So, what is 1% of annual IMPORT OF GOODS AND SERVICES AND INCOME PAYMENTS for the USA?
For 2010 it was two trillion and eight hundred thirty five billion dollars.*
1%. One per cent.
A one per cent tariff would generate 28 billion dollars a year.
In exchange for the 1% the world invests in pax americana.
America could do a lot of things with 1%. America would create a national defense non-oil based transportation system, increase rail speed and capacity to create a logical proportion of ton miles performed between highway and rail, and higher speed rail and capacity would allow for a more efficient method to make passenger miles.
*See: http://www.bea.gov/international/index.htm#bop. Click on "U.S. International Transactions, 1960 to present for an excel file. (Note: 2008 saw a high of $3.2 trillion.)
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