I don't think that kind of taxation is the answer. A lot of foreigners and even foreign countries make a lot of money in the US without paying a dime in income taxes. Comes to trillions. l've told you many times that OPEC has in effect been taxing us since 1973. Based on price fixing and price gouging. At the same time, bought control of…
I don't think that kind of taxation is the answer. A lot of foreigners and even foreign countries make a lot of money in the US without paying a dime in income taxes. Comes to trillions. l've told you many times that OPEC has in effect been taxing us since 1973. Based on price fixing and price gouging. At the same time, bought control of some of our most wealthy companies...like Exxon. We should recoup all that money.
Those crimes have affected all of us -- rich and poor.
We also have too many deadbeats. Many wealthy foreigners live here....I am cynical. I don't believe they pay taxes.
Meanwhile, some of the wealthiest Americans offshore virtually everything they have to avoid taxation.
I've been around the block. Too many tricks. We used to write pour over trusts funded by "key man" life insurance to skip generations from having to pay taxes. Borrowing from equity.
If we want fairness, inheritance taxes are much better. Consumption taxes reach the manufacturer -- even if in a foreign country. Can exempt low income tax payers.
I don't think that kind of taxation is the answer. A lot of foreigners and even foreign countries make a lot of money in the US without paying a dime in income taxes. Comes to trillions. l've told you many times that OPEC has in effect been taxing us since 1973. Based on price fixing and price gouging. At the same time, bought control of some of our most wealthy companies...like Exxon. We should recoup all that money.
Those crimes have affected all of us -- rich and poor.
We also have too many deadbeats. Many wealthy foreigners live here....I am cynical. I don't believe they pay taxes.
Meanwhile, some of the wealthiest Americans offshore virtually everything they have to avoid taxation.
I've been around the block. Too many tricks. We used to write pour over trusts funded by "key man" life insurance to skip generations from having to pay taxes. Borrowing from equity.
If we want fairness, inheritance taxes are much better. Consumption taxes reach the manufacturer -- even if in a foreign country. Can exempt low income tax payers.
I’m not sure what you’re saying, Daniel. Tariffs won’t do it? Tariffs will do it?
Some OTHER kind of tax?
Yes, them that’s got … gets the breaks. Them that’s got calls the shots and they set the rules, too.
I’m not sure what you are suggesting, though …
What I'm saying is there are other ways to fund the government. We want people to invest in America, not drive them away.
I want the treasury to collect what should be due.
Tariffs work in some situations, but like Thom said Trump is the proverbial bull in the china shop. He screwed midwest farmers the last time.