To: RockyMtnMan
There's not going to be any "legislation." All the government can do is refuse to issue government contracts to businesses who offshore; it CANNOT forbid private companies from using resources outside the US.
If they try, Indian companies can offer to set up a subsidiary to the company, using Indian employees.
Legislation can't stop this trend.
7 posted on
07/30/2003 9:59:51 PM PDT by
sinkspur
("Boy, watch that knife!'" Rev. Capt. Samuel Johnston Clayton in "The Searchers")
To: sinkspur
Legislation can stop this trend by adding a
tax on foreign labor.
Here is a proposed equation seen elsewhere on FR:
Tax = (% Foreign Input - % Foreign Sales)
So, if a product is 100% produced outside the US, it gets a 100% tax if it is only sold inside the US.
Don't underestimate the ability of Government to tax. They can get very creative even without OUR help.
Just so you know, yes, it passes Constitutional muster as being both an excise tax and a tariff.
To: sinkspur
government CAN regulate, legislate and tax imports and exports...
and labor could be reasonably defined as both...
the question is not whether, but IF this should be done... and to what extent.
We exported a lot of our manufacturing jobs.
We touted the "high income high-tech" sectors as replacements for the lost jobs. Now we have done the same with the technology sectors.
Globalism principles at work and I have NO clue as to how it will play out, other than degradation of our standard of living and a full tilt run towards service and retail sector jobs, hamburgers, tacos and window washing. Don't get me wrong... those can be good jobs... but hardly useful for supporting a family...
no solutions... just questions of course.
13 posted on
07/30/2003 10:13:17 PM PDT by
eccl1212
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