USA goods could be more price competitive

Aug 7, 2010
211
40
Cliffside Park, NJ
#1
USA goods could be more price competitive.
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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.
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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
 
Likes: 2 people
Aug 7, 2010
211
40
Cliffside Park, NJ
#2
But it would likely mean a lower standard of living - no thanks.
Aufgeblassen, I’m unaware of any panacea for our nation’s entire social and economic difficulties but USA’s adoption of the policy as described within Wikipedia’s “import Certificate” article would be of net economic and social benefit to the nation.

Respectfully, Supposn
 
Jul 26, 2009
5,666
406
Opa Locka
#3
1. Automate EVERYTHING.
2. Institute a UBI.
3.???
4. Profit!

Forgive the '00s meme but that's the only way you're going to improve the standard of living in America.
 
Oct 25, 2012
3,775
614
Louisville, Ky
#4
Actually, massively CUT taxes and handouts, and the economy will thrive with increased standard of living for EVERYONE who chooses to actually participate in the economy, rather than just be a leech/freeloader on it. :smug:
This has been tried in real time and failed dramatically...Trickle down is what we are dealing with currently. At issue is the tendency for the rich and powerful to direct said tax cuts to them selves through manipulation of the system which causes society to direct the "Handout" part to the individuals not receiving those "Massive Cuts" Unless the tax system involves a means of correcting this disparity it will not allow for universal prosperity.
 
Likes: 2 people
Aug 7, 2010
211
40
Cliffside Park, NJ
#5
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 strived to have such a bill passed and runs on a platform to sign such a bill, I would extremely likely to 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 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
 
Feb 8, 2013
1,172
173
just past the moons of Jupiter
#6
This has been tried in real time and failed dramatically...Trickle down is what we are dealing with currently. At issue is the tendency for the rich and powerful to direct said tax cuts to them selves through manipulation of the system which causes society to direct the "Handout" part to the individuals not receiving those "Massive Cuts" Unless the tax system involves a means of correcting this disparity it will not allow for universal prosperity.
We aren't really. We are in a socialistic economy. That absolutely doesn't work.
 
Oct 25, 2012
3,775
614
Louisville, Ky
#7
Worked GREAT under both Reagan and Kennedy. Will work again like clockwork.
The effects of this economic philosophy took many years to truly be felt, though in the short term the results of stimulation on the most wealthy were helpful. The end result has been primarily negative on the majority and led to eventual stagnation of wages due to one of the most base human societal foundations......GREED.
 
Likes: 1 person
Feb 8, 2013
1,172
173
just past the moons of Jupiter
#8
The effects of this economic philosophy took many years to truly be felt, though in the short term the results of stimulation on the most wealthy were helpful. The end result has been primarily negative on the majority and led to eventual stagnation of wages due to one of the most base human societal foundations......GREED.
That is why a liassez faire approach should be adheard to.

Greed is something you'll never escape. In other firms of economy it causes the same problems. Many times worse.
 
Likes: 1 person
Aug 7, 2010
211
40
Cliffside Park, NJ
#9
That is why a liassez faire approach should be adheard to.
Greed is something you'll never escape. In other firms of economy it causes the same problems. Many times worse.
Excerpted from the 2:04 PM, 6Dec2016 post:
That bill, [i.e. a federal bill to enact USA’s Import Certificate policy for our global trade] 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 government) driven trade policy could not halt the importation of any item for which there’s an effective demand among USA consumers of goods.
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Polydectes,The entire federal expenditures, such as assessing values of goods passing through USA’s borders and administration costs, directly due to this trade policy, are passed on to importers of goods entering the USA and thus eventually to the final USA purchasers of imported goods. Any additional costs to the importers are entirely due to markets’ behaviors and are also passed on.
Those same additional costs are an indirect price subsidy of USA’s exported goods at no additional cost to anyone else.

Regardless of the lesser purchasing powers of other nation’s wages, any manipulation of currency exchange rates or other mischief to undermine USA’s global trade, this substantially market driven trade policy assures that USA’s GDP and numbers of jobs would be be no less and generally more than otherwise.

Respectfully, Supposn
 
Likes: 1 person