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In traditional manufacturing industries,
economists have long recognized a direct relationship between business
capital investment and wages. That is, more capital investment per worker
increases worker productivity and drives labor rates higher.
American industry, searching for higher profits through lower costs,
shifted domestic investment and production to foreign lands where labor
costs are much lower. This shift created a double jinx on formerly
high-paying secure jobs in our once relatively stable industrial
environment. That is, America suffers from less local investment coupled
with more local unemployment and local workers shifting to lower paying
jobs.
NESARA counters these effects in several ways:
- NESARA stimulates the national economy through debt reduction. This
reduction of debt creates more disposable income and immediately
increases the consumption of consumer goods which provides additional
incentive for their production.
- Reduces the debt burden for previous domestic capital investment and
lowers the cost for future domestic capital investment, thus
stimulating expansion of domestic production facilities.
- The hidden embedded domestic production costs of an inefficient
income tax system are eliminated, lowering the cost of domestic items.
Nationally, the revenue is replaced dollar for dollar by a national
sales tax. The combined effects of lower domestic production costs and
the additional cost of a sales tax on imported items eliminates much
of the free ride previously enjoyed by imported items, thus
encouraging domestic production instead of foreign.
Even though the exact magnitude of these projected outcomes are
unpredictable, all proposed changes in NESARA are focused in the right
direction to restore high-paying jobs, a statement typically untenable
with many of the bills passed by Congress.
More information about, and a copy of the
bill, are located on this web site. |