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Lawmakers and 70+ Advocacy Groups Call on North American Leaders to #ReplaceNAFTA


#1

Lawmakers and 70+ Advocacy Groups Call on North American Leaders to #ReplaceNAFTA

Jessica Corbett, staff writer

"We have to stand strong for a trade policy that lifts up workers, safeguards human rights, and protects the environment, not one that simply hands more power and profit to massive corporations."

Sen. Bernie Sanders (I-Vt.)

#2

Their intentions are good but they all seem afraid of mentioning the word “tariff”. Short of quotas, meaningful tariffs are the ONLY way to keep jobs from being off-shored.

I’d recommend tariffs of, say, 20% on all manufactured goods with this tariff revenue paid out equally, tax-free to all adult citizens.

If this caused our last year’s $2.6 trillion in imports of manufactured goods to fall by 1/3rd (just a guess) it would raise about $350 billion in tax revenue. That would be enough for about $1,665 each for all 210 million adult citizens.

If the average price of the American made good replacing the import was 20% higher and the imports still being purchased were 20% higher, then a 2-adult household receiving $3,330 would have to have been buying $16,650 worth of manufactured goods per year in order to come out worse ($3,330 divided by 20%).

If our exports dropped by 1/3rd also, then our trade deficit in goods would be about $260 billion less than it was last year. If we produced ourselves, for our own consumption, this $260 billion drop, then we’d have several million more employed, higher tax revenue, and lower welfare type payments.

All countries should do the same.


#3

The WORST part of NAFTA (and CAFTA, the TPP and the W.T.O.) isn’t the offshoring of jobs, it’s the ‘dispute resolution’ process that forces behind-closed doors “arbitration” of a nation’s health and safety laws that some greedy Multi-NaZional Korporation claims are “in restraint of trade” if the laws decrease its profits even a little.

And I totally agree with Sister Simone Campbell: