IMHO a brilliant bit of discourse by Bannon. Don't care what you think of the man or his worldview -- you're missing the boat if you don't give this a ponder.
About 15 minutes of video. Easy listen, quick tempo
Steve Bannon's Take On China's Elite Economic Warfare (w/ Kyle Bass)
Barbarian Mgmt of US as a Tributary State
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blackeagle603
- Posts: 9783
- Joined: Tue Aug 19, 2008 4:13 am
Barbarian Mgmt of US as a Tributary State
"The Guncounter: More fun than a barrel of tattooed knife-fighting chain-smoking monkey butlers with drinking problems and excessive gambling debts!"
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
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blackeagle603
- Posts: 9783
- Joined: Tue Aug 19, 2008 4:13 am
Re: Barbarian Mgmt of US as a Tributary State
I completely missed any discussion of this "Border Adjustment Tax" that Bannon mentioned. It was on the table in 2017 apparently.
RTWT
The Border Adjustment
The most novel change the House GOP plan makes to the current tax code is that it applies the destination principle to the U.S. business income tax. This is done by enacting a “border adjustment.” In the plan, businesses in the United States would no longer be able to deduct the cost of purchases from abroad, or imports. At the same time, businesses would no longer be taxed on the revenue attributable to sales abroad, or exports.
RTWT
"The Guncounter: More fun than a barrel of tattooed knife-fighting chain-smoking monkey butlers with drinking problems and excessive gambling debts!"
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
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blackeagle603
- Posts: 9783
- Joined: Tue Aug 19, 2008 4:13 am
Re: Barbarian Mgmt of US as a Tributary State
IMHO, a more readable discussion of the The Border Adjustment tax that went nowhere (but may resurface)
Here
Here
"The Guncounter: More fun than a barrel of tattooed knife-fighting chain-smoking monkey butlers with drinking problems and excessive gambling debts!"
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
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BDK
- Posts: 1699
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Re: Barbarian Mgmt of US as a Tributary State
Economically, that’s rather dumb. Lots of things have to be imported, especially in food. (Unless you don’t like year round fresh fruit and veg, most tropical fruits, etc)
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BDK
- Posts: 1699
- Joined: Fri Jun 20, 2014 11:14 pm
Re: Barbarian Mgmt of US as a Tributary State
Chocolate, coffee, tea, vanilla, machinery used in small food processors. Quite a bit of the machinery used by large food processors... (I’m just commenting on the industry I know)
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Vonz90
- Posts: 4731
- Joined: Fri Sep 19, 2008 4:05 pm
Re: Barbarian Mgmt of US as a Tributary State
It is basically updated mercantilism policy. The problem being that if adopted, most every trading partner would so something similar and that would drive down overall cross boarder trade. Since we are either the largest or second largest exporter in the world (depending on how you count it) that would be very bad for us.