Establish zones in America that work to the same competitive rules as the overseas locations.
Part of it is educating US consumers to demand made-in-the-USA products. Younger generations seem clueless that they can help solve the problem. Another part is framing taxes in a way that there’s no advantage to going overseas.
American Thinker didn’t think too hard about this, did they?
there are no union free zones. even in right to work states unions harass business with threats of death by politics
there are duty free zones where components can be imported and then reexported
How about establishing the entire U.S. as a place where companies can have the same competitive rules as overseas locations?
I thought of that scenario myself, but then discarded the idea. That would entail undoing a whole litany of regulations, taxes, labor laws, and and high wages. Add to that the fact that all of the companies that offshored are now entrenched in those countries, the earliest having moved there over two decades ago.
Even if Trump could remove all of the barriers mentioned, I highly doubt these companies would come back to the US.
How about no government contracts for companies who aggressively move jobs out of the US? For many businesses, governments are their largest customers.
As someone else posted, create an environment so a company will not want to leave.
1. Get control of regulatory bodies. We are destroying our economy with laws, rules and regulations.
2. Here is a bold idea, eliminate minimum wage. Let the marketplace determine the wage.
3. Right to work. Union will be allowed but no one could be forced to either join or pay dues against their wills. (Unions would be forced to find ways to get people to join)
4. Use RICO laws against organizations that sue and harass businesses.
5. Education - Return education responsibility to the local schools. Get the Federal Government out of the education business since they are really just social engineering.
6. Repeal Americans Disability Act.
7. Repeal anti-discrimination laws. I do not believe any level of Government should discriminate, but I do believe individuals should have that right. And that includes businesses.
I know there needs to be some laws and regulation but the more you have, the harder it is on the economy.
In other words, make America business friendly again.
Attempts to create a perfect world is in fact what is destroying it.
These are from the top of my head, I sure some will be able to poke holes in my points. May not be possible but we should be talking about it.
I’ve been to Queretaro. Huge industrial area. Samsung built a huge factory there. They have 3 Korean speaking TV stations. The area is very wealthy. They have every modern convenience.
Thanks NAFTA.
The provisions of the original FTZ have evolved to the point where Foreign Traders has established the equivalent of Mexican maquiladores with our borders allowing huge benefits to foreign corporations.
For a list of FTZ see the following link.
Enforcement - U.S. FOREIGN-TRADE ZONES
For more detaile information. of history, duty and tariff avoidances, and operation details, see the following Wiki article
Sounds good, let's think ahout this. One of the biggest reasons for opening shop overseas is the availability of overseas markets. The domestic 'safe zone' would somehow have to have that same access.