The problem isn’t U.S. companies going out of business, the problem is U.S. companies abandoning American workers for third world labor. Remember when they told us if we let the rich get REALLY rich they’d take the rest of us along for the ride? Didn’t happen.
Because govt. regulation and unions have made employing people a gigantic and costly pain.
We need to be on parity with other countries on corporate tax, equivalents to tariffs, etc. Our labor is already more expensive, but we are educated better than China and other countries. We have a comparative advantage, but have lost our competitive advantage. Eliminate the corporate taxes, eliminate the cheap illegal labor and stop it with this extravagant government spending. Eliminate regulations. Do everything possible to allow us to be better than every other place on Earth.
What the Hell have we done to ourselves to let things get here? We have an EXCESS of STEM grads and they can’t find jobs. Other engineers have retired early or simply shifted jobs because they aren’t needed any more.
We are shipping our manufacturing to China and paying China to create. This leaves us with nothing but comparatively cheap imports.
We can’t stop the use of China, but we can get on parity and make our imports pay our taxes. Free trade does not mean not taxing trade, so bring up the tariffs and reduce the other taxes. Make other countries pay more of our taxes.
Hmmm! Wonder which so called conservative talk show hosts for decades have been telling us that lie?