Scott SoCal wrote:That is where I would start.
Short term cap gains would have to be set a few percent lower than the national sales tax rate. Dividend income and long term cap gains lower still. I personally think the estate tax is immoral, although I'm not sure what the impact would be to eliminate it altogether. Maybe rework the tax to apply to cash or cash equivalents. Don't hold my hands to the fire on that, I'm just thinking out loud.
I think business would come and stay in the US to get access to the finest labor pool in the world. Cheap labor has its own set of problems. I think the global corporate world seek to run an efficient, world class operations. They also need stability in the tax code and an ability to accurately forecast expenditures and expenses on a three and five year time frame (which is where Obama has blown it).
China doesn't own that much of our debt. It fluctuates between $900 Billion and around $1.6 Trillion. Hell, Japan owns over $1 Trillion. American govt and American investors own the bulk of the debt... Getting closer to $10 Trillion nowadays. I don't think China will complain much if we grow robustly for a generation or two. We are still the largest market in the world and China fails if they don't export goods.
China, as you know, will eventually get beyond that. Fail is a relatively useless word in this context.
You ignored (or disregarded) the basic question though: shuffling the numbers is one thing--and you're very forthright today about how that might look--but that does absolutely nothing in terms of of suggesting how those numbers might actually be generated.
Put another way: you think Hil's America would have inculcated greater productivity?