SEARCH BLOG: SALES TAX and CURRENCY MANIPULATION
Two headlines caught my eye in the paper this morning:
1) These countries are not "making their own country poorer" through their actions... they are systematically undermining U.S. industrial capabilitiesFor the last 3 years, I have written about how the 6% sales tax on gasoline has become an increasing revenue windfall for the state.
2) Trade barriers take many forms from inspection of individual vehicles verses certification of an entire model (a practice used by Japan to make importation of U.S. vehicles virtually impossible), to tariffs, to currency manipulation, to worker and environmental abuse. If such practices so hurt China, how is it that they have been so successful at creating wealth?
Its all old news.