USA goods could be more price competitive

[Supposn]

USA goods could be more price competitive.
________________________________________
I’m a proponent of a unilateral substantially market driven global trade policy as described within the Wikipedia article “Import Certificates”.
If it were adopted by the USA it would almost, (if not entirely) eliminate USA’s chronic trade deficits of goods; it’s would likely increase and never be a cause of decreasing USA’s gross domestic production’s reduction, (GDP). Trade deficits are a drag upon their nation’s GDPs and consequentially upon their numbers of jobs which in turn is a drag upon wages’ purchasing powers.

Referring to Wikipedia's "Import Certificates" article:
The certificates’ global open market prices per U.S. dollar of face values determine the extent of the policies almost direct effect upon prices of foreign goods sold to USA purchasers and the indirect subsidy effect upon prices of USA products sold to foreign purchasers.
USA exporters that request their goods to be assessed must also agree to pay the federal fees that are intended to defray entire federal direct expenses due to the USA unilateral substantially market driven Import Certificate policy. Exporters of USA goods would be motivated to profit from acquiring the valuable transferable certificates that are issued by the U.S. Treasury Department.
The U.S. Congressional Budget Office would annually monitor and advise congress as to the fee rate per assessed dollar value that would be appropriate to defray all direct federal expenditures due to the Import Certificate policy.
//////////////////////////////////////
Prices of the transferable Import Certificates determined within competitive global markets drive the additional costs to USA purchasers of imported goods and the extent of indirect subsidy for USA’s exported goods.
The federal fees passed onto USA purchasers of foreign goods is the minimum expected increases of prices to those purchasers.
USA consumers balking at USA imports’ increased prices would determine the maximum rate of certificates’ global prices.

If the certificates’ global price rates should be insufficient, exporters of USA goods would not trouble to deal with them and fewer certificates will be issued.
If issued certificates do not satisfy USA consumers effective demands for foreign goods, the shortfall would increase the global certificate markets' rates prices. But additionally the law could be drafted as to provide for congressional executive agreements to interrupt the enactment of this trade policy because there are no longer any reasonable expectations for chronic annual USA trade deficits. The Import Certificate laws and regulations can still remain “on the books”.

Refer to Wikipedia’s article entitled “Import Certificates”
Respectfully, Supposn

 

[Legion Troll]

Bringing back slavery would allow job creators more pricing flexibility, but I'm not sure they'd pass their savings on to consumers.

 

[evince]

the free market self regulates


just ask the idiot republicans who buy all that economic bullshit that the shortbus (the Austrian school) school of economics feeds them




unilateral substantially market driven global trade


sounds like a clusterfuck even to this liberal

 

[Supposn]

Bringing back slavery would allow job creators more pricing flexibility, but I'm not sure they'd pass their savings on to consumers.

Legion Grind, your point is?
Respectfully, Supposn

 

[Supposn]

the free market self regulates
just ask the idiot republicans who buy all that economic bullshit that the shortbus (the Austrian school) school of economics feeds them
unilateral substantially market driven global trade
sounds like a clusterfuck even to this liberal

TruthMatters, a unilateral policy of transferable Import Certificates won’t work because? What’s your point?

Respectfully, Supposn

 

[Legion Troll]

Legion Grind, your point is? Respectfully, Supposn

If you want maximum profits, operating costs like labor must be reduced to a minimum, assuring price flexibility.

Capitalist profits must be maintained, so there's no wiggle room there.

Eliminating all government regulations and slashing taxes will ensure the competitiveness of US-made goods.

Since Americans aren't willing to work for the wagers paid by Asian sweatshop laborers, they must be enslaved.

 

[Truck Fump / h1b]

What is it?

 

[Supposn]

If you want maximum profits, operating costs like labor must be reduced to a minimum, assuring price flexibility.

Capitalist profits must be maintained, so there's no wiggle room there.

Eliminating all government regulations and slashing taxes will ensure the competitiveness of US-made goods.

Since Americans aren't willing to work for the wagers paid by Asian sweatshop laborers, they must be enslaved.

Excerpted from the first post of this thread:
I’m a proponent of a unilateral substantially market driven global trade policy as described within the Wikipedia article “Import Certificates”.
If it were adopted by the USA it would almost, (if not entirely) eliminate USA’s chronic trade deficits of goods; it’s would likely increase and never be a cause of decreasing USA’s gross domestic production’s reduction, (GDP). Trade deficits are a drag upon their nation’s GDPs and consequentially upon their numbers of jobs which in turn is a drag upon wages’ purchasing powers.
/////////////////////////////////////////////////////////////////////////////////////

Legion Troll, the Import Certificate policy would accomplish all of this, and serve as an indirect but effective subsidy of USA’s exported goods, regardless of any entities behavior regardless of foreign entities behaviors. The substantially market driven policy grants little discretionary powers to the federal government.

Respectfully, Supposn

 

[Mr. Shaman]

USA goods could be more price competitive.
________________________________________
I’m a proponent of a unilateral substantially market driven global trade policy as described within the Wikipedia article “Import Certificates”.
If it were adopted by the USA it would almost, (if not entirely) eliminate USA’s chronic trade deficits of goods; it’s would likely increase and never be a cause of decreasing USA’s gross domestic production’s reduction, (GDP). Trade deficits are a drag upon their nation’s GDPs and consequentially upon their numbers of jobs which in turn is a drag upon wages’ purchasing powers.

Referring to Wikipedia's "Import Certificates" article:.....

Good Luck!!!!......trying to promote a concept (of such complexity).....to the average NASCAR/Trump-fan.​

"Import certificates are a proposed mechanism to implement balanced trade, and eliminate a country's trade deficit. The idea was proposed by Warren Buffett in 2003 to address the U.S. trade deficit. In the United States, the idea was first introduced legislatively in the Balanced Trade Restoration Act of 2006. The proposed legislation was sponsored by Senators Byron Dorgan (ND) and Russell Feingold (WI), two Democrats in the United States senate. Since then there has been no action on the bill."

Import Certificates​

"The book opens with a mind-numbing list of personal stories and specific closures of once-great American companies - the makers of Etch-a-Sketch, Hula Hoops, Fruit of the Loom, Fig Newtons, Levis ... the list goes on and on. A particularly poignant anecdote relates how the workers at Huffy Bikes spent their last days on the job peeling the trademark American flag off the handlebars and substituting stickers of the globe in its place.

From there, Dorgan spreads out to take on - passionately - the multi-national corporations leading the charge to relocation. He outlines for laypeople in as straightforward way as possible some of the arcane tax maneuvers and loopholes used to reap corporate tax benefits; he calls companies to account for the "exported misery" they're visiting on other countries, where child slave labor and inhuman working conditions prevail; he rails against the practice of corporations that renounce their American corporate citizenship to avoid taxation; he deplores the trend of industry insiders being moved to agencies that nominally regulate the very same industries. Big Pharma in particular draws a cannon-load of fire as the subject of a whole chapter illustrating every aspect of what's wrong with multi-nationals today."

Book: "Take This Job and Ship It" - Senator Byron L. Dorgan​

November 10, 2003 - "Through the spring of 2002, I had lived nearly 72 years without purchasing a foreign currency. Since then Berkshire has made significant investments in--and today holds--several currencies. I won't give you particulars; in fact, it is largely irrelevant which currencies they are. What does matter is the underlying point: To hold other currencies is to believe that the dollar will decline.

Both as an American and as an investor, I actually hope these commitments prove to be a mistake. Any profits Berkshire might make from currency trading would pale against the losses the company and our shareholders, in other aspects of their lives, would incur from a plunging dollar.

But as head of Berkshire Hathaway, I am in charge of investing its money in ways that make sense. And my reason for finally putting my money where my mouth has been so long is that, our trade deficit has greatly worsened, to the point that our country's "net worth," so to speak, is now being transferred abroad at an alarming rate.

A perpetuation of this transfer will lead to major trouble. To understand why, take a wildly fanciful trip with me to two isolated, side-by-side islands of equal size, Squanderville and Thriftville.

Land is the only capital asset on these islands, and their communities are primitive, needing only food and producing only food. Working eight hours a day, in fact, each inhabitant can produce enough food to sustain himself or herself. And for a long time that's how things go along. On each island everybody works the prescribed eight hours a day, which means that each society is self-sufficient.

Eventually, though, the industrious citizens of Thriftville decide to do some serious saving and investing, and they start to work 16 hours a day. In this mode they continue to live off the food they produce in eight hours of work but begin exporting an equal amount to their one and only trading outlet, Squanderville.

The citizens of Squanderville are ecstatic about this turn of events, since they can now live their lives free from toil but eat as well as ever. Oh, yes, there's a quid pro quo--but to the Squanders, it seems harmless: All that the Thrifts want in exchange for their food is Squanderbonds (which are denominated, naturally, in Squanderbucks).

Over time Thriftville accumulates an enormous amount of these bonds, which at their core represent claim checks on the future output of Squanderville. A few pundits in Squanderville smell trouble coming. They foresee that for the Squanders both to eat and to pay off--or simply service--the debt they're piling up will eventually require them to work more than eight hours a day. But the residents of Squanderville are in no mood to listen to such doomsaying."

Growing Trade Deficit Is Selling The Nation Out - Warren E. Buffett / Carol J. Loomis​

*

 

[stoned]

USA goods could be more price competitive.
________________________________________
I’m a proponent of a unilateral substantially market driven global trade policy as described within the Wikipedia article “Import Certificates”.
If it were adopted by the USA it would almost, (if not entirely) eliminate USA’s chronic trade deficits of goods; it’s would likely increase and never be a cause of decreasing USA’s gross domestic production’s reduction, (GDP). Trade deficits are a drag upon their nation’s GDPs and consequentially upon their numbers of jobs which in turn is a drag upon wages’ purchasing powers.


Referring to Wikipedia's "Import Certificates" article:
The certificates’ global open market prices per U.S. dollar of face values determine the extent of the policies almost direct effect upon prices of foreign goods sold to USA purchasers and the indirect subsidy effect upon prices of USA products sold to foreign purchasers.
USA exporters that request their goods to be assessed must also agree to pay the federal fees that are intended to defray entire federal direct expenses due to the USA unilateral substantially market driven Import Certificate policy. Exporters of USA goods would be motivated to profit from acquiring the valuable transferable certificates that are issued by the U.S. Treasury Department.
The U.S. Congressional Budget Office would annually monitor and advise congress as to the fee rate per assessed dollar value that would be appropriate to defray all direct federal expenditures due to the Import Certificate policy.
//////////////////////////////////////
Prices of the transferable Import Certificates determined within competitive global markets drive the additional costs to USA purchasers of imported goods and the extent of indirect subsidy for USA’s exported goods.
The federal fees passed onto USA purchasers of foreign goods is the minimum expected increases of prices to those purchasers.
USA consumers balking at USA imports’ increased prices would determine the maximum rate of certificates’ global prices.

If the certificates’ global price rates should be insufficient, exporters of USA goods would not trouble to deal with them and fewer certificates will be issued.
If issued certificates do not satisfy USA consumers effective demands for foreign goods, the shortfall would increase the global certificate markets' rates prices. But additionally the law could be drafted as to provide for congressional executive agreements to interrupt the enactment of this trade policy because there are no longer any reasonable expectations for chronic annual USA trade deficits. The Import Certificate laws and regulations can still remain “on the books”.

Refer to Wikipedia’s article entitled “Import Certificates”
Respectfully, Supposn[/QU

In other words......................tariffs.

 

[Celticguy]

the free market self regulates


just ask the idiot republicans who buy all that economic bullshit that the shortbus (the Austrian school) school of economics feeds them




unilateral substantially market driven global trade


sounds like a clusterfuck even to this liberal

That's because you know less than Jon Snow.

 

[Supposn]

In other words......................tariffs.

Stoned,refer to
http://www.justplainpolitics.com/sh...Certificates-Vs-Tariffs&p=1723527#post1723527

Excerpts from the thread “Import Certificates Vs. Tariffs”:

“Comparisons between tariffs and import certificate policies: …
... Tariffs can as the Import Certificate policy is to be drafted in a manner to be no greater than self-funding; (i.e. providing government with no net revenue). ...
… This policy is an indirect but effective subsidy of USA’s exported goods. …
… Regardless of the transferable import certificates price rates within global markets, (i.e. even if the additional costs for importers to bring their shipment into the USA would be only a penny, USA’s annual trade deficits of goods would be entirely or almost entirely eliminated.
No tariff policy could provide such assurance with certainty but any tariff policy that could feasibly attempt it would have to be of the most extremely high tariff rates to be passed on to USA purchasers of imported goods. Such drastically high rates would almost entirely eliminate imported goods from USA’s domestic markets.

Because the Import Certificate policy is substantially market driven, if within the USA there exists an effective demand for any foreign item (that’s legally importable), that market demand will be satisfied”.

Respectfully. Supposn

 

[Supposn]

I did not vote for Donald Trump in 20016 and I’m very much unlikely to do so in 20020; BUT if during his administration, he signs and enacts an “Import Certificate” policy as described in Wikipedia’s article entitled “Import Certificates” or he strives to have such a bill passed and runs on a platform to sign such a bill, it’s extremely likely I’d vote for President Donald Trump in 2020.

That bill would effectively eliminate USA’s annual trade deficits of goods, and more than otherwise increase our GDP, numbers of jobs and median wage. Rather than being a net source of tax revenue, the policy behaves as an indirect but effective subsidy of prices to foreign purchasers of USA exported goods.
All the trade policy’s net direct costs are passed on to USA purchasers of imported goods. The substantially market (rather than entirely government) driven trade policy could not halt the importation of any item for which there’s an effective demand among USA consumers of goods.

Respectfully, Supposn