Quote:
Originally Posted by dyna mo
Paul, those graphs are going in the right direction, things hit bottom in 2006 and are recovering.
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I think you need to look deeper into the problem.
Tax imports by 10% and the tax raised is $24 billion a month. $288 billion a year. 20% and the US, plus EU starts to dig itself out of the hole it dug for itself. The EU shows the irony of this, look at who their biggest suppliers are. Try and sell your goods to China.
The problem is your biggest market for online porn is the US. So every $ you spend in China, is a $ less spent in the US. That effects your incomes. So Barry can buy something cheaper in China, and then can't sell his product in China, and loses sales in the US because of the money he spent in China.
Add to that the coming problems of the strife poverty will bring and the eruption is coming.
I noticed no one commented on my point about the taxes paid and services demanded. With that extra disposable cash, how much is spent outside the US. And how much of your tax dollars are spent inside the US?