Mexico, NYC, et al. You don't have to like it. Just do it.
Posted on 12/04/2016 11:27:46 AM PST by E. Pluribus Unum
Trump warned companies of “retribution or consequences” for leaving the U.S. Donald Trump warned U.S. companies of “retribution or consequences,” such as a massive tariff, if they leave the country.
In a series of early morning tweets Sunday, Trump said companies with offshore factories would face a 35% tax on products they want to sell back in the U.S.
“The U.S. is going to substantialy [sic] reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its products back into the U.S. without retribution or consequences, is WRONG!” the president-elect wrote. “There will be a tax on our soon to be strong border of 35% for these companies wanting to sell their product, cars, A.C. units, etc., back across the border.”
The proclamations came after Trump’s intervention with Carrier, who decided to keep about 1,000 jobs in Indiana instead of moving them to Mexico. Carrier will receive economic incentives worth $7 million, in a deal negotiated by Vice President-elect Mike Pence, the current governor of Indiana. Despite the Carrier deal, the company still plans to close a plant in Huntington, Indiana, moving about 700 jobs to Mexico.
(Excerpt) Read more at fortune.com ...
Without minimum wage laws we'd be paying more accordingly for the type of work being done.
“When only 5% of our GDP depends on exporting to them and 30% of other countries’ GDP depends on exports to us, who has more bite?”
We have not yet played at the level you are suggesting. There is a new player on the field and I think he knows the rules and the ropes. I shall wait and watch with great interest to see what he does and how it works out. (It will give all those conservatives who gave up the NFL something of greater importance to watch and cheer for.)
Meanwhile, I have ordered a case of buttered popcorn and two cases of my favorite beverage. I don’t want to miss a single play.
The globalists aren’t going to like this, but as long as he keeps away from their printing press he should be okay.
Remember this gem?:
At the Bildeberg meeting in 1991 David Rockefeller walked up to Bill Clinton and asked him what he thought about NAFTA.
Clinton replied, “If it’s important to you, Mr Rockefeller, it’s important to me.”
Rockefeller replied, “Thank you, Mr President.”
- David Rockeller
If you are a U.S. company you produce in the U.S., it is just that simple.
Someone ought to go back in a time machine and tell those who funded the Federal government with nothing BUT tariffs, in the 19th century and back.
It’s an external-production tax. The only things that ought to countervail is perhaps (1) a balanced-trade allowance (situation that looks like barter); (2) something that really can’t be made in USA like the mines for it do not exist here; (3) perhaps a free-country allowance based on something like the CATO Foundation free country list (we’ll make the tariffs less for them). Local taxes and regulatory burdens, in turn, should be as LITTLE as possible.
Mexico, NYC, et al. You don't have to like it. Just do it.
” I’m pretty sure the corporations pocket most of that large profit margin from their lower production costs.
This really hasn’t worked out the way we we’re told has it?”
Yes, most likely much of that yet to be “repatriated profits,” you know the two trillion dollars these crap weasels are keeping off-shore waiting for a tax break to bring back have included “skimmed profits” from China and Mexico. Still, we have to face the reality that we have taxed our businesses far too much, and they have reacted as you might expect. However, the part of it that incenses me it their total lack of patriotism. They have no compunction about screwing their own country if they can make a buck so doing. Unfortunately, if we closed down an shuttered all our worthless colleges and universities today, it would still take a generation or more to get decent businessmen in positions of leadership in our nation’s businesses. Make me King, and I’d close Harvard and the rest of the $hit that resides in Massachusetts tomorrow. Then move on to New Haven and do the same thing there.
Not only that, but it is extremely difficult to obtain intellectual property rights on US products, in Japan. Japan, clearly practices protectionism against foreign products to protects its businesses.
if you are going to complain about apple, you should really complain about Microsoft.
I don’t agree with this at all. Reduce taxes and millions of regulations and companies will stay in the US voluntarily. Federal coercion is not needed or good.
Businesses leave for economic reasons; they stay here for the same reasons.
Microsoft should be forced to divorce its Office applications from its OS and make them available on other platforms besides Mac. In fact, the Office applications and SQL Server should probably be removed from MS entirely. The UI should also be divorced from the OS.
What we have now is a race to the bottom, where the first competitor to offshore gets a huge advantage over its rivals, giving all of them tax, regulatory & labor incentives to move as much manufacturing out of the US as possible.
See table here:
https://en.m.wikipedia.org/wiki/Tariffs_in_United_States_history
Why didn’t he do this with Carrier?
Then how about reverting immigration law to 1952 standards? Repealing the 1965 Immigration Act and its subsequent additions would go leaps & bounds towards providing regulatory relief.
No, actually upholding the Constitution as the Supreme Law of the Land against the feds is EXACTLY what this “movement” is about.
This “movement” is about restoring our Free Constitutional Republic by putting the feds back into its constitutional cage. Get the feds OUT OF THE WAY, and the economy, free enterprise, and the average American will be better off than ever.
If you fail to ID the causes of the problem, how can you hope to exact the right and effective solution?
A 35% tariff on its face is pretty stupid. Will hurt all parties involved. Except of course govt. Hopefully we will reduce regs and taxes so U.S. companies can remain competitive on the world stage manufacturing.
To effectively deal with a problem you FIRST have to ID the root cause of the problem. Then you attack the root problems.
The root problem of business fleeing our country is THE FEDERAL GOVERNMENT.
The effective solutions that DIRECTLY ATTACKS the root problem BEGIN with:
..........can we carve your words on Mount Rushmore?!
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