What do you guys think about this new tax rebate?

[daihashi]

I simply do not see how this would help by playing with market demand. Cheaps goods are produced somewhere else to help the bottom line of American companies. The consumer wants cheap goods at cheap prices. Overall, it helps American companies bottom lines, which creates more ventures for more jobs.

I can't see how this is a good idea when the weak dollar is already making America become a more attractive destination to manufacturing.

1. Imports cause the value of our money to go down because we are sending our money outside of the United states. Increasing the value of other countries monetary unit and not our own.

2. If we increase taxes on imports we increase our foreign currency holding which in turn increases the Strength of the dollar.

3. The more you export then the more money you're making through foreign trade. Which means you're making money, which means you're indirectly increasing the strength of the dollar.

4. Let's not forget the increase of the job market and an increase in domestic spending if you are penalizing imports and giving incentive to domestic made products/companies. This itself would stimulate our local economy creating more oppurtunity for everyone. People shop at walmart for a reason... same idea; give incentive for companies to make cheap quality goods in the US and people are going to buy whatever they can get the best deal on; might as well be American and keep that money here in the United states.

That's my thoughts on it anyway.

daihashi Reviewed by daihashi on 06-17-2008. What do you guys think about this new tax rebate? I read Bush is supposed to be giving out huge refunds, something like $600 to individuals and $1,200 to families or something, totalling like 60 billion in Federal hand-outs. I'm a stoner so don't quote me on those figures but what do you guys think about it ? I think it's stupid because we don't have money like that to be giving out, we're in tremendous national debt and this will only add to the problem of inflation. I don't think a lot of people think about that when they realize they are Rating: 5