When money goes overseas there are many factors to consider. Only a percentage of that money ever comes back in any form.
The money is removed from the economy. It doesn’t get spent to pay wages, buy food, pay mortgages, or even pay taxes.
Its gone. Its wealth redistribution.
They put it under their pillow?
The money is removed from the economy.
They eat it? Burn it?
It doesn't get spent to pay wages, buy food, pay mortgages, or even pay taxes.
They take our money in exchange for their goods and don't use it for anything? How is that bad for us?
Its wealth redistribution.
If I buy some German beer for my dollars, I've exchanged value for value.
Only when the government takes my money and gives it to another is it wealth redistribution.