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Old 11-30-2016, 04:54 AM  
Paul Markham
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
Once they control politicians, they have the people by the balls.

Globalisation means two things.

1. Exporting jobs to countries where workers are cheap.
2. Importing workers who will compress wages in the West.

The long term effects are already here. It ends up with more people relying on the taxpayer's purse that's constantly shrinking. Equals higher debts.

Cutting taxes on the rich doesn't work, because it only shrinks tax revenue. No tax cuts can substitute the costs of labour at $1 an hour when forced to pay $12.45 an hour.

The corporations aren't run by people who care much about the country or continent they were born in or their fellow citizens. They only care about amassing the personal wealth and power.

Trump is just slightly better than Clinton in that he promises to slow down the process. If he doesn't will Americans vote in someone who will change their lives for the better?

An additional 1% import tax on imports would raise $225 billion. Raise it 10% $2.2 trillion and maybe more people would be reluctant to send jobs abroad. Don't worry about China hitting back, they can't afford a trade war.

https://en.wikipedia.org/wiki/List_o...nited _States
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