We were assigned this video to watch as part of our tax policy class, and it is disturbing. It follows the economic history of the United States, with a focus on deficits, and it makes me want to forgo deductions and pay every cent of tax I owe.
It's 30 minutes long, but it's well worth it. Also, I bet you wish you were in tax policy now.
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Good video. I'm glad the trade deficit was given focus. the WSJ has a good article on this new trade war (http://online.wsj.com/article/SB125295068841109309.html#mod%3DWSJ_hpp_MIDDLENexttoWhatsNewsSecond%26articleTabs%3Darticle)--I'm most disturbed by the fact that China seems to be more cognizant of the rule of law (going to the WTO for countervailing duties rights) than the US.
ReplyDeleteAnd I correct myself from earlier...this wasn't prompted by the U.S. auto industry, since the tariffs will force auto manufacturers to buy the more expensive U.S. tires. This was the result of a USITC complaint by the United Steelworkers.
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