Private buyers and sellers transacting for cash has zero impact on national debt. The proceeds may be re-invested, or spent (maybe the seller is old and wants to retire), or any number of things. But, national debt is created when the government issues bonds.
You are making some good points about employment and mfg but I don't think the solution is found in limiting the freedom to sell businesses.
Transactions for trade goods has limited impact if it’s balanced trade where you don’t run a huge trade deficit. Presumably export jobs created offset the loss of jobs to imports.
But that’s not what we do. What we do is buy goods for China and then sell them debt or worse equities to pay for it. That shifts the means of production overseas which causes unemployment which has a huge impact on national debt. It raises the safety net payments at the same time it reduces government revenues. And that causes the government to run red ink which they pay for buy borrowing.
I’m not opposed to preventing sales of businesses to China. We have Congressional committee that reviews sensitive sales, but our Congressmen have so much Chinese stock that they have a bigger financial incentive to do a good job for China than for America.
Transactions for trade goods has limited impact if it’s balanced trade where you don’t run a huge trade deficit. Presumably export jobs created offset the loss of jobs to imports.
But that’s not what we do. What we do is buy goods for China and then sell them debt or worse equities to pay for it. That shifts the means of production overseas which causes unemployment which has a huge impact on national debt. It raises the safety net payments at the same time it reduces government revenues. And that causes the government to run red ink which they pay for buy borrowing.
I’m not opposed to preventing sales of businesses to China. We have Congressional committee that reviews sensitive sales, but our Congressmen have so much Chinese stock that they have a bigger financial incentive to do a good job for China than for America.