The fairtax removes all domestic taxes on income and raises the same revenue by taxing consumption of imports and domestic products the same. This increases the economic competitiveness of American companies in both domestic and international markets. So then We can balance trade while also increasing the value of the dollar with the fairtax.
“The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to ‘political turmoil.’ Pretty soon, I think there will be a big adjustment.” -- Warren Buffett
An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
@soups347 Thanks for your comment and I'll have a look at the Buffett proposal. I think I forwarded my video the Debt Ceiling. I will post on the Buffett proposal.
no one can afford to buy stuff made with expensive american union labor
KripDrip 3 months ago
The fairtax removes all domestic taxes on income and raises the same revenue by taxing consumption of imports and domestic products the same. This increases the economic competitiveness of American companies in both domestic and international markets. So then We can balance trade while also increasing the value of the dollar with the fairtax.
dtvgmedia 5 months ago
Great explanation! Makes a lot more sense now. Thanks
EzE3000 7 months ago
@EzE3000 Thanks for your comment.
caolinprime 7 months ago
“The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to ‘political turmoil.’ Pretty soon, I think there will be a big adjustment.” -- Warren Buffett
An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
democrats.waysandmeans.house.gov/media/pdf/111/2010Sept15_Campbell_Submission.pdf
soups347 1 year ago
@soups347 Thanks for your comment and I'll have a look at the Buffett proposal. I think I forwarded my video the Debt Ceiling. I will post on the Buffett proposal.
caolinprime 1 year ago