(10-13-2016 05:17 AM)CardFan1 Wrote:  

(10-12-2016 11:05 PM)shere khan Wrote:  If Hillary is elected should Americans start leaning Chinese or Russian.

Asking for a friend

China is buying up American companies left and right. Thanks Obama, Hillary & TPP !

Same was said about Japan not that long ago....

(10-12-2016 02:23 PM)olliebaba Wrote:  Why are y'all surprised? Accept it. Irregardless of who wins the WH that storm will be upon our world. It's just a matter of time. Us's who are alive today may see it but I guarantee our children and grandchildren will witness it firsthand.

Be right with God.

Why do conservatives always hope for the end of times?

(10-13-2016 11:17 AM)Owl 69/70/75 Wrote:  

(10-13-2016 07:30 AM)QuestionSocratic Wrote:  

(10-13-2016 05:49 AM)Owl 69/70/75 Wrote:  

(10-13-2016 05:17 AM)CardFan1 Wrote:  

(10-12-2016 11:05 PM)shere khan Wrote:  If Hillary is elected should Americans start leaning Chinese or Russian.
Asking for a friend

China is buying up American companies left and right. Thanks Obama, Hillary & TPP !

No thanks to TPP. It doesn't exist yet. And China will not be in TPP.
All kinds of things re blamed on TPP (and NAFTA) that have no relationship at all to it.

Yeah, and since when is economic growth bad?

When and where did I ever say it was bad?

It's not bad, it's what we want. But if you want growth, you don't cry and moan about NAFTA and TPP, because they aren't what's stopping growth.

If you wanted to increase growth, the first thing to do is implement a consumption tax. That then allows you to reduce individual and corporate income taxes to world-competitive levels (actually, quite a bit lower than that, because our total tax bite is smaller) and eliminate or reduce the double tax imposed on corporate profits dividended out to shareholders. With those lower rates, you can also get rid of special interest loopholes. And go from a worldwide taxing jurisdiction to a territorial tax system.

This is pretty much the exact approach that Domenici-Rivlin recommended to increase tax revenues and move toward a balanced budget. It is also the Bowles-Simpson approach, except Bowles-Simpson did not include the consumption tax. Those are the two most recent bipartisan looks at our tax system, and they both recommend essentially the same thing.

I think that these would be great first steps, but we also need substantial infrastructure improvements (i.e. higher education reform)