Please tell me something, is 12 minus 7 percent of $100k more or less then 12 percent of $0? Is 20% of $50k times three more or less then 25% of 0 times 0? You see, I'm confused because the government is making more by discounting tax revenue by means of tax breaks then they would be making by not having anything to tax at all, so how are they going broke and how would they not go broke without them?
In other words, the Laffer Curve in effect, which reminds everyone that taxes are a penalty, and that you'll recieve more in tax revenue with a low tax rate than a high tax rate attempting to collect taxes on nonexistent businesses.
Solution: Why not raise our import tariff rates to match that of our so-called trading partners?
Because the politicians (and make no mistake, I'm talking both major parties in the U.S.) are bought and paid for by the multinational corporations. They have absolutely no consideration for the trade deficit, or the standard of living for citizens, as long as they can profit from the situation.
Unfortunately, meaningful economic changes will not occur in the U.S. until there is a large shift in the way voters choose elected officials which allows outside independent candidates without connections to lobbyists to succeed at the ballot box.
Remember to say hello to your bank teller.