Sick of hearing that the economy is in a slump? Want to save a little money?
Simple math tells us that If all Americans began buying only American made goods and stopped buying foreign products, the US government would make so much money in taxes that the need for a federal income tax would disappear. Furthermore, it would create such a demand for US manufactured goods that unemployment (currently 6%) would disappear as well.
For example here's why:
It's been estimated that 50 percent of the sticker price of a new Cadillac goes for taxes. That includes the sales tax, Social Security and Medicare taxes of GM workers, federal and state income taxes withheld from wages, GM's corporate income tax and the property taxes GM pays. When you buy an American-made car, you are contributing to Social Security and Medicare, and to our national defense and national parks, and helping pay for the local police, public roads and public schools.
This is why exports are better than imports, why trade surpluses are better than trade deficits. When foreigners buy U.S.-made goods, half the price they pay underwrites the cost of our government. But when we buy foreign goods, we contribute taxes to the regimes in the countries where those goods are produced. Keep that in mind the next time you buy goods "Made in China."
Think about it...
Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 a.m. While his coffeepot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN INDONESIA), designer jeans (MADE IN SINGAPORE) and tennis shoes (MADE IN KOREA). After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA) he got in his car (MADE IN GERMANY) and continued his search for a good paying AMERICAN JOB. At the end of yet another discouraging and fruitless day, Joe decided to relax for a while. He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA), and then wondered why he can't find a good paying job in.....AMERICA.....
Here's the plan:
1. As much as possible, stop buying foreign products. Make it a habit to start checking to see where your purchase is made. Look for "Made in the USA"
2. Forward this email to as many people as you can.
3. Watch the news for signs the economy is starting to boom.
4. Buy stocks and get rich.
5. Remember this: "If you continue to do what you've always done, you'll continue to get what you've always got" Forward this email!
[ December 10, 2002, 03:52 PM: Message edited by: AdoptedByGod ]
Simple math tells us that If all Americans began buying only American made goods and stopped buying foreign products, the US government would make so much money in taxes that the need for a federal income tax would disappear. Furthermore, it would create such a demand for US manufactured goods that unemployment (currently 6%) would disappear as well.
For example here's why:
It's been estimated that 50 percent of the sticker price of a new Cadillac goes for taxes. That includes the sales tax, Social Security and Medicare taxes of GM workers, federal and state income taxes withheld from wages, GM's corporate income tax and the property taxes GM pays. When you buy an American-made car, you are contributing to Social Security and Medicare, and to our national defense and national parks, and helping pay for the local police, public roads and public schools.
This is why exports are better than imports, why trade surpluses are better than trade deficits. When foreigners buy U.S.-made goods, half the price they pay underwrites the cost of our government. But when we buy foreign goods, we contribute taxes to the regimes in the countries where those goods are produced. Keep that in mind the next time you buy goods "Made in China."
Think about it...
Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 a.m. While his coffeepot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN INDONESIA), designer jeans (MADE IN SINGAPORE) and tennis shoes (MADE IN KOREA). After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA) he got in his car (MADE IN GERMANY) and continued his search for a good paying AMERICAN JOB. At the end of yet another discouraging and fruitless day, Joe decided to relax for a while. He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA), and then wondered why he can't find a good paying job in.....AMERICA.....
Here's the plan:
1. As much as possible, stop buying foreign products. Make it a habit to start checking to see where your purchase is made. Look for "Made in the USA"
2. Forward this email to as many people as you can.
3. Watch the news for signs the economy is starting to boom.
4. Buy stocks and get rich.
5. Remember this: "If you continue to do what you've always done, you'll continue to get what you've always got" Forward this email!
[ December 10, 2002, 03:52 PM: Message edited by: AdoptedByGod ]