Protectionist laws won’t fix the problem. We need to make the US more competitive by reducing corp tax, reducing the capital gains tax, increase depreciation allowances and encouraging new investment in plant and equipment. We suffer a disadvantage with labor costs, but these are less and less of the cost of manufacturing goods.
there is built into the system ways to keep the rich rich, and the rest of us scurrying up behind just trying to catch up....with a few exceptions, most won't be able to....
think of all the taxes the middle class is burdened with...property,income,SS,Medicare,fees for this and fees for that...
the rich avoid income tax, their contribution to SS in relation to what they make is tiny and they write off every fee and property taxes on all their ownings..
when they start taxing "golf" business trips instead of claiming it as a business "expense"...I'll know we're finally getting serious...
YOu could have no corp tax and still won’t be able to compete with one dollar an hour workers.
>> Protectionist laws won’t fix the problem
Exactly except for the pass you’re giving labor.