The US government could prevent foreign ownership of our land by passing a bill. Many other countries have already curbed such foreign investment. Why don't the Republicans do that?
#25 | Posted by Whatsleft
Just more xenophobia. I own my home, you're claiming I should own my home?
Ridiculous.
They play for the same team and we're not on their team.
#27 | POSTED BY LAURAMOHR
WTF are you talking about?
Fair enough, but tariffs will also serve to balance trade.
Please explain, because this makes zero sense, also why is "unabated" gov't spending a good thing?
#20 | POSTED BY ITCHYP
Imagine the trade deficit is 0. Now all the government spending/debt creation now has to stay IN the country. Given its printing money via Bond sales to foreign entities, This will cause inflation internally, also who would buy the treasuries now?
The beauty of the trade deficit is it allow the US to EXPORT dollars to other countries and IMPORT goods, alleviating some of the pressure of inflation internally.
Now lets say the trade deficit continues to increase, this allows the government to increase spending without concern about inflation because those dollars are exported.
The big issue is foreign countries using their USD in the US (buying land, treasuries etcetc), then the US would see inflation funded by the trade deficit, but typically they can't spend all the dollars as they need some to manufacture goods.
All those countries in your list had to do something with the profits, so they convert to US treasuries.
The US Government survives because the US IMPORTS goods and EXPORTS dollars. If it couldn't export the dollars there would be huge inflation as government spending is out of control, and no one to buy the bonds except at super high interest rates.
Tariffs also are targeted taxation, meaning some industries won't be affected by the Tax. Thats the best.
