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.
Cox writes–“Yes, it removes money from the overall economy, but the revenue better enables the state and local governments to keep police officers, firefighters, and teachers employed, while not coincidentally funding essential services, including that unemployment insurance so desperately needed by those out of work. That money goes right back into the economy.”….but thats a lie because directly or indirectly all the new revenue goes towards debt (pension debt) for are promised public sect ,zero risk/ zero layoff under compensated heros (129,000+ projected pension tax free millionares at state level alone) because paying the pensions comes ahead of paying for… Read more »
“Yes, it removes money from the overall economy,…That money goes right back into the economy.” Why not just skip the middle man and have everyone work for the government?