Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
A common sense move by an intelligent person. A friend of mine just sold a house for $700k in the south suburbs– at a half million dollar loss. Has a $26k property tax bill. He bought a new house in Tennessee for $500k with the same square footage with a property tax bill of $1,200– per year not per month. So if you figure on a 20 year life in the same size house, that new house probably pays for itself and is basically free to him. Is that the “weather”? Or is that the “science”.