• On The Economy

DEAR CONGRESSMAN LOWENTHAL

Please find Plan Proposal to finance Our Infrastructure Rebuilding. As reported by Bloomberg News, Our Infrastructure Rebuilding Program will cost $2 Trillion Dollars. And both parties are at a loss for a way to completely fund such a massive undertaking. If I can be of help here is a way>>>

Begin requiring ALL Foreign Corporations doing business here marketing their import products/goods Here (cars, computers, etc.) especially those Foreign Corporations selling those products/goods which are also produced here domestically; i.e., those items In Direct competition with that which is being manufactured here domestically, THAT with a percentage of their profits (these Foreign Corporations) THEY be required to purchase U.S. Treasury Bonds to help finance Our Infrastructure Rebuilding.

REASONING: Per statistics (which I can furnish), Foreign import product-goods account for 16% of total sales here in the United States. Foreign Corporations importing their products/goods over here use our ports and harbors as their points of entry. And once here EMPLOY our Railroads and highways to transport their goods all over the country for final destination to wholesalers and eventual distribution to retailers, showrooms and storefronts. Once these items are purchased by the American public, our highways, roads, bridges, electrical/modern technology grids, gas water pipeline and waterways MAKE IT POSSIBLE for the American public to use such imported goods (albeit such Infrastructure is used equally for products and goods produced domestically here.)

Therefore, in all FAIRNESS, it is only being asked that Foreign Corporations be responsible for their FAIR share of Our Total Infrastructure Rebuilding; i.e., 16% of $2 Trillion; that is $320 Billion. Now it should be a straight-up, one-time Surcharge but–you know and I know–the world will claim foul; that it’s yet another Trump Tariff! Then I suggest approach #2 would be in order—to require these Foreign Corporations to purchase the World’s Most Solid & Reliable Moody’s Triple AAA Investment Instrument: U.S. Treasury Notes!!!

This would not hurt these Foreign Corporations doing business selling their imports here. These Bonds are totally negotiable. These Foreign Corporations can collect the interest every year. If they don’t like that, they can block sell these bonds at a slight discount. There are literally many institutional investors that will buy these instruments. In fact, this could very well result in a Secondary Bond Market being created and operated in much the same manner as Our Secondary Mortgage Market. A Boon for our Economy!

Also if a foreign Corporation wanted to open a plant or dealership or stores in another country—say if Toyota wanted to open up a dealership in Indonesia, They just take their U.S. Treasury Bonds to any bank in Indonesia and use these bonds as collateral to get a construction loan in Indonesian currency to hire an Indonesian construction company to build their new plant. What bank wouldn’t want U.S. Treasury Bonds as collateral for a loan?? This process could be repeated many times over with Foreign Corporations doing business all over the world. As the dollar is already the world’s unofficial ad-hoc currency, so will the U.S. Treasury Bond become the next unofficial, utilitarian currency for major world institutional investors in a way it’s not now.

We must begin to think about these things as China gains world economic power. For us, the U.S., to maintain a central say-so amongst the World’s Nations and (their) Central Banking Systems we must not only continue to promulgate the use of the Dollar throughout the world but must devise a way to do the same with its close exchangeable relative—U.S. Treasury Notes!! This IS the ONLY Way to maintain Our Legacy as our economic might fades in favor of the new rising star on the world stage–China.

Also, taking this idea to the next level—that is requiring Foreign Corporations, in general, doing business here selling their imports in direct competition with domestic producers to purchase with a percentage of their profits in relation to what they sell here; i.e., 16% of total sales here in this country, it would NOT be unreasonable for the U.S. to begin to require such foreign corporations to purchase U.S. treasury bonds to help fund/finance Our Annual Budget on a YEARLY BASIS!!

For example, our projected budgetary requirements for this calendar year 2019 will be $5,111,364,000. 16% of that is $800+ Billion. Incidentally, this figure is just about what experts agree will be our projected annual budgetary shortfalls for the next seven (7) years under Trump’s current Tax Plan before lapsing (actually this figure is predicted to be closer to $1 Trillion per year.)

Why shouldn’t these Foreign Corporations selling their imports here where the average person BECAUSE OF our standard of living (due in large part to what the government spends: i.e., Our Annual Budget) allows each resident/citizen to purchase almost anything based upon average wage incomes earned and available credit? It’s not just infrastructure that makes for this The Greatest Economy in the World—The Greatest Marketplace on Earth but everything else that we taxpayers both individual and corporate help maintain: military power and readiness to protect the world, homeland security and local law enforcement to keep our Nation secure this The Greatest Department Store on the Planet so that we can ALL safely conduct business which in no uncertain terms benefits foreign corporations AS WELL doing business here. There are many things that we pay for that produces the highest standard of living that reflects in the ability for the average person to purchase just about anything. And the quality of life we bring which contributes to everyone around the world. Aids and cancer research. We have the greatest health care system in the world! People come here for medical care. Old-age benefits which allows the retired to continue to purchase goods, BOTH domestic and IMPORTED! One could go on and on about how the US Government through its Annual Budget Regimen maintains a stable business atmosphere for the ENTIRE WORLD!!!

We as a nation go out of our way to maintain the highest standard of living WHICH ADDS TO OUR TOTAL PURCHASING POWER A BENEFIT TO FOREIGN CORPORATIONS! This costs money; i.e., this year alone 2019–$5,111,364,000!! And I’m not saying foreign corporations should pay a tax as we do! Or a tariff which would set off yet another trade war!! But simply help Us Out! Loan Us the funds! Help us finance this monumental $5,111,364 cost  for this year alone! THIS BENEFITS EVERYONE NOT JUST U.S. CITIZENS BUT ALL (DOING BUSINESS) HERE!!! And again, it would be a LOAN via the Highest Investment-grade instruments in the World which can easily be resold AND used as collateral around the world–a TOTALLY LIQUID ASSET!!

Thank you for your time in reading this. If you like this idea, I have others:

A way to promote Full Consumption which in turn leads to Full Production which in turn leads to Full Employment.

Long-Term Low Interest Rate Stabilization.

The Freeing Up of Money Supply for Domestic Use: i.e.,

Consumer Spending, Business Maintenance and Growth, Future Investment

The Promotion of Overseas International Investments

Getting a Handle on Our Mounting, Growing, Cumulative National Debt

Keeping The Dollar Strong

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A PLAN FOR HEALTHCARE COVERAGE FOR ALL This Plan would be Comprehensive Universal Healthcare Plan for ALL and would be a hybrid of Private Coverage

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