RCA

10 More Notes for the Current Crisis

Socialism cannot compete! wrote:

> The REAL solution is to abolish income taxes...

Amen!

> This would lead to a MUCH SIMPLER tax system, with power back to
> the people...

Unfortunately our government has a very powerful vested interest in making sure that doesn't happen.

3 Things America Needs to Do to Get the Economy Back on Track

Peter, your post is thought-provoking at the least, as is evidenced by all of the impassioned comments. Keep posting and analyzing.

I do think you oversimplified the China solution. Do you think the Chinese would simply stand by while we taxed their currency conversion transactions?

China is in the catbird seat due to lame US economic policies and they know it. We are fundamentally at their mercy for the forseeable future.