Con_Alma;838942 wrote:There's no question in my mind that they middle class will be brought down some. They already have. That's the impact of a growing global market as opposed to one dominated by the US.
That wasn't going to be stopped.
The value of the U.S laborer is less.
So, I take it that you have come to terms with the reality that 20-25% unemployment or more in our country is inevitable...and there is nothing that can be done about it. In the Constitution, it states that the government is responsible for passing laws that improve the general welfare of it's citizens.
Since our inception, our law makers have pretty much always charged a certain percentage of tariffs on imported goods. It started during the revolutionary war....and believe it or not....is still going on today....but only for certain selected industries.
By and large....tariffs should be minimized by countries that have the balance of trade strongly in their favor (China) which has a huge foreign trade surplus. Conversely, tariffs can...and should be raised for countries that have a huge deficit in foreign trade. (the US falls into this category).
And then, as the author states, corporations can and should be penalized tax wise for taking their efforts offshore...and conversely rewarded tax wise for remaining here in the country where they laid their initial stake. I would have no problem at all in reducing corporate taxes to zero...if that what it took to rebuild smokestacks in the US. By doing so, America would once again enjoy the fruits of 3-5% unemployment....which in turn would fill the coiffers of the present day devoid of tax revenues...without having to raise the tax rates.
Corporate America and Political America are A-OK with fighting wars that are totally unnecessary with bullets and tanks.....but when it comes to fighting an economic war...these same 2 groups are as limp wristed pussies as it gets. And the continual descent into 3rd world status continues....unabated.
