Quote:
Originally Posted by bronco67
I think what Trump doesn't understand is that "trade" is just that. Trade.
It's not always about getting more than the other guy. There are other long other term interests to be served and it's more complex than just getting a shit deal or a good deal. But that's how Trump sees things as a one dimensional thinker where everything has a binary outcome.
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Balanced trade means you sell $100, you buy $100. You employ one man in the home country, you employ one man in another country. It is that simple.
At the moment the US isn't doing that, it's selling $90 and buying $110 dollars. This immediately hits your tax funds because you haven't paid enough in wages to raise enough in taxes. So debt increases.
The upside is it puts more money into the pockets of the1% who avoid paying taxes far more than the less wealthy. So with governments owned by big corporations, it continues to get worse.