Raymond
2009-09-04 11:23:02
This is why we need to seriously look at repealing the 16th Amendment and replace the woefully-broken Internal Revenue Code with a taxation system that -encourages- personal savings and capital investment staying in the USA. The FairTax proposal (H.R. 25/S. 296) will specifically do this, a change that would literally ignite the American economy to unprecedented heights as we get back potentially as much as US$19 TRILLION (!!) in repatriated liquid assets from outside the USA and will encourage American companies to keep corporate headquarter and manufacturing operations inside the country. The current deep recession is the perfect opportunity to finally make the change that will do the American economy a lot of good for a change.
