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Originally Posted by goinbroke2
Immediately, Canada and the US should put a VAT on products which brings the price of a product shipped into the country up to par with what it would cost to produce said product here.
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A VAT generally applies to all products sold the same as sales tax. In most countries that have a VAT it is added into the sticker price.
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THEN it would be a pair of cars/pens/shirts for the same price and people would choose what they wanted.
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In regards to textiles, the imported stuff has been selling for the same price as domestic stuff for years and the public really doesn't seem to care where it comes from. Wonder where the extra profit on that overseas stuff goes?
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Would YOU choose a shirt from thailand with their quality/durability/materials if it cost the same as one made here?? I certainly wouldn't.
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You probably do it every day and don't even realize it!
The problem with this whole auto industry deal is simple. Nobody is buying cars. Why not? Because they don't have jobs. Why don't they have jobs? Because we have allowed our manufacturing jobs to go overseas. Look around at who actually buys American made cars. It's not the bankers or politicians for the most part. It has traditionally been the same kind of people who support NASCAR and the NHRA. What is happening there these days? Kill NAFTA and CAFTA and prosperity will come back to the USA. Instead it looks like I am fixing to get a 5% tax hike!