Quote:
Originally Posted by PepsiFree
Your Northern Canada example is flawed, as wages and living are heavily subsidised by the government. Is that the solution to keeping American businesses going? Increasing taxes on everyone to subsidise wages?
As for jobs, they'll go down because you're increasing the cost of doing business. Companies won't be able to afford doing business at the current rate if they can't capitalise on foreign workers, so domestic cuts will occur to balance the amount of domestic jobs they have to add.
I mean, I agree you have to reverse the trend, but the way you (and Trump) are suggesting is short sighted and just frankly wouldn't work. It's basically a left-wing fantasy (that Trump has tricked the right into believing to a dangerous degree).
Not paying the debt is not an option. China is more powerful than the US, and if you think it's bad having a gun held to their head, wait until China pulls the trigger. Regardless of the imaginative and inspiring endpoint - American made! Jobs for everyone! - the reality is that moves against China and free trade are going to make America much, much worse for many many years. If Trump heads down that path, he'll never get close to seeing a better America. Certainly not in this term or the possible next, and unlikely in his lifetime.
Americans, especially the working class, don't seem very happy with the current rotten state of the economy. You think they'll stomach another decade or two? You think that if Trump makes this move and the economy starts to tank (and it will, no question), that he'll get re-elected? I don't. And I don't think anyone would be stupid enough to follow in his footsteps.
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The point I was making is it's relative, you make a bit more and things cost a bit more, that's not because of government subsidy, though they do that. No I'm not for government subsidy of anything really, and I'm saying tax cuts actually help revenue, Reagan and Kennedy both proved that.
The cost of doing business is already high in the US, that's why all the businesses left to foreign countries. Lowering taxes might bring them back and at least would offset more leaving, that's lowering the cost of doing business. It's a step in the right direction, I'm not sure how you can say it won't work and maintaining the current direction will.
It's a bad situation with China, but at some point something has to be done or it's only going to get worse. You are right, if they do pull the trigger because of one of his dealings, he won't be re-elected, that's the problem with politics, everybody seems afraid to do something that needs to be done, because they won't see another term.