Saturday, June 25, 2016

Trade without Government

Companies engaged in trade way before governments became involved to regulate trade.  Merchants were shipping goods from Europe to Asia, Africa and South America and bringing back silks, spices, wood, minerals, cocoa and coffee beans and other goods without government oversight.  This kind of trade should be allowed without government interference.

Multinational corporations already have integrated their supply chains into their operations and should be allowed to continue these.  If, however, sovereign nations set their trade policies, these corporations should expect to pay whatever tariffs and charges are imposed by these nations.  Corporate tax rates should be reduced in these cases to offset some of the additional expenses these corporations will need to pay. They should also not be surprised if these nations remove subsidies and tax breaks.


Norb Leahy, Dunwoody GA Tea Party Leader

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