Posted on 11/01/2016 6:52:43 AM PDT by kevcol
Famed basketball coach Bobby Knight might be the one to call corporate executives and warn them of potential punitive tariffs if they move jobs overseas in a Trump administration, Donald Trump suggested Monday evening.
"I'll have Bobby Knight make the call," Trump said in a campaign stop in Warren, Mich., alongside the former Indiana college hoops coach.
"I think he could make the call better than anybody," the Republican nominee said.
(Excerpt) Read more at washingtonexaminer.com ...
I’m waiting for Trump to tell Russia that uranium deal is off and if they want money back they’ll have to talk to the Clinton Foundation.
I don’t like this one bit. That’s the kind of crap Democrats would do. Companies are free to do what they are incentivized to do. It is up to the government to not so overburden them with unfunded regulations and mandates that they find it advantageous to leave the United States.
Sounds like you need to get with the program.
Get used to Donald and his proverbial hyperbole. That’s the WWE, chair-over-head bustin’ side of him.
Donald kids a lot. He means this literally about as much as he meant appointing his 75 year old big sister to the USSC.
And I think he will work on the incentives side of it, of which he has gotten a lot of smart advice. Really, removing the disincentives.
Perhaps you just forgot what it is like to beat the snot out of the opposition.
We’ll get to the point where that approach can work. In the meantime we need to throw a few chairs...
Besides, democrats would actually impose the tax. Jawboning, like Trumps phone call, implies the threat of a tax, and the mere threat will be enough to cause many off-shoring decisions to be reconsidered. Especially within public companies who are concerned about adverse impact on the stock price. Today, there is nothing, no barrier to moving jobs out of the country. I’ve been involved in those deals and it looks like all upside.
WTH do you think a tariff is? By shifting the corporate income tax from 35 to 15%, AND increasing the import Tariff from 0 to 35%, it is nothing but incentive. Incentive to remain in the USA.
And that ultimately is not a sustainable situation. We won’t even be earning enough to buy the burgers whose flipping is the only domestic job.
The left can't rightly oppose these remedial events because such Trump actions would comport with democrat pretend core philosophical sales tools.
It’s a hobby horse with me.
But ultimately an economy that doesn’t have everybody possible involved in the trade picture, is going to be hobbled.
There’s nothing wrong with “balanced” trade, where an equal value of goods goes both ways. Tariff policies should be tied to the balance. If there is 100% balance, no tariffs.
Only the problem is that we need to incentivize companies to actually do more of their manufacturing labor here in the United States. By putting the tax up there, you reduce the incentive of outsourced manufacturing being as cheap as it used to. It’s something that we need to push the incentives for, and with Trump, it’s still a bit too little too late.
That’s another side of the picture.
I pray wisdom to Donald. There are so many possibilities that seem right but are wrong.
The U.S. should lower regulations and corporate taxes. Many companies will not leave if this happens. It is stupid to penalize companies for moving overseas. Won’t work anyway.
Always a few who missed the "Bus of Common Sense".
He wants to de-incentivize folks from leaving by lowering corporate taxes and making their off-shore money more available (10% vs. 35% tax to bring it back to the USA) and the tariffs are for those who opt to move away or who refuse to come back.
He has already explained the tariff plan and why it makes sense. The Bobby Knight quip was tongue-in-cheek praise for Bobby's tough, no nonsense style.
If that really causes you to have some "concerns with Trump" then you must be one of the die-hard Cruz/NeverTrump folks and this suggestion will likely really torque your jaws:
He’ll throw a chair at them.
You understand that the founders viewed tarrifs as the way to fund the federal government right? Now, since the national socialist managed to get the income tax through, which is unconstitutional, they started this cancer of global socialism and it has reached its ultimate.
Read James Madisons opinon on tarrifs in a speech to the states, April 25th 1783.
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