Whoever told you corporations, multi-national, single-national, privately owned, any type....are there for philanthropy, justice or welfare of US citizens, lied to you big time.
By definition, corporations are free to make a profit for their share holders the best way they can. If that involves cheaper labor, lower taxes or less restrictive regulations in other countries, that is where they will take their business. Instead of attacking the corporations, attack the greedy politicians who keep increasing taxes, pass more and more restrictive regulations and do not put the kabash on unfair trading practices by other nations.
So Khrushchev was right??? We’d sell our enemy the rope they’d use to hang us?
Preach it, brother.
“By definition, corporations are free to make a profit for their share holders the best way they can. If that involves cheaper labor, lower taxes or less restrictive regulations in other countries, that is where they will take their business. Instead of attacking the corporations, attack the greedy politicians who keep increasing taxes, pass more and more restrictive regulations and do not put the kabash on unfair trading practices by other nations.”
I could agree with that philosophy with USA corporations that employ and produce predominantly in the USA. Multi-national corporations should have no rights to lobby or influence our government. They are foreign entities. They don’t necessarily hire Americans and they pay little to no USA taxes, they get big kickbacks from local governments on taxes, they get tax credits for intellectual R&D that they then send to and use in China, and they have obvious zero loyalty to America.
We’ve had too many years of a US Congress that forgot that their mission was to protect the USA, be it our borders or economic warfare. We’d be better off using a hammer than a carrot on them and demand that they either employ Americans or they get no USA protection, or tax credits or opportunity to influence our Congress or government contracts. They’d either be producing in the USA and hiring Americans, or they’d be treated as the foreign entity that they are.
The reason we are in debt is because we were living in fantasy land on an economic credit card, where Wall St deal making was falsely considered GDP, and because so many real American jobs went off shore.