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USA To Continue Its Wars As Long As Dollar Remains Reserve Currency

By       Message Paul Craig Roberts     Permalink
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Theoretically, the US could bring its corporations back to America by taxing their profits according to the geographical location in which value is added to their product. If value is added abroad, in China or India, for example, the tax rate would be high. If value was added domestically in the US, the tax rate would be low.

The US could also resort to the protective tariffs that were responsible for its rise as an economic power.

These changes would be difficult to enact as the changes are contrary to the material interests of the one percent.

The US today is ruled by an oligarchy of private interests. The US government is not very independent of the powerful interest groups that fund political campaigns. The US ceased being a democracy during the Clinton administration.

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http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

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