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Author: jwiest Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1986882  
Subject: Re: Why Can't GM Compete? Date: 10/17/2005 8:02 PM
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Another reason to support a complete overhaul of our tax system and go to the FairTax plan. As proposed, it is designed to be industry neutral. Companies compete on their merits rather than on how well they can game the current tax system.

So much for companies, I agree.

Still, there's a lot of good that a flexible tax system can do. For example, if you are concerned about the long-term viability of our energy system or our food supply, it would make sense to penalize harmful practices. Less harmful often can not compete, not because they are intrinsically less efficient, but mostly because we are locked into existing distribution and production networks and technologies....held hostage by the past. Maybe the tax system shouldn't be used for that purpose, but it seems a convenient vehicle.
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