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Business has not respected national borders for years. Do you really want to send aid to Toyota because they build cars in the US? What about GM, which does major business in Europe and Asia? Fiat owns Chrysler. The cruise line industry does not register their ships in the US, but are looking for a bailout.
Isolationism is a dumb economic policy. Look at the business opportunities:
Isolationism: maximum 330 million potential customers
Globalism: maximum 8 billion potential customers
The cost of limiting ourselves under isolationism is a lot higher than the disadvantages of participating in a global economy.
I hear that a lot, but do you have any evidence that's applicable in this situation? The multinationals have gotten rich mining the US for markets and resources, but why should we be responsible for guaranteeing their profits? Do you see any other countries bailing out GM, even though a major part of their business is conducted in Europe and Asia?
It seems simple to maintain free trade without putting offshore companies under the US welfare umbrella.
I hear that a lot, but do you have any evidence that's applicable in this situation? The multinationals have gotten rich mining the US for markets and resources, but why should we be responsible for guaranteeing their profits? Do you see any other countries bailing out GM, even though a major part of their business is conducted in Europe and Asia?
It seems simple to maintain free trade without putting offshore companies under the US welfare umbrella.
The multinationals create enough national wealth that the U.S can bail them out.
Also, GM was a huge part of the Arsenal of democracy. Maybe the U.S owed them a bail out.
Business has not respected national borders for years. Do you really want to send aid to Toyota because they build cars in the US? What about GM, which does major business in Europe and Asia? Fiat owns Chrysler. The cruise line industry does not register their ships in the US, but are looking for a bailout.
What do you think about that?
So let’s say you don’t help Toyota at all and they fold in the US, what’s your plan for all those who work for Toyota US or are associated with the supply chain connected with Toyota?
So let’s say you don’t help Toyota at all and they fold in the US, what’s your plan for all those who work for Toyota US or are associated with the supply chain connected with Toyota?
Let's say we bail out Toyota and they don't bother to reopen their US plants. They didn't close because the workers might get infected, they closed because nobody is going to be buying Toyotas. Do you really think the US should subsidize that?
The multinationals create enough national wealth that the U.S can bail them out.
Also, GM was a huge part of the Arsenal of democracy. Maybe the U.S owed them a bail out.
If the multinationals are that rich, they can bail themselves out. And the point is, GM is a US company. Do you see France or China bailing them out? Why should we be bailing out Fiat? Or Princess Cruise Lines? Let the country they pay taxes to bail them out.
Let's say we bail out Toyota and they don't bother to reopen their US plants. They didn't close because the workers might get infected, they closed because nobody is going to be buying Toyotas. Do you really think the US should subsidize that?
You’ve changed the question and I find that to be disingenuous at best. If Toyota didn’t reopen their plants they’d be out billions upon billions and US buyers aren’t simply going to stop buying Toyota cars because Toyota paused US production due to covid-19 just as the other manufacturers have.
If the multinationals are that rich, they can bail themselves out. And the point is, GM is a US company. Do you see France or China bailing them out? Why should we be bailing out Fiat? Or Princess Cruise Lines? Let the country they pay taxes to bail them out.
China was GMs largest sales market in 2019 so what say you? Seems you are either not understanding globalization or choose to ignore the reality of the situation
Sticking to the who collects the companies taxes angle ignores the amount of taxes that come from all the employees in the US and their collective buying power.
China was GMs largest sales market in 2019 so what say you? Seems you are either not understanding globalization or choose to ignore the reality of the situation
Sticking to the who collects the companies taxes angle ignores the amount of taxes that come from all the employees in the US and their collective buying power.
Sorry, but I don’t believe we should be bailing out off shore companies that don’t pay a tax revenue in line with U.S companies whether they have assembly plants here or not. If you look at the overall jobs Toyota employs on a global scale you will find the U.S. is a small piece of the Toyota pie. If you hand out bailouts to foreign companies just because they have a small sector of their manufacturing base in this country than we as a nation are held hostage to foreign entities by way of fear job losses.
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