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Old 11-13-10, 12:17 AM   #6
tater
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Join Date: Mar 2007
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Again, what's the big picture. Certain jobs end up overseas. In return, the consumer gets more for less. What of all that chinese stuff are you willing to part with? The choice is to pay more for everything and pay high wages (ie: you taking a hit so that some guy can have a marginal factory job—or a GREAT factory job and you take a bigger hit), or perhaps automated production that keeps the factory in the US, but hires almost no one. The latter also more than China because of US regulations.

The US Corp. tax rate is certainly an issue, but no one pays the full %. It would make far more sense to have a far lower rate with no loopholes. Encourage business to move here instead of encouraging it to leave (what our high Corp rate does).

The US is <5% of world population, and we do ~36% of manufacturing.

How much more do you demand? We used to do ~50%. Do you think the US doing 50% is sustainable forever? We'd literally have to bomb China and India out of the industrial age. Nothing else we would do would stop it.
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