When did we start imposing Corporate taxation and income taxes on foriegn corporations and employees in foriegn lands?
The fact is that foriegn companies produce goods cheaper then we can here, therefore they offer their products for a cheaper price already. That is why their market share keeps growing, while the US mfg. companies are seeing the decline.
That was part of the original tax ideas of duties and imposts. It balances their cost of production with ours. And if a duty is high, somebody here will work to produce a domestic made version. Thus putting people to work.
But the multinationals have convinced everybody it's a "global economy".
Not for our benefit. Multinationals have no allegiance to any particular country.
When did we start imposing Corporate taxation and income taxes on foriegn corporations and employees in foriegn lands? The fact is that foriegn companies produce goods cheaper then we can here, therefore they offer their products for a cheaper price already. That is why their market share keeps growing, while the US mfg. companies are seeing the decline.The point is that even if the 22% drop in producer prices were true, that's goods manufactured in the US, not services and not imported goods. So even if it were true, and producer price drops were passed on 1-to-1 to consumer prices, the drop in the price of all our consumption would be much less than 22% because US manufactured goods are only a portion of our consumption.