Replying to Avatar 🇵🇸 whoever loves Digit

Not sure if spurious is the right word, I hadn't considered the benefit of incorporation.

Maybe corporate taxes could make a big dent in or even replace tariffs, if the legal system can make incorporation beneficial enough in a fair way.
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Shawn 1y ago

We still need a way to “tax” or “tariff”(or whatever word you want to use) foreign companies. Not sure the best way to do that. They will be able to get around the multi-level-supply-chain revenue tax, so maybe tariffs on those goods as long as the US has a competitive industry.

Tariffs are useless unless the US can compete. Otherwise it’s just another tax on the people of the US.

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🇵🇸 whoever loves Digit 1y ago

When bringing goods into the country, you pay the border guards a certain percentage of what they say your shipment is worth in currency, or they take that percentage of your goods.