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re: Protectionism is not the answer
Posted on 2/24/17 at 12:24 pm to CoachDon
Posted on 2/24/17 at 12:24 pm to CoachDon
quote:Issues? Maybe we'll have to pay more for things. So unless that's compensated with some tax reduction elsewhere, I'm not going to support something to my own detriment because the government benefits from it. I might as well just starting having the government keep some or all of my tax refund if that's the case.
Given the current trade deficit, by putting the tax on imports and not taxing exports, we raise revenue. The revenue off the border adjustment will be like $100 billion a year.
Issues?
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