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Congressional Proposal

Day 464, 00:31 • Published in China USA

• by capitacommunist101

Currently there is one congress proposal up for vote, one in which the taxes on food is lowered. William Lai (the submitter) in a previous article stated that he hoped to entice more companies into exporting food to China. But do we really need this? At the moment there is a Q1 and a Q2 company in China. I therefore think instead of lowering the import tax we should protect the internal market by raising the import tax of food to say 20%. Not enough to scare foreign companies away, but enough to keep our own food companies competitive and to increase the national coffers. Important is that we become economically independent now. We have our own grain company, two food companies, which is a start. I therefore urge people to vote against the congress proposal, and tomorrow I will submit another proposal to raise the import tax.

Another proposal I would like to submit for debate is the grain tax. The import tax on grain should be raised to 40%, pretty straightforward, because we already have a Q2 grain company. At the moment we have no real need for grain, and although the change may be superfluous, it helps protect our economy.

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Comments

EKO dong Day 464, 00:45

Good ideas. I think we should also raise the minimum wage to 1.5 CNY.

pyroelectricity Day 464, 01:45

I agree. However, I think we should discuss things on the forums before proposing them here to make sure everything runs smoothly and no one wastes a proposal. http://echina.mearupes.com/index.php

William Lai Day 464, 02:30

I don't suggest to become protectionist. Lower import tax may drive less and less company supporting eChina. Less chance to get lower cost food, gift, weapon etc. We need to boost our market place with more and more choice. eChina is not a big country and we need to BUILD. Protect local enterprises is not a good way to grow eChina. I learnt it from last eChina dynasty and I don't want to repeat it again. We need more and more firm or companies coming to eChina.

capitacommunist101 Day 464, 04:38

But if we let foreign companies sell cheap food or grain here, it will destroy the companies which are trying to build up in eChina.

Modelcon Day 464, 12:40

Do we need this? We do.

Come on, we only have Q1 and Q2 food. At most we can maintain wellness, and it's impossible to gain any wellness now. We need good food before we can plan our domestic companies and add embellishments to our country.

Laffopuritain Day 464, 13:48

we have at least 2 grain companies and three food companies. I own a food and grain company, logomaster has a food company, and 2brothers has a food and grain.

That being said, we have cheap (compared to a lot of countries) labor pool. we can produce food cheaper than most countries can. We do not need a protectionist tax on our food.

Adding import taxes will only hurt the worlds views of us. Lets start a policy of openness to the world. Like Benn said, make friends with everyone.

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