The World Needs Self Regulating Tariffs

One plausible solution for the economy would be to use tariffs to keep the trade deficit zero +/- 5%. Just general tariffs that would increase or decrease slowly at perhaps 5% a year would work. All countries should do this.

Countries should reduce the tariffs by 5% every year their trade deficit is balanced.

The US economy roared along for 170 years with 40% tariffs.

Any tax revenue generated by tariffs could be used to eliminate corporate taxes. They don’t produce substantial revenue anyway. There could even be a negative corporate tax for those corporations that increase their manpower.