Sure, the easy first thoughts from some will be that anyone who asks the question is a traitor but be that as it may we still need an answer. Back in '08 O promised to see that the uninsured got insurance, and while lots of folks imagined 'free' insurance what really happened was that anyone who refused to buy it got fined, imprisoned, or shot for resisting. Is that how we'll keep Americans on the payroll, by confiscating all the "you didn't build that" stuff?
Establish zones in America that work to the same competitive rules as the overseas locations.
You the economic environment so favorable that companies don’t want to leave.
In the debates King Trumpy said he would slap a huge tax on them. He used the example of Ford building a new plant in Mexico and said he would just tax them so that it would unprofitable for them. He didn’t use the word, but I will... by DECREE I assume.
The 'economic infrastructure' that ties us to Mexico is abusive to American workers. Trump's position: American citizens first - is a sane position - and long overdue...
Some seem to be confused... you don’t “stop” them.
But neither to do you make it attractive to them to move overseas.
Our laws our tax policy our trade policies make it attractive to move job out of the country...
you first start by taking away the attractive policies to move jobs out of the country
you can do that before you start putting unattractive laws in place that make.job less likely to move out of the country
it works just the same way as States that drivers jobs and Company out of their state like California..... or states that attract jobs to them like Texas
the same economic rules that make companies attracted to one state and leave another state ....work internationally
“The question here’s “how to do it?”. “
A starting point is to require future trade agreements to impose reciprocity in the terms. Current trade agreements allow foreign access to our markets while denying access to their markets.
Good Morning All! Yesterday stock indexes closed flat/down in mixed trade and now stock index futures see more to come. Metals have been climbing (gold/silver @ $1,258.75 and $17.43) while metals futures see even more gains.
Today's "GDP Day"!
8:30 AM GDP-Adv.
8:30 AM Chain Deflator-Adv.
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:30 AM Natural Gas Inventories
--and---
No, VAT Taxes Are Not Bad for Small Bus. - William Gale, RealClearMarkets
All Candidates Want to Keep Tax Code the Same - David Cay Johnston, DB
Gig Economy Work: Desirable and Detestable - Rick Wartzman, Fortune
How Overregulation Is Wrecking the Economy - Peter Ferrara, Investor's
Treasury & Fed Team Up to Ignite the Next Meltdown - Ike Brannon, RCM
Is Guaranteed National Income a Poverty Cure? - Michael Tanner, NRO
How many Republican congressmen would want to be called out, by name, in a presidential address, as having voted in favor of exporting American jobs? During primary election season?
“how to do it?”.
Bring reason to regulation. If you must have regulation, then make sure it applies equally to imports, at least from a price impact perspective.
Today we are literally chasing businesses away. If you stopped doing that, you may find that they don’t leave.
Mexico is a perfect example. The cost of manufacturing is a fraction of what it is in the US and labor costs are not the only reason.
For example, companies bidding must complete at least 75% of the manufacturing in the U.S., with no less than 60% parts manufactured in the U.S. Or, companies who have moved a factory of more than 300 employees from the United States to a location outside the United States within the past five years, are prohibited from bidding.
Stuff like that.
Even it that disqualifies some good companies, other companies will have to spring up to fulfill the bids.
What can a President do?
Same as Ronald Reagan did when he saved Harley Davidson.
He can lobby Congress to make and change laws.
He can use the “Bully Pulpit” to speak against any move. If he can turn the American People against such a move.......................
The first is iffy, considering the current congress is in the pockets of the Chamber of Commerce and big Corporations.
The second, coming from a popular president would be very effective.
Build a wall
Eliminate the corporate income tax for companies that manufacture their products in this company and/or base their services including customer service, entirely in this country. That may be the only way to get around the WTO and being sued.
First, there needs to be people who will work;
Second, find people willing to work in these places for the same wages as overseas;
Third, the taxes must be equal to the overseas place;
Fourth, there needs to be an educated work force that can actually read, write, spell, and count.
For starters ...
Or just rule by decree - aka enhanced executive order ...
Give the corporate entity incentive to stay.
Reduce or eliminate the burden of even setting up business, by eliminating any number of “special” rules that provide benefit to other persons or entities, to no real purpose than to “redistribute” the capital that should be applied to growing the business. This redistribution may be defined in any number of ways, from enforcing a minimum wage, to artificial limitations applied and enforced through restrictive regulations, on reporting, or manufacturing practices, or distribution channels, or simply as a kind of harassment of management for non-economic reasons.
The business of business is business, not some sort of social experimentation laboratory, where the criteria of profit and loss are simply ignored, and the designation of social goals is assigned for entirely arbitrary reasons, not because any one or another agenda makes pragmatic good sense.
And the reality of tax policy. No corporation pays taxes. They only collect them, the consumer ultimately pays taxes, and if the taxation policy is assessed but never collected, the revenue stream collapses. Therefore it is altogether in the interests of all entities involved, that the economy be kept robust and growing. Which means, the care and feeding of those corporations must be encouraged and given the opportunities, the corporations respond by doing what they do best, converting capital into growth of even more goods and services. And along the way, feeding, clothing, housing and entertaining the great bulk of consumers, who in turn trade their time to the corporate entities in terms of talent and value added to the product and services stream.
You know the answer you don’t stop them you just charge them a tariff for importing third world built products into a first world market.
Simple, lower the corporate tax rate below the EU.
Ask Pfizer.
In King Trumpy's world, we would tax the ones coming in from Mexico and Korea, and Japan.... then beginner guitar players would be required to pay the same cost for a guitar that a professional is willing to pay.
A brilliant auto gnome of mine noted noted, add an "EPA Assessment" to every imported product or part. Aka, what the EPA is costing us for every part we make here as the third world pollutes the rest of the planet and the greenies say nothing.
Other things to make us more competitive:
* Obamacare, gone.
* Dodd Frank, has got to go, bring back Glass Stegal.
* 15% Flat Business / Corp Tax, accelerated depreciation is the norm not marc-er's.
* EPA goes through a total makeover. All rules and regs for the last ( insert number of years ) are to reviewed and scored on cost - benefit effective analysis, if it doesn't cut it, it is gone.
* EPA, Dept of Energy and Interior and BLM should be combined, downsized and renamed the Dept of Resource Utilization. Sarah Palin need to be it's Director....