[meadsjn]

Where does government plan to get its revenue? Income tax revenue is already on the downward slope and will drop more steeply as wages continue to be depressed below the taxable level.

Even if the government shifts to a sales tax, people without money won't be shopping, at least not for new products. Indians and Chinese won't be buying American products or shopping in America.

It looks like the US consumers and workers are just about bled dry, and the business and government parasites are ready to move on to another host population to feed upon.

[neutrino]

It looks like the US consumers and workers are just about bled dry, and the business and government parasites are ready to move on to another host population to feed upon.

I agree with your analysis. It's too bad that Americans are being badly betrayed by the very people we trusted as leaders.

[PersonalLiberties]

"Indians and Chinese won't be buying American products or shopping in America"

There is no America at least as far as multinational corps think.

American consumer market has reached a saturation point (according to one theory) for new items and now is a replacement market only. So, mutlinational corps. are looking to the world for the new consumers in the population rich countries, China, South America, India. But before they can be consumers they need jobs, and so the cycle goes.

[William Terrell]

Where does government plan to get its revenue? Income tax revenue is already on the downward slope and will drop more steeply as wages continue to be depressed below the taxable level.

We've had a national retail sales tax waiting in the wings for . . for just such an emergency, as Foghorn Leghorn would phrase it. That'll pretty much erase all the low price off those Chinese products. Won't be many "hidden taxes" to subtract from the price for those babies!

Since the current NRST provides for the government to dole out minimum survival reimbursement monthly at officially calculated poverty levels for family units that regularly file affidavit paperwork each month (or quarter), our welfare state can grow and become lush.

Many, if not most, will face either A) constantly testifying as to the makeup of the present family by affidavit and receiving a dole, B) affording to purchase only necessities or C) not eat.

But, hey! We'll be "free" of the IRS, doncha know!