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Dr. Who, this proposal offers no solution for our trade deficit of petroleum goods, so it simply bypasses dealing with that problem.


I haven’t lately looked at the trade figures regarding our trade baslance of service products.  Due to improved speed, quality and prices of communicating data, increasingly more tasks do not require geographic proximity.  We’ve already begun to lose service jobs and that trend will continue at an increasingly greater rate.  I’ve encountered extremely little discussion and no reasonable proposal that could significantly halt or reduce our losses of service jobs due to foreign outsourcing.

  

the proposal doesn't apply to scarce minerals or to  minerals that could be used as a substitute for money.  This proposal offers an excellent remedy for our trade deficit of goods.  It is not global trade but rather global trade deficits that’s ALWAYS detrimental to the nation’s gross domestic product, (GDP).


Regardless of labor cost differences or manipulation of currency exchange rates or any global trade mischief that now or in the future will befall us, regardless of any perpetrators of global trade mischief (within or beyond our borders), this trade proposal would significantly reduce our trade deficit while improving our GDP more than otherwise.


Our current trade policy has for more than a half century been detrimental to our GDP and our median wage.


Respectfully, Supposn


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