General Discussion
In reply to the discussion: Brass Tacks 2.0... Would YOU Support ANY Democrat That Proposes Cutting SS & Medicare Benefits ??? [View all]JDPriestly
(57,936 posts)penalties on the companies that move the jobs. And we need to tax imports.
Right now, we tax income. So if companies move jobs overseas, they can afford paying employees enough so that the employees can pay our income taxes.
As a result, we have fewer jobs meaning less income to tax and therefore lower tax revenue than we would have if we kept the jobs here.
We need a pro-American trade policy. At this time we steadily maintain a trade deficit. China buys the debt that indirectly results from that deficit.
So in that way, the budget deficits, our debt, our lack of jobs and our financial problems are all linked to our unrealistic, unworkable "free" trade policy. We pay dearly for that policy.
I am not suggesting that we end all trade with other countries. I am suggesting that we get it back in balance so that we can have a healthy domestic economy. It's not just in our interest that we do that. The entire world would benefit if we changed our trade policy and got our household and our job situation into balance.
Edit history
Recommendations
0 members have recommended this reply (displayed in chronological order):