Wednesday, January 25, 2017

Why tariffs is better than GST

I believe that governments should abolish their GST and introduce tariffs. This will generate revenue for the government (to replace GST) and encourage local production of goods and services to create jobs for the people.

I look forward to the new era.

Global trade will continue, but the volume could be lower, as local production will meet a larger share of each country's needs. There will be less needs for traders and logistics services, but it will improve the living standards of people all over the world.

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