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Unlike tariffs, REGARDLESS of how small of price additions to USA purchasers of imported goods, this policy will extremely significantly reduce, if not entirely eliminate USA's chronic annual trade deficits of goods while increasing our numbers of jobs and our payroll amounts more than otherwise.
Unlike tariffs, exporters of goods request, (they are not required) to pay the federal rates based upon the values of their individual export shipment that are assessed prior to leaving the USA. Their motivated to receive transferable Import Certificates of denominations equal to their cargos’ assessed values.
Without such a request and payment of the federal fee, the exported goods are not assessed, and no certificates are issued.
Unlike tariffs, importers of goods into the USA must surrender transferable Import Certificates of denominations to cover the assessed values of goods entering the USA. Money rather than certificates are unacceptable. Surrendered certificates are not reusable.
Unlike tariffs, the Import Certificate fees paid by exporters of U.S. goods are annually adjusted to defray federal direct expenditures due to USA’s Import Certificate policy. The federal government is prohibited from setting those the fee rates to be a net source of tax revenue.
Unlike tariffs, global market values of the transferable Import Certificates that reflect more than the U.S federal fee rates, serve as indirect but effective price subsidies of USA’s exported goods.
For a nation that otherwise expects annual trade deficits of goods, Import Certificate policy is superior to pure free trade or to tariff policy.
In terms of their effect on both the movement of the IS Curve and Long Range Aggregate Supply, how do they [i.e. Import Certificates in comparison to tariffs?] differ? Why do they not impact these the same way other tariffs do? What properties do they have that offset the impacts other tariffs have?
SkyDog77, what specific effects upon “both the movement of the IS Curve and Long Range Aggregate Supply” are you referring to? Is whatever you're referring to germane to USA"s annual trade deficits of goods? Respectfully, Supposn
SkyDog77, what specific effects upon “both the movement of the IS Curve and Long Range Aggregate Supply” are you referring to? Is whatever you're referring to germane to USA"s annual trade deficits of goods? Respectfully, Supposn
How does an import certificate move the IS Curve or affect LRAS in a different way than any other tariff?
I have already explained the moves in these curves caused by tariffs. How is what you are proposing different?
How does an import certificate move the IS Curve or affect LRAS in a different way than any other tariff?
I have already explained the moves in these curves caused by tariffs. How is what you are proposing different?
Quote:
Originally Posted by Supposn
SkyDog77, what specific effects upon “both the movement of the IS Curve and Long Range Aggregate Supply” are you referring to? Is whatever you're referring to germane to USA"s annual trade deficits of goods?... Respectfully, Supposn
SkyDog77, if as you stated, you have “already explained the moves in these curves caused by tariffs”, please provide the link to your post. I do not recall it.
I’m concerned regarding the reduction of jobs and their wages that due to annual trade deficits. USA’s chronic annual trade deficits of goods’ are net detrimental to our nation’s economy. Do the consequences you’re referring to reduce those economic detriments? I do not suppose they eliminate those detriments.
Respectfully, Supposn
SkyDog77, if as you stated, you have “already explained the moves in these curves caused by tariffs”, please provide the link to your post. I do not recall it.
I’m concerned regarding the reduction of jobs and their wages that due to annual trade deficits. USA’s chronic annual trade deficits of goods’ are net detrimental to our nation’s economy. Do the consequences you’re referring to reduce those economic detriments? I do not suppose they eliminate those detriments.
Respectfully, Supposn
SkyDog77, what specific effects upon “both the movement of the IS Curve and Long Range Aggregate Supply” are you referring to? Is whatever you're referring to germane to USA"s annual trade deficits of goods? Respectfully, Supposn
Quote:
Originally Posted by Supposn
SkyDog77, apparently, neither one us knows what you’re referring to. Respectfully, Supposn
Why are you cross posting this? What is the point of creating 5+ threads on the same topic and then replying to this thread with quotes of other threads?
Why are you cross posting this? What is the point of creating 5+ threads on the same topic and then replying to this thread with quotes of other threads?
Lowexpectations, excerpted from a post within the thread “A trade deficit indicates the nation consumed more than it produced”:
Quote:
Originally Posted by Supposn
SkyDog77, the topic of this thread is “A trade deficit indicates the nation consumed more than it produced”. Import Certificates are a proposed remedy to USA’s chronic annual trade deficits of goods. There’s no point to discussing Import Certificate policy within this thread where some are arguing USA’s chronic annual trade deficits have not been or will be net detrimental to our economy. …
… I’ll defend the concepts of Import certificates against all other existing or proposed USA policies for our international trade within the thread “Comparisons between tariffs and Import Certificate policy”. …
Respectfully, Supposn
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