No Corporate Tax: How to fund Defense?

[oyarde]

Bullshit.We repudiate the debt in toto and in one fell swoop. It is rotten to the core and is therefore illegitimate. Not a soul in these United States owes so much as a red cent toward this falsely assumed debt. Dissolve the Federal Reserve Bank, seize its assets as well as those of all its members. Hunt those men down globally, capture them, try them, convict them, sentence them, and publicly execute every last one of them, broadcast live to the entire planet as a warning to anyone who trespasses upon us.

Were I king the world would clamor to trade with the good people of the USA. Likewise they would lose control of their basic bodily functions and quake in their shoes at the very hint of a thought of crossing us. THAT is what we should be. Free, strong, friendly, kind, fair, and implacable when offended.

I like it

[LibForestPaul]

Those "foreign entities" add the tax onto the price of goods. US manufactures would lose a lot of competition from foreign goods and would be freer to raise their prices. Then if we have a high tarrif on their goods, the other country responds by rasing tarrifs on goods they buy from us- meaning we lose jobs for exporters. Another effect is that as the tariffs are added, the demand for and value of imported goods fall which means you need even higher tariffs to obtain the same level of revenues you were counting on.

http://www.investopedia.com/articles...#axzz1nYu2WRUT


It may seem like you are getting government spending free- paid for by foreigners, but that is not the case- they will be in the prices of things you purchase. The taxes are simply better hidden and you are paying them more discretely. No free ride.

How much trade did Americans have with China over its first 100 years? Did America prosper over the first 100 years. The answer is yes.

[Zippyjuan]

To fund today's government via tariffs would require some pretty high tariffs (as I indicated) which would definately effect the economy. It could adjust but would take a long time to get domestic industry up to a level high enough to replace imports- especially oil imports which would effect the prices of everything. What would otherwise be inefficent businesses which would be forced to close due to competition would be allowed to survive- a misallocation of capital?

[oyarde]

To fund today's government via tariffs would require some pretty high tariffs (as I indicated) which would definately effect the economy. It could adjust but would take a long time to get domestic industry up to a level high enough to replace imports- especially oil imports which would effect the prices of everything. What would otherwise be inefficent businesses which would be forced to close due to competition would be allowed to survive- a misallocation of capital?

I am not convinced it could be done , or that it would be prudent now.......

[Danke]

Bullshit.We repudiate the debt in toto and in one fell swoop. It is rotten to the core and is therefore illegitimate. Not a soul in these United States owes so much as a red cent toward this falsely assumed debt. Dissolve the Federal Reserve Bank, seize its assets as well as those of all its members. Hunt those men down globally, capture them, try them, convict them, sentence them, and publicly execute every last one of them, broadcast live to the entire planet as a warning to anyone who trespasses upon us.

Were I king the world would clamor to trade with the good people of the USA. Likewise they would lose control of their basic bodily functions and quake in their shoes at the very hint of a thought of crossing us. THAT is what we should be. Free, strong, friendly, kind, fair, and implacable when offended.

Exactly. With our military. How would the "creditors" collect? If we really had people power (ie, the states).

[Zippyjuan]

Most of the debt is not held by foreigners. Instead a lot of it is in retirement and other investments in the US. Our total debt is $15 trilllion and one third- or $5 trillion- is foreign held. http://www.treasury.gov/resource-cen...uments/mfh.txt The largest chunk is in Social Security.

[virgil47]

To fund today's government via tariffs would require some pretty high tariffs (as I indicated) which would definately effect the economy. It could adjust but would take a long time to get domestic industry up to a level high enough to replace imports- especially oil imports which would effect the prices of everything. What would otherwise be inefficent businesses which would be forced to close due to competition would be allowed to survive- a misallocation of capital?

Only if government spending remains as it is. Cut the spending substantially and tariffs can comfortably pay for what is left of government.

[virgil47]

"Defense?" Are you kidding? The best defense in this case is not to have an offense. Standing militaries are ALWAYS meant to keep the people down. They're a jobs program that also secures the government authority structure. Military security means security for rulers, not the people.

Bottom line. At the federal level the US needs a coast guard, a border patrol, and an air defense system. You're talking $50 billion max per year.

Who's going to attack us? I mean really. Mexico? Not with any military they aren't.

Al Qaeda attacked us because of our meddling. Stop meddling and we don't get attacked.

So you are a supporter of the draft? With no standing army the draft would be the only way to assemble an army rapidly enough to defend our country should we be attacked.

[GeorgiaAvenger]

Occum's Razor at it's finest.

"You cannot invade the mainland United States. There would be a rifle behind every blade of grass."

There's your Foreign Policy, BITChEZZZZ. The 2nd Amendment IS foreign policy in many ways.

Unfortunately we can be obliterated by bombs.

[GeorgiaAvenger]

I believe in corporate tax.

It is a embedded sales tax. One of the reasons I think the FairTax has a lot of merit.