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Old February 1st, 2013, 05:49 PM   #1
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Reduce the trade deficit; increase GDP and median wage

Reduce the trade deficit; increase GDP and median wage

I'm a proponent of an economic stimulus proposal lacking any net government expense. I'm among those favoring Warren Buffett's concept underlying the proposed S-3899 Dorgan/Feingold Balanced Trade Restoration Act that was proposed to the 109th session of the U.S. Senate. The bill would significantly reduce USA's trade deficit of goods and induces increasing USA exports.

Trade deficit's detriment to the gross domestic product, (GDP) exceeds the amount of the deficit itself. Anything detrimental to the GDP is generally detrimental to the median wage.

As proposed to the U.S. Senate, goods leaving the USA would be assessed and transferable IMPORT certificates for their assessed value would be issued to the exporter.

Importers would be required to surrender transferable IMPORT certificates for the assessed value of their goods entering the USA. Surrendered certificates are cancelled. This would significantly reduce our trade deficit and induce the sum of our imports plus exports to increase.

I concur with those who fault the 2006 draft as proposed. We advocate assessment of goods from the USA and issuance of the valuable transferable IMPORT certificate be done only for exporters choosing to pay fees (to cover all federal assessment and administrative expenses). Exporters of USA goods will be sufficiently motivated by the opportunities for additional profits.

We also believe that 2006 draft should have excluded the value of specifically listed scarce or precious minerals integral to goods being assessed. We desire discouraging export of gem studded cast gold paper weights in order to import hi-tech manufactured goods. We also want to bypass the political issues of crude oil and natural gas. With regard to precious gems, ores, and metals, this is a "deal buster". The lack of their exclusion would undermine (if not completely evade) the proposal's purpose.

GDP and median wage are the most indicative measures of current production and distribution of wealth. Due to significantly reducing our trade deficit of goods and supporting our exports, this proposal would increase USA's GDP and median wage. USA's global trade will thrive, but in both directions. We can continue enjoying cheap, (but not the absolute cheapest) foreign goods.

This is a permanent economic stimulus that doesn’t require federal disbursement or risk of trillions of dollars. There is no net expense to our government. I'm aware of no single economic proposal that could accomplish all this with less government intervention or less increased prices of imported goods.

Respectfully, Supposn
Refer to: Import Certificates - Wikipedia, the free encyclopedia
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Old February 2nd, 2013, 07:35 PM   #2
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Originally Posted by Supposn View Post
Reduce the trade deficit; increase GDP and median wage

I'm a proponent of an economic stimulus proposal lacking any net government expense. I'm among those favoring Warren Buffett's concept underlying the proposed S-3899 Dorgan/Feingold Balanced Trade Restoration Act that was proposed to the 109th session of the U.S. Senate. The bill would significantly reduce USA's trade deficit of goods and induces increasing USA exports.

Trade deficit's detriment to the gross domestic product, (GDP) exceeds the amount of the deficit itself. Anything detrimental to the GDP is generally detrimental to the median wage.

As proposed to the U.S. Senate, goods leaving the USA would be assessed and transferable IMPORT certificates for their assessed value would be issued to the exporter.

Importers would be required to surrender transferable IMPORT certificates for the assessed value of their goods entering the USA. Surrendered certificates are cancelled. This would significantly reduce our trade deficit and induce the sum of our imports plus exports to increase.

I concur with those who fault the 2006 draft as proposed. We advocate assessment of goods from the USA and issuance of the valuable transferable IMPORT certificate be done only for exporters choosing to pay fees (to cover all federal assessment and administrative expenses). Exporters of USA goods will be sufficiently motivated by the opportunities for additional profits.

We also believe that 2006 draft should have excluded the value of specifically listed scarce or precious minerals integral to goods being assessed. We desire discouraging export of gem studded cast gold paper weights in order to import hi-tech manufactured goods. We also want to bypass the political issues of crude oil and natural gas. With regard to precious gems, ores, and metals, this is a "deal buster". The lack of their exclusion would undermine (if not completely evade) the proposal's purpose.

GDP and median wage are the most indicative measures of current production and distribution of wealth. Due to significantly reducing our trade deficit of goods and supporting our exports, this proposal would increase USA's GDP and median wage. USA's global trade will thrive, but in both directions. We can continue enjoying cheap, (but not the absolute cheapest) foreign goods.

This is a permanent economic stimulus that doesn’t require federal disbursement or risk of trillions of dollars. There is no net expense to our government. I'm aware of no single economic proposal that could accomplish all this with less government intervention or less increased prices of imported goods.

Respectfully, Supposn
Refer to: Import Certificates - Wikipedia, the free encyclopedia
All any nation needs to do is to put import tariffs on other nations that use slaves and currency props. But this will NEVER happen because those nations that complain about slave labor abroad...are running that very same slave labor abroad.
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Old February 4th, 2013, 06:03 AM   #3
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All any nation needs to do is to put import tariffs on other nations that use slaves and currency props. But this will NEVER happen because those nations that complain about slave labor abroad...are running that very same slave labor abroad.
Tony, I prefer the USA negotiate with other trading the nations for their treating USA products no less favorably than their treatment of other nations’ products attempting to participate within their domestic markets; (i.e. no nation shall treat USA products as those of a less favored nation).

It’s unreasonable for the USA to treat the imported products of a particular foreign nation less favorably than that of imports from other nations.
This unilateral trade proposal assesses approximate market value of goods in U.S. dollars within USA ports.

It does not compromise the sovereignty of our nation and does not challenge the sovereignty of other nations.
I regret that our government does not now diligently defend our own sovereignty. If additional laws are needed to defend our sovereignty I regret we do not pass them.

We should refrain from negotiating away our own sovereignty and/or trespassing upon the sovereignty of others. Such agreements are too often ignored or evaded and thus do more harm than good.

The proposal for an Import Certificates trade policy are ADDITIONAL unilateral criteria’s for bringing goods into the USA. It doesn’t negate any existing USA law I’m aware of; it’s compatible to any proposed future laws, (including your suggested laws) that I’m aware of.

Respectfully, Supposn
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Old February 4th, 2013, 12:21 PM   #4
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An excellent idea, why isn't this Bill brought to the floor with the adjustments you mentioned.
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Old February 4th, 2013, 09:03 PM   #5
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An excellent idea, why isn't this Bill brought to the floor with the adjustments you mentioned.
Because they are part and parcel to it...
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Old February 13th, 2013, 02:14 AM   #6
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An excellent idea, why isn't this Bill brought to the floor with the adjustments you mentioned.:huh:
Roast Pork, I posted ””Reduce USA's trade deficit and increase our GDP and median wage” upon We the People,
a new feature on WhiteHouse.gov, and ask for your support. Will you add your
name to mine? If this petition gets 100,000 signatures by March 15, 2013,
the White House will review it and respond.


You can view and sign the petition here:


http://wh.gov/dBww
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Old February 14th, 2013, 08:23 AM   #7
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Kinda hard to reduce the trade defict when our POTUS

has lost 3,000,000 manufacturing jobs

moved GM Plants to China

sold Crysler to Italians

Bankrupted our Green Energy companies
Signed a Contract with a China to supply all Green Energy grids for Federal Buildings
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Old February 14th, 2013, 10:33 PM   #8
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Kinda hard to reduce the trade defict when our POTUS

has lost 3,000,000 manufacturing jobs

moved GM Plants to China

sold Crysler to Italians

Bankrupted our Green Energy companies
Signed a Contract with a China to supply all Green Energy grids for Federal Buildings
Maybe we can sell Obama to China???
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Old February 17th, 2013, 08:14 AM   #9
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Transferable import certificates vs tariff policy

Transcript of message within “transferable import certificates vs tariff policy” topic;
Transferable Import Certificates Vs A Tariff Policy
///////////////

Originally Posted by imaginethat
............. What is it about the free market you don't like?... I wonder what it is that annoys you so about the concept of a free market....
/////////////////////////

Imagine that, I’m a proponent of free enterprise and of global traded. I ‘m not a particular promoter of government intervention.

We have precedence for government recognizing the principles chose to engage and they may profit from some agreements and activities, but our laws recognize that those practices are detrimental to our society and deem them to be illegal.

Wage earning families benefit from the cheapest possible priced imported goods.

The consequences of our policies that induce the absolute cheapest prices are of net financial detriment to wage earning families and the economy of our nation. Within a transferable Import Certificates policy, we can continue to enjoy cheaper, (but not the absolute cheapest) prices of imported goods. We cannot afford the absolute cheapest priced imports.

Refer to http://wh.gov/dBww .

Respectfully, Supposn
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Old February 17th, 2013, 09:03 AM   #10
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there's some merit here, nut it seems to ignore what effect this would have on the exchange rate of the dollar. Everyone talks up a strong dollar, but a weak one helps exports, so if this strengthened the dollar it would be self defeating.
People can simply choose to buy American if they want, but the domestic political policies that have been limiting wages almost force people to buy cheap imports.
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