Ideal Taxes Association

Raymond Richman       -       Jesse Richman       -       Howard Richman

 Richmans' Trade and Taxes Blog



GM and the Balance of Trade -- Ray was published in the American Thinker on Monday
Howard Richman, 8/24/2015

Here's a selection:

The problem is not with importing foreign cars. It is the fact that we have huge trade deficits with China, Germany, and Japan, and trade deficits with Korea and Mexico. China, Germany, and Japan sell to us but do not buy enough from us, resulting in trade deficits and a decline of jobs in the U.S. Apple produces its major products in China and has closed its factories in the U.S. It is more Chinese than it is American. So are Hewlett-Packard and dozens of other American companies. There is nothing wrong with that so long as the countries in which they produce their products buy as much from us as we import from them. The five countries mentioned above do not. We have trade deficits with each of them, which has led to the loss of millions of job and a slowing of the growth of the U.S. economy.

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Comment by Bruce Bishop, 8/26/2015:

Gentlemen,  Your book Balanced Trade is $66.50 on Amazon.  That is outrageous!  I bought it, but I am a balanced trade zealot.  I also wrote a favorable review, but very few people can afford to read it -- even if they want to. 

When that jackass, Harold Sirkin, of Boston Consulting Group published "The U.S. Manufacturing Renaissance," he put it on Kindle for FREE.  It was worth it too.  You can read my one-star review.  Even though his book was trash, he got several favorable reviews.

We need more and more people to become aware of "Balanced Trade" and your excellent proposal for implementation.  Could you possibly make the book a little more affordable?

Response to this comment by Raymond Richman, 8/28/2015:
Dear Bruce, We agree with you and were horrified at the price theyharged. They considered it an economic text and wanted to take advantarary of the college and college librackary market. We shall ask them for permission to publish it as a paperback which would sell at a bout $15. Thanks  for writing. Raymond Richman        




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    Wikipedia:

  • [An] extensive argument for balanced trade, and a program to achieve balanced trade is presented in Trading Away Our Future, by Raymond Richman, Howard Richman and Jesse Richman. “A minimum standard for ensuring that trade does benefit all is that trade should be relatively in balance.” [Balanced Trade entry]

    Journal of Economic Literature:

  • [Trading Away Our Future] Examines the costs and benefits of U.S. trade and tax policies. Discusses why trade deficits matter; root of the trade deficit; the “ostrich” and “eagles” attitudes; how to balance trade; taxation of capital gains; the real estate tax; the corporate income tax; solving the low savings problem; how to protect one’s assets; and a program for a strong America....

    Atlantic Economic Journal:

  • In Trading Away Our Future   Richman ... advocates the immediate adoption of a set of public policy proposal designed to reduce the trade deficit and increase domestic savings.... the set of public policy proposals is a wake-up call... [February 17, 2009 review by T.H. Cate]