08-01-2017, 10:29 PM
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StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
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Quote:
Originally Posted by Paul Markham
Balanced trade means you sell $100, you buy $100. You employ one man in the home country, you employ one man in another country. It is that simple.
At the moment the US isn't doing that, it's selling $90 and buying $110 dollars. This immediately hits your tax funds because you haven't paid enough in wages to raise enough in taxes. So debt increases.
The upside is it puts more money into the pockets of the1% who avoid paying taxes far more than the less wealthy. So with governments owned by big corporations, it continues to get worse.
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Paul 
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Skype: CallTomNow
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