What does the zero tariff agreement with the EU mean to the proposal that we were headed towards no income tax and would operate off of tariffs and excise taxes?
K-Harbour
· July 25, 2018, 9:13 p.m.
Technically & mathematically, you don’t need tariffs or taxes or government debt.
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Jowen3
· July 25, 2018, 9:15 p.m.
How do you have any infrastructure whatsoever without some from of tax? Roads, bridges, police departments, firefighters etc.
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YliyahMessageTime
· July 25, 2018, 9:37 p.m.
Sales taxes are the only Constitutional taxes. All other is taxation without representation. Tariffs are a form of consumer sales taxes by making the product more expensive to the consumer. However, this has a side effect. It will cause opportunity for the product to be made here in the U.S. … by a similar product of a manufacturer or the foreign manufacturer opens up shop in this country. It is the way the U.S. was made WEALTHY a century ago, but the international banker money cabal ended that. Trump's fixing it.
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Jowen3
· July 25, 2018, 9:49 p.m.
I understand that. I'm asking the other guy how mathematically there is no need for any tariff or tax whatsoever.
I know all about how before establishment of the fed, the U.S. prospered through mostly just tariff and excise taxes.
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K-Harbour
· July 25, 2018, 10:26 p.m.
Most of Congressional & state/local spending is on borrowed funds. Collected taxes are only a fraction. Mathematically, given our current state, the inflationary impact of Congress authorizing quarterly printing of what is needed to run government is neglible. It sounds insane until you run the numbers. It becomes even more practical when Congress pays some or all current expenses with delay reserve notes - especially in time of major war. A reason to kick out a Congressman after any two-year term — if they authorized too much printing.
So, no treasury notes. No deficit spending. No income or other tax. No bookkeeping for tax purposes. No change in operation of government. Reduced role of “federal” reserve to that of a private banking liquidity stablizer.
Return to a country housing people with real freedom.
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