Quote:
Originally Posted by gleem
The other side of your argument is that there was no incentive to keep jobs here in the US, as doing business overseas is cheaper both because they don't have to deal with unions and pensions, and mountains of red tape. The average american wouldn't accept a lower wage and would rather be on the dole, so they took the job to those that are willing to do it.
What are the incentives to keep jobs here? All I'm hearing is tax the snot out of the companies and rich people who run companies and then give more money to those with no jobs.
This is the other side of the philosophy that is at the crux of the problem.
How about 25% import taxes on raw materials that are easily available in this country, giving companies a zero tax on money they bring in from offshore accounts if they use the money to directly pay someone's salary. How about the US govt' matching $ for $ aany American company making anything here in the US by Americans for another "Buy American" media campaign. Us gov't has no money to spend on this? Redirect money from the bullshit wars we are in, or simply fix the fraud in all the entitlement programs to pay for it.
These are things to help americans. The real problem is there's no true patriotism anymore, even the saying of a pledge of allegiance to the US is being banned in schools.
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Actually they dont tax the snot out of companies, google paid like 4% in taxes with all the loopholes . You make great points but its not unions and pensions. Its the chinese willing to work for 30 cents an hour and the chinese government manipulation of the currency so its even cheaper to manufacture in china. Also in 1980 the avg CEO was paid 42 times the avg worker,now it's 531 times the avg worker. That money has to come from somewhere.
You would have to make it too expensive to build things out of the country. You would have to do monster tariffs and that's not going to happen. Rich people dont create jobs demand creates jobs, middle class spending is a big part of the economy. I dont think its coming back, 9 percent unemployment is going to be the new normal .This was a long time coming.
One more thing to think about they said all the same exact talking pointd when Clinton raised the rate 3 percent. Job killer,etc ,etc and there was great prosperity. The 50's things boomed and the highest tax bracket was 90 percent.