This idea is not my own and I am making that clear. I found this on the website votefordemocracy.org where people can go and propose “ballot questions” and candidates and vote on them. Below was a ballot question that was vote heavily in favor for (46 For, 6 Against).
“Every 3 months import duties will increase or decrease by the following formula: If imports exceed exports by 10% using the past 12 months imports/exports data, all imported raw materials, goods and services (for US consumption) shall be subject to an increase in import duties of 1/2% for future imports, correspondingly if exports exceed imports by 10% duties shall be reduced by 1/2%, but not below zero. Implementation of the above is realistic in that changes are relatively small and somewhat predicable so business interests can plan accordingly.”
The services that were mentioned mean “foreign call centers servicing US customers, engineering and product development services that are a component of products sold in the US.”
This is a solid plan and I hope that somehow this gets into the mainstream political discussion.
