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<blockquote data-quote="Glocktogo" data-source="post: 2004468" data-attributes="member: 1132"><p>And that approach worked beautifully, when the world shipped cargo on wooden sailing ships and it took two months to get a letter. We're in a global economy now and there's no turning back. Isolate and you'll get left behind. </p><p></p><p>Instead, how about we take a look at those countries that are attracting corporate headquarters (not poverty level labor) and look at two things. Is it improving their economy and what causes them to attract the moneymakers? If a lower tax rate is one of the reasons, why not lure them all back (and more from other countries) with a competitive rate? By increasing the number of profitable companies based on US soil, we increase tax revenues twofold. With a much greater number of corporate tax earners and their corresponding US employees. Win, win.</p><p></p><p>What we're doing now is a losing strategy. Doubling down on a loser is twice as foolish. </p><p></p><p>Granted that the labor issue is a much tougher nut to crack. We don't want to lower the average wage and subsequently, the standard of living and the buying power of the worker. We'll have to find a balance where we can stay competitive and still have a top shelf standard of living. No one said it was easy, but driving big employers overseas is not the way to do it.</p></blockquote><p></p>
[QUOTE="Glocktogo, post: 2004468, member: 1132"] And that approach worked beautifully, when the world shipped cargo on wooden sailing ships and it took two months to get a letter. We're in a global economy now and there's no turning back. Isolate and you'll get left behind. Instead, how about we take a look at those countries that are attracting corporate headquarters (not poverty level labor) and look at two things. Is it improving their economy and what causes them to attract the moneymakers? If a lower tax rate is one of the reasons, why not lure them all back (and more from other countries) with a competitive rate? By increasing the number of profitable companies based on US soil, we increase tax revenues twofold. With a much greater number of corporate tax earners and their corresponding US employees. Win, win. What we're doing now is a losing strategy. Doubling down on a loser is twice as foolish. Granted that the labor issue is a much tougher nut to crack. We don't want to lower the average wage and subsequently, the standard of living and the buying power of the worker. We'll have to find a balance where we can stay competitive and still have a top shelf standard of living. No one said it was easy, but driving big employers overseas is not the way to do it. [/QUOTE]
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