itsSIRtou
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ORIGINAL: heavyblinker
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ORIGINAL: Nnanji
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ORIGINAL: heavyblinker
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ORIGINAL: Nnanji
Because when multinational corporations see a corporate tax rate in the U.S. Of 35 percent and corporate tax rates in other countries at 15 percent they leave the money outside the U.S. And create jobs with it outside the U.S.
Since corporations don't pay taxes, they just pass the cost along to consumers, that makes American made products twenty percent more expensive than foreign products. It's a nice redistribution of wealth away from the U.S. And profitable for multinationals, but it sucks for people in the U.S.
Wow, I haven't seen this argument in a long time... I thought that people stopped making it.
90% of businesses don't even pay that tax.
http://www.forbes.com/sites/timworstall/2014/12/23/more-than-90-of-us-businesses-dont-pay-the-corporate-income-tax/
But anyways what does that have to do with creating jobs? Machines are still cheaper than people. Foreign labor is still cheaper and just as if not more skilled than domestic labor. A lot of manufacturing moved to get away from unions and environmental standards, not because of taxes they weren't even paying. These profitable industries will just take the subsidies and put it in their pockets.
Protectionism will do a lot more to raise the prices of goods than the useless taxes ever will.
Apparently you didn't follow the election as closely as you'd have us believe.
Comments like these are frustratingly obscure.
If you're referring to Trump's amazing plan to bring all the jobs back, then I don't know how he's ever going to keep prices down. I can't imagine that foreign markets are going to allow America to raise the tax on imports without doing the same to America. I honestly don't even think that Trump or any of his legions have thought that far ahead.
Even if American manufacturers sell exclusively to American consumers, they're going to have to pay their workers more and obey environmental standards, assuming Trump even keeps the unions and environmental regulations.
If he doesn't keep the unions then why did you just disrupt global trade for the sake of a lot of low-paying, mind-numbing jobs that no one in their right mind would want?
If he forgoes environmental standards, then have fun living in a toxic wasteland, because it's going to take a lot of polluting to bring prices down to acceptable levels.
If he subsidizes every single industry to keep prices low, where is the money going to come from?
There is just absolutely no way that this is not going to be a disaster.
What I think (t)rump's going to do is create another recession.. Like a Great Depression.... Like A stockholder-jumping-out-of-the-windows deep Great Depression. Why?
1. Every union contract under the sun goes out the window.
2. Never mind $15 an hour for wages, workers having to fight each other for one dollar an hour jobs will be common place.
3. How does one make money in the stock market? Buy a stock cheap, sell at its top price. When is a stock cheapest? During a recession!!
3. Of course programs like welfare, & medical assistance will be replaced with slave labor type work-based programs. "Working homeless" becomes an even bigger thing.
4. The south rises again as the industrial center of the nation, as jobs get taken from the liberal north, to a no/low tax, unregulated south where a worker "dog-eat-dog" government-out of-the-way-of business haven emerges.
5. The immigration problem is solved, - Mexico & Europe pays better wages than the USA,
6. Gasoline is $.50 a gallon again, because the poor and the middle class can't afford cars & insurance. Cheaper leaded gas is back because emissions laws are repealed.
See? America's great again!! (Sarcasm)
< Message edited by itsSIRtou -- 11/21/2016 1:15:23 AM >
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I will allways be a knight, instead of a prince.
What would the internet be like if we couldn't say trump is a moron?
The Republican party complains government doesnt work for people, and then makes darn sure it cannot.
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