America: we need to have a talk about Free Trade.
Let’s see what it has done to the nation?
NAFTA passed in 1993 with bi-partisan support.
Before NAFTA the US trade deficit was tiny only once touching $150 Billion.
Wages were high.
Corporations did not pay a lot in taxes but also were not making astronomical sums of money either.
So let’s do a before and after and see what free trade will do to the nation?
Before in blue
After in red.
So AFTER NAFTA we have a 400% increase in trade deficit?
What impact has this had?
Corporations can now manufacture anywhere without regard to supporting local labor.
Corporations can now put profits in any nation without regard to supporting the local economy or infrastructure.
So what have corporations done with this?
Well, the amount of taxes that corporations have paid has not changed since the 1980s……
Hence our infrastructure is crumbling.
And yet, the amount of profits that corporations are raking in has SKYROCKETED exponentially!
More profits, but not more taxes is a result of corporations sending profits away along with the jobs.
Yet at the same time: fewer Americans have jobs.
Ever wonder why the rest of the world nations can afford massive infrastructure investments?
And because more people are fighting for fewer jobs: pay is plummeting to below poverty wages and unions cannot compete on a global scale.
Free trade is NOT just about jobs.
Every product that is developed within our borders is taxed to support the infrastructure that it depends upon.
Imports do not support the infrastructure and therefore must have tariffs levied to support the infrastructure that it depends upon.
It is jobs and exponentially more.
The tax break of imports makes the importation of jobs even more competitive.
It is double the effect of outsourcing jobs because now the domestic worker must not only offset the wage disparity but the corporate tax rate as well.
Free trade is a mistake
So when you vote for corporate parties who sell the US to corporations: what you are really doing is creating more wealth for a few at your expense.
This unsustainable greed will collapse this nation.
It has happened before.
It happened because people do not learn, people do not listen.