Quote:
Originally Posted by Barrykgerdes
"Poor ?" old Gerry he had the right idea but had to renege on it cause it was going to cost him.
I hate to be a wet blanket on GST but remember every purchase made overseas increases the national debt. We don't have anything manufactured in this country because of the "level playing field" that makes labour costs in Australia exhorbitant. Soon we will have no assets to sell off to meet our debts then we will become slaves to the owners of our debts.
Barry
|
Okay I have heard this argument often but tell me does national debt not increase when Gerry and friends buy the same products as I do overseas? How does buying locally from a retailer hold or decrease national debt when they are getting the same thing from the same place as I am? Sorry it does not add up in my book. I may be adding to national debt (nowhere near the magnitude of the banks and people who loan money from them though) but all I am doing differently is cutting out the middle man. Gerry and friends have enough money to last them several lifetimes in my book and they don't need anymore.
Mark