So I assume this is Kyle Bass, Hedge-Fund boy whose income -errrr- I meant to say, "carried interest," will be taxed, at-most, at 15% this year? Sorry if I skipped-over someone who has already asked this, but what about the assumptions contained in his original question?
He asks, ‘How are we going to grow exports if we won’t allow nominal wage deflation?’
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So, that's the only answer. It’s a dead answer. But, that’s where we’re headed.
His question implies, "The only answer I find acceptabe is 'nominal wage deflation,' so let's start lowering these pesky Americans' wages."
So, cutting all our pay, that's his only answer. It’s a dead answer. But, that’s where we’re headed.
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