing power on average. Nevertheless I'm in favour of taxes collected at borders where the cost of collection is low enough to justify it. A country is its borders. Better still is decimate government spending every year for a couple of decades. 10% GDP on tax should be plenty to run a country. Though maybe more than that could be collected just on road tolls, water sales, spectrum rental and tradable citizenship sales, paying the profits to citizens in yummy dividends. Mqurice