Responses to the responses to my previous article.
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by Benmaster
These two articles are addressed to my previous article http://www.erepublik.com/en/article/an-opinion-of-the-current-australian-actions-as-of-late--1304293/1/20#comments
If you haven't read it, i suggest you do.
Ok...be lazy, don't read it then 🙁
Well I'll write a summary of this.
Summary ( you lazy farts)
In this article i expressed my views on the current military and economic situation. I addressed the need for a higher import tax. And how it ruins our economy.
Well, here it is.
In queviltai's article he addressed to me that i didn't address both sides of the argument (import taxes). So here i go.
Low Import taxes, the good and the bad.
GOOD
1. Cheaper goods from foreign company's.
2. More stock in the market.
3. Cheaper tax's mean's our country will be more economically powerful.
4. Higher dollar value.
BAD
1. Local Business is destroyed as cheaper labor are in other countries and overflow the market.
2. Lower wages as a more and more foreign business undercuts our prices.
3. irreversible damage as Australia becomes more reliant on foreign products.
Also, i have created another comparison chart.
High import taxes Good/Bad
Good
1. Local business is protected and can sell overseas.
2. Higher wages due to products being sold locally and internationally.
3. More treasury income from higher import taxes, thus allowing less VAT/income taxing.
4. Stable economy due to no foreign business undercutting our prices.
Bad
1. Less goods in market.
2. Less stronger dollar.
3. Deflation of the market and no money being gained.
Now, that my opinion has been addressed, i will get to the conclusion
Conclusion:
I'm not suggesting that our import prices should be high enough to demote foreign business. I'm suggesting that we make a reasonable import tax something higher then 10% since we'll soon become an EUSA. So I'm willing to research for congress an agreeable tax based on the current amount of companies, sales...ETC
Yours truely...Benmaster
Express opinion on the comments section. KTHXBAI.
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Comments
Have to disagree here.
"1. Local Business is destroyed as cheaper labor are in other countries and overflow the market."
Go work in Land, that will fix that problem.
"2. Lower wages as a more and more foreign business undercuts our prices. "
See above.
"3. irreversible damage as Australia becomes more reliant on foreign products."
...Sorry, don't see how this is supposed to be "irreversible damage".
"1. Local business is protected and can sell overseas."
What are they going to sell, if everyone is working in manu for the high wages and they can't buy materials from overseas without massive taxes?
"2. Higher wages due to products being sold locally and internationally."
Yeah, which are meaningless since you end up paying more for goods, such as food.
"4. Stable economy due to no foreign business undercutting our prices."
Well,
"1. Less goods in market.
2. Less stronger dollar.
3. Deflation of the market and no money being gained."
doesn't look all that great as far as stability is concerned.
Just my thoughts 😉
Also, first.
Overall, I think that outlining the debate like this just highlights the fact that we need to find a balance. The eAus economy is in great shape and until we can see that 10% import taxes are causing some kind of problem there isn't really a reason to change them.