Posted on 03/10/2016 11:37:37 AM PST by AmericanInTokyo
Donald Trump’s appeal is said to be his straight talk. But when it comes to international trade, he sounds like a hypocrite, the classic “Do what I say, not what I do” politician.
While bashing companies for investing in foreign countries, Donald Trump’s own company has shown no inclination to invest and build only in America. In fact, a significant percentage of his company’s hotels and major real estate properties are located abroad. “Mr. Trump is either inexcusably hypocritical or inexcusably ignorant of economics,” according to Donald J. Boudreaux, a professor of economics at George Mason University. “There is zero economic difference between, say, a U.S. car company’s investments abroad in factories and Mr. Trump’s own investments abroad in hotels: both are meant to improve the bottom line of companies headquartered in the U.S. by taking advantage of profitable economic opportunities outside of the U.S.”
(Excerpt) Read more at forbes.com ...
business makes the world go round, contrary to the views of neoisolationists that long for 1935.
Someone, somewhere, is working on building it in China and shipping it over here. I have no doubts about that.
“He’s building a new hotel in Paris... it’s actually located in Detroit, so guests will have a brief shuttle ride from the check-in desk in Paris to get to their rooms. “
That’s hilarious! You rock!
The anti-Trump people are stupid as well as desperate.
On a completely separate note, I've never understood why anyone would willingly pay a premium for an article of clothing with the Trump label on it, if the stupid thing is produced in China, of all places. It's like buying a Swiss watch for an exorbitant price even though it has "Made in Malaysia" etched on the back of it.
But you can't force us to eat excrement disguised as facts because you and the author say it is facts.
As a businessman Trump made smart fiscal decisions. Obviously disqualified for government, where smart fiscal decisions are frowned upon.
The primary goal of a businesses is not to help American workers (democrats may disagree but not most republicans or conservatives). I’m pretty sure execs can even get sued by shareholders if they put workers ahead of profit and make a bad fiscal decision.
I’d bet Trump understands better than anyone else running “why” certain business decisions are smart. And is interested in changing policies and regulations so that decisions favoring American workers are the “smart” ones from a fiscal standpoint as well as for patriotic reasons.
Open borders, globalist free trader outsourcing mogul who’s words and red meat rhetoric betray his business behavior.
Trump is using cheap labor to build hotels aborad and then import the hotels back into the USA? Well that does it, go Jeb Bush!
Cars manufactured in foreign countries are exported to the USA, probably with modest import taxes.
On the other hand, I don’t see where hotels in foreign countries export anything to the USA. So there is an economic difference.
OMG You just had me spit out water ROFL Good One!
I know of one historic building in Boston that was moved to Southern California, brick by brick and reassembled.
The free traitors of FR told us for 20 years that business HAD to locate over seas in order to compete. That’s what Trump did and he wants to bring business back to the states and make it so Americans can compete here....no one else does!
What are you doing in Tokyo? Out Sourcing?
There is nothing wrong with investing overseas. There is nothing wrong with a hotel chain building hotels overseas.
I support Cruz, but this is a silly argument against Trump.
What is a problem, is shipping US jobs overseas. Outsourcing US manufacturing overseas. And, what sounds different but is the same thing, importing workers to replace US workers here at home.
US workers are being replaced, both by outsourcing manufacturing and for that matter your computer programming... and by importing workers both farm labor and, again, your computer programmers.
Building a hotel abroad is not outsourcing anything.
Correct:
Trump is not shutting down a Hotel in the U.S. and moving it to another country. Or Moving its Corporate HQ outside the U.S. to avoid the US corporate tax rate which is around 35%. Of course US Companies acquire Non US Companies, operate them as Subsidiaries, to have access to non US customers and those markets.
That is a lot different than Carrier Air Condition moving its plant to Mexico after shutting down in the U.S. to mfg AC units to sell them back in the U.S. Market. Same with Nabisco or Ford building its plant in Mexico. IS Ford setting up that Plant as a Non US subsidiary etc. that primarily sells products back to the U.S., or is it there to have access to Mexican customers. Big difference.
You would think this writers at Forbes would be a little better than this. Outsourcing is when a US company moves operations outside the U.S. but those operations provide services back to U.S. customers. How many call centers to handle quality issues on U.S. products are set up outside the U.S., rather than hiring fellow Americans to work those jobs.
Trump investing in a hotel and Golf Course in Scotland at Royal Toon is not outsourcing. Buying a hotel in outside the U.S. is not outsourcing. The only way that Hotel can provide service to me is if I go there, etc.
Good grief, and I bet these writers at Forbes have Ivy league educations!
“This story only makes sense if Trump closed a hotel in American and shipped it overseas. The comparison here is absolutely absurd.”
Exactly!
People who have never run, much less owned a business should STFU until they have risked their personal capital on a business enterprise.
Oh sure, an international business conglomerate owner and Wharton school MBA is “ignorant of economics”
Maybe he should have taken this professor’s class
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.