Whoops! We forgot to include the VAT in the TPP

economyincrisis ^ | 6/26/15 | Kevin L. Kearns

[central_va]

The TPP addresses and reduces the tariffs of each of these countries.

Really? LOL.

[Calvinist_Dark_Lord]

'the one that the 9/11 criminals got their idea from.'

That 'idea', or similiar has been around for a while.

Clancy had a lot of insights that were interesting. He had a pang of conscience when he wrote the novel The Sum of All Fears and changed details of the construction of an enhanced fission bomb. He was distressed that the 'how to' information was open source and that critical components for such a weapon were available on the open market.

It is true that Fight 77 was headed for the White House...some say flight 93 that crashed in Shanksville, PA...and could not identify it from the air.

True, the idea is not unique to Clancy, however his work was the most readily publicised. i worry about some of the other insights that he and his successor authors, Mark Greaney and Grant Blackwood come up with.

[Calvinist_Dark_Lord]

You don't fix anything by raising taxes unless taxes are too low to begin with.

You need to explain that to the foreign governments who impose such taxes on American goods.

What you do accomplish is that the foreign goods coming in become less desirable to US consumers.

Bottom line: The US needs nothing that these others produce. We have been blessed to have great resources. However, the rest of the world needs access to our markets. If we deny that to them, it doesn't matter how cheaply they can produce goods. America is still the biggest kid on the block for goods. So it serves these nations' interests to open up their own markets, or get used to feeling some pain. If Trump is elected --i have no dog in that fight-- there WILL BE pain coming for nations with abusive trade policies with the US.

[Seven_0]

What you do accomplish is that the foreign goods coming in become less desirable to US consumers.

Every action of government benefits some at the expense of others. A tariff war would only hurt most of us and wouldn't help people of other countries. Also it would give government more money to waste. Government consumes more than it produces; the net effect is always negative for the economy.

It would be nice if governments would act to benefit the people but they don't. Raising tariffs to try to get others to lower theirs is foolish. People are resourceful when it comes to avoiding taxes, let the people handle it.

Never give government new streams of revenue.

We have been blessed to have great resources.

No country can prosper without God's blessing. What happens with our resources when we are not allowed to use them?

[bert]

why would any one want to purposely make goods less desirable?

We do not have the capability to produce many things at a price americans find satisfactory.

We import products because we find them satisfactory in price and quality.

[central_va]

Still waiting for Ford, Carrier and Nabisco to announce price reductions.....

[Ray76]

> Still waiting for Ford, Carrier and Nabisco to announce price reductions.....

That will never happen. Their stock will go up.

[Moltke]

Does that VAT apply *only* to US goods or is that the standard VAT for any such goods sold in the respective countries? The latter is my understanding of VAT.