There is no hiding the fact that we are a consumer nation. Americans consume more than they produce. The average person spent about $407.23 on Black Friday last year. In total, $57.4 billion dollars was spent in 2013. That number is actually 2 billion less than the year before. These numbers are staggering and should actually be boosting our local and national economy. Why isn’t it? Because most of the items that we are purchasing are imported goods from other countries, making our dollars leave our shores and go overseas.
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Just as when a healthy body comes into contact with a diseased one and contracts its illnesses, a healthy nation engaging in trade with a relatively unhealthy one can also catch all sorts of maladies. A certain layer of prudent protection is required or the healthy nation will grow sick. And just as a sickness can cause chain reactions leading to all manner of other problems, a trade illness can bring about the same state of affairs for a nation. America has caught a fever but refuses to recognize it, and the fever is running rampant through our national body, untreated and looking to grow worse. A Border Adjustable Consumption Tax could be the answer we need.
Our nation’s economy has a one way ticket running straight to the ground. Our jobs are shipped overseas due to the so called “Free Trade” agreements our political leaders have forced on us. Our middle class is diminishing and our trade deficit is growing by every second. Things are only getting worse.
Once the wealthiest city in America, known as the “arsenal of democracy,” Detroit was the fourth largest city in the U.S. in the 1960’s, with a population of two million. Now a microcosm of everything that is wrong with the American economy, Detroit has become nothing more than a devastated landscape of urban decay with a population of about 700,000.