Quote:
Originally Posted by Vendzilla
I don't think the prices will necessarily rise, if they do, they will probably drop back down. What I think will happen is if we play by the same rules that foreign countries use, like we match all tariffs imposed on our goods, then things will change. The price of the goods we get from overseas will go up and manufacturers will look more to doing more domestic manufacturing. If tax breaks are given to domestic and taken away from foreign, things will change, it's about the all mighty dollar and nothing else.
Make it so that the more domestic a company is, the better tax rates it gets. I see nothing wrong with that...
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If Chinese workers at Foxxconn make iPhones for $2 an hour, and American workers make the same iPhones for $10 an hour... that 8 dollars an hour isn't going to come out of the executive bonuses or the NCAA office basketball pool money. It will be tacked onto the cost of each iPhone and paid by consumers... making the phone prices rise. If you give 'tax breaks' to a company for hiring American workers you are paying them with money taken in part from those workers and effectively are reducing the wages of the workers being hired. You are shoving money from one side of the table to the other side of the table and then to the middle of the table and then to the corner of the table... but you aren't putting any extra new money onto the table and you aren't making a better table.
If you want a better table or more money on the table you need to move toward some of the BIG ideas that are always set aside. Crazy stuff like:
- Letting very old people actually die without millions of dollars of care to keep their blood circulating for an extra few months at the end of their lives
- Legalizing pot, ending the war on drugs and removing the profit motive from imprisoning people.
- Shrinking the COST of our military significantly (not the readiness)
- Improving our education system and fostering a culture that celebrates science more than touchdowns or psalms
- Greatly reducing the cost of higher education and of continuing education while tying it to expense of students rather than commemorative libraries.
- Add a ten cent fee for every share of stock traded to end high frequency trading and rampant market speculation crashes
- Lower all income tax rates and add a national sales tax
- Set aside Citizens United, publicly fund elections, decentralize mass media and put term limits in place
- Put single payer basic healthcare in place with supplemental private insurance or cash doctors layered over it.
- Quintuple funding of NASA and DARPA immediately.
These BIG ideas will actually lead to a better future. Protectionist tariffs on Chinese imports and tax breaks for companies willing to hire Americans are at best a tiny band-aid that will be very short lived and are likely to actually not help much at all overall.