Yahoo is reporting that economists say Trump could not bring jobs back to America from China and other countries. Well, the economists are wrong. All it would take is a repeal of the income tax. Nearly half of the cost of labor is taxation. If you want to create jobs, cut the income taxes. That does not mean merely corporate. That would not reverse the trend alone. You need to eliminate payroll taxes and personal income taxes.
The repeal of income taxes should apply to states as well and any taxation should be restricted to what the Founding Fathers concluded – indirect taxation only. That means consumption taxes EXCLUSIVELY. Then it also does not matter who is here. Illegal aliens would pay the same as citizens. Income taxes only apply to citizens or those with Greencards.
This is Elfreth’s Alley in Philadelphia which is the oldest continuously inhabited residential street in America, dating from 1702. Notice there are two aspects driven by property taxes. First, row homes developed because there was a tax on windows. Secondly, the phrase taking a step up in life refers to the number of steps you had to enter your home. You were taxed per step.
We do not own our homes for you cannot ever retire even after paying off your mortgage since you still have to pay property taxes. If you do not pay your property taxes, they come take your house and throw you out on the street. Property taxes are the most UNDEMOCRATIC tax we have and are a remnant of a totalitarian state. Today, it is government workers who demand pensions and those are paid by exploiting the people.
Government should be privatized to eliminate pensions. We have to face the fact. Politicians could never efficiently manage anything. They are hopeless. Government departments should be privatized simply for real management and then we would not have this crisis of unfunded pensions that is bankrupting the states. No state is capable of simple fiscal management because they are not competitive, instead, they abuse their power of taxation to fill in gaps of mismanagement. Taxes clearly alter our lives and it is never for the better at the end of the day.