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How is it wrong? If Trump only taxes American companies with overseas operations then American companies would be at a disadvantage to foreign companies. If Trump massively taxes both American and Foreign companies then by definition we would be in a trade war.
Trump is facing an uphill battle. Automation and technology are increasing productivity but reducing the number of workers needed, and thus the amount of money available to be spent by worker types.
Republicans have been clear that they intend to balance the budget and reduce the national debt. If they do this, and who knows if they will, this will likely slow down growth.
No they haven't.
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The "trickle-down" economic theory that Republicans love, didn't work in the past and is unlikely to work this time around. Regardless of tax breaks, companies generally don't invest until there is some reason to believe that there is a demand for their products. When there is demand, they don't need tax breaks to figure out how to make money off of the demand.
That policy (which doesn't work) is the same one we followed the last eight years under Obama.
Nah. Democrats recognized the US and global economy for what it is. We are not going back to a manufacturing economy. Our two biggest sectors will be Service and information. The skilled and educated are going to the information economy, while the unskilled and uneducated are going in to the service economy. The Democrats ran on getting living wages for the service economy, because that is actually possible. Gone are the days when your grandfather could get the equivalent of $30 an hour for putting antennas on Buicks.
So you want a country of 330 million people to all work in service and information.
What's to keep those from being offshored? Think China can never make an app or an Indian will never be able to prepare your taxes? How many times have you called the help desk and got some guy on the phone from Mumbai?
As I've mentioned before, of Germany can do it so can we.
So you want a country of 330 million people to all work in service and information.
What's to keep those from being offshored? Think China can never make an app or an Indian will never be able to prepare your taxes? How many times have you called the help desk and got some guy on the phone from Mumbai?
As I've mentioned before, of Germany can do it so can we.
Nothing is going to stop it from being offshored. It's being offshored today. Yet most engineers I know have jobs. Why? Because offshoring has a lot of tradeoff for some tech jobs. Especially jobs that aren't repetitive.
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