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On October 31 2011 00:48 Tien wrote:Show nested quote +On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do.
I didn't know nationalities have a monetary worth to it. Could you tell me the worth of different nationalities? How much am I as an Austrian worth? How much is a Sudanese worth?
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Sanya12364 Posts
On October 31 2011 01:21 BlackFlag wrote:Show nested quote +On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I didn't know nationalities have a monetary worth to it. Could you tell me the worth of different nationalities? How much am I as an Austrian worth? How much is a Sudanese worth?
You didn't know because there isn't one. And that's the problem (for Americans(?)).
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OAKLAND, Calif. — The city of Oakland, California enlisted police officers from 18 California police departments Tuesday, hoping to rid itself of the Occupy movement that had set up camp in a downtown plaza.
But the police forces’ violent tactics worked only temporarily, and have, for the moment at least, handed the Occupy movement a moral and political victory so big that not even Occupy protestors seem to recognize it.
The nation, and even much of the world, seemed to recoil in shock from the images coming out of Oakland Tuesday night, where police used tear gas and rubber bullets to disperse unarmed protestors, who built a camp in the city as part of the nationwide protest against an unfair political and economic system.
Critically wounded Marine veteran Scott Olsen became a rallying point for Occupy, following widely seen footage of protestors trying to carry him to safety in the midst of a tear gas assault. There were other pictures and videos: streets littered with rubber bullets, people in wheelchairs trapped in the tear gas, and bloodied faces and bruised bodies of unarmed protestors.
On Wednesday, OccupyOakland’s fortunes reversed.
Source
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On October 31 2011 04:44 {CC}StealthBlue wrote:Show nested quote +OAKLAND, Calif. — The city of Oakland, California enlisted police officers from 18 California police departments Tuesday, hoping to rid itself of the Occupy movement that had set up camp in a downtown plaza.
But the police forces’ violent tactics worked only temporarily, and have, for the moment at least, handed the Occupy movement a moral and political victory so big that not even Occupy protestors seem to recognize it.
The nation, and even much of the world, seemed to recoil in shock from the images coming out of Oakland Tuesday night, where police used tear gas and rubber bullets to disperse unarmed protestors, who built a camp in the city as part of the nationwide protest against an unfair political and economic system.
Critically wounded Marine veteran Scott Olsen became a rallying point for Occupy, following widely seen footage of protestors trying to carry him to safety in the midst of a tear gas assault. There were other pictures and videos: streets littered with rubber bullets, people in wheelchairs trapped in the tear gas, and bloodied faces and bruised bodies of unarmed protestors.
On Wednesday, OccupyOakland’s fortunes reversed. Source
this is exactly what i thought was going to happen when i was watching it on the local news (i live in the bay area) sure enough the mayor shot herself in the foot and is now basically screwed. I cant complain, we need something like this for the left to get energized and get things done in the US.
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Russian Federation4447 Posts
On October 31 2011 01:21 BlackFlag wrote:Show nested quote +On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I didn't know nationalities have a monetary worth to it. Could you tell me the worth of different nationalities? How much am I as an Austrian worth? How much is a Sudanese worth?
You're economically worth as much as someone is willing to pay for your services.
You're value also goes down when there is an overwhelming supply of laborers willing to do the same job for less.
The union worker that earns 26$ an hour to clean toilets for Ford isn't going to get a pay raise compared to the same non unionized worker in Mexico that does the same work for 4$ / hr.
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On October 31 2011 05:20 Tien wrote:Show nested quote +On October 31 2011 01:21 BlackFlag wrote:On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I didn't know nationalities have a monetary worth to it. Could you tell me the worth of different nationalities? How much am I as an Austrian worth? How much is a Sudanese worth? You're economically worth as much as someone is willing to pay for your services. You're value also goes down when there is an overwhelming supply of laborers willing to do the same job for less. The union worker that earns 26$ an hour to clean toilets for Ford isn't going to get a pay raise compared to the same non unionized worker in Mexico that does the same work for 4$ / hr.
So we are to lay down and accept that we are trash and never expect better and more out of life that the only people who are allowed to have more out of life are the top of society those who control large businesses or institutions. This is about shared suffrage, people who help destroy the econ in 2008 mostly got away with it with little to nothing in fine or jail sentencing for the majority of them, they make off like bandits while the rest of the nation suffers. They live like kings while we live in cars, sure not every ceo or high paid person had such morally ambiguous practices with their money but why do our ceos get paid so much more then the people? From 2003 data the US is the highest paid place for a ceo to work essentially for double anywhere else would pay for same position.
Saying that else where in the world people get treated like shit so everyone should be treated like shit is bullshit. the US is a large economy we can demand better and business will not leave us they have to interact with us. And more even wealth distribution means more industry built for the middle class less industry built for the exorbitantly rich it also means more money in the hands of consumers less money in the hands of people ie better living conditions, can't say it will raise the prices of all products not all products are made in the us.
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On October 31 2011 00:48 Tien wrote:Show nested quote +On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do.
I don't think you have any clue what the hell you are suggesting.
What constitutes the middle class in India and what constitutes the middle class in America are completely different. Americans aren't "worth" as much on the global market? That's not even an OWS issue. When you say wealth redistribution, that is referring to taxation on the wealthiest people and on corporations. If said tax revenue was used to create jobs (like infrastructure jobs), there is no way that wouldn't help the middle class.
The reason jobs keep getting shipped overseas to countries like India is because they don't have the worker protection laws that we have here, and free trade agreements have made it so there is no monetary incentive to keep the jobs here! Why pay American workers $8 an hour with breaks and clean conditions when you can pay less than $1 an hour to a Chinese or Indian worker with no breaks and in terrible conditions? Our policies need to change to make it so corporations save profit by keeping jobs here instead of losing profit by keeping them here.
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On October 31 2011 00:48 Tien wrote:Show nested quote +On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do.
As an Indian myself I find your analogy really fucking hilarious.
I never said those things are equivalent. However, when the rich continually get richer we do indeed have a wealth distribution problem. IMO it goes back to the early days of trickle down, and it has been exacerbated by years of low corporate taxes and rather low taxes on the rich in general.
We lack job opportunities for a variety of reasons, many of which I won't get into right now, but a lot of it has to do with the devaluation of education in our society. The people who should be earning lots of money aren't, and that's a problem. Some of them don't even have jobs, and it isn't really a fault of their own.
Lastly, India's middle class is a joke. Don't try to create analogies to things you barely understand.
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On October 31 2011 05:40 Voltaire wrote:Show nested quote +On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I don't think you have any clue what the hell you are suggesting. What constitutes the middle class in India and what constitutes the middle class in America are completely different. Americans aren't "worth" as much on the global market? That's not even an OWS issue. When you say wealth redistribution, that is referring to taxation on the wealthiest people and on corporations. If said tax revenue was used to create jobs (like infrastructure jobs), there is no way that wouldn't help the middle class. The reason jobs keep getting shipped overseas to countries like India is because they don't have the worker protection laws that we have here, and free trade agreements have made it so there is no monetary incentive to keep the jobs here! Why pay American workers $8 an hour with breaks and clean conditions when you can pay less than $1 an hour to a Chinese or Indian worker with no breaks and in terrible conditions? Our policies need to change to make it so corporations save profit by keeping jobs here instead of losing profit by keeping them here.
And by doing that ruining the lives of the people in China and India who got a job because of outsourcing. People are just afraid of outsourcing, but outsourcing has been happening for century's and both sides benefit from this exchange. It's not the outsourcing that is the problem.
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On October 31 2011 00:48 Tien wrote:Show nested quote +On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do.
That's funny cuz thirty years ago, wealth distribution was way better, unemployment was way lower and middle class was in way better shape.
In between some jackass influenced by Milton Friedman and his crew deregulated everything, cut taxes everywhere and guess what? We have some ridiculously wealthy people doing very well, big corporate companies having an insane amount of power and money, and everybody else having really bad time with an enormous crisis.
Seems that ultra-liberalism wasn't such a good idea... unless your name is Goldman Sachs or Rupert Murdoch, of course. They are doing grrrreat.
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On October 31 2011 05:40 Voltaire wrote:Show nested quote +On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I don't think you have any clue what the hell you are suggesting. What constitutes the middle class in India and what constitutes the middle class in America are completely different. Americans aren't "worth" as much on the global market? That's not even an OWS issue. When you say wealth redistribution, that is referring to taxation on the wealthiest people and on corporations. If said tax revenue was used to create jobs (like infrastructure jobs), there is no way that wouldn't help the middle class. The reason jobs keep getting shipped overseas to countries like India is because they don't have the worker protection laws that we have here, and free trade agreements have made it so there is no monetary incentive to keep the jobs here! Why pay American workers $8 an hour with breaks and clean conditions when you can pay less than $1 an hour to a Chinese or Indian worker with no breaks and in terrible conditions? Our policies need to change to make it so corporations save profit by keeping jobs here instead of losing profit by keeping them here.
What, exactly, do you suggest ? Because American policy has no impact on foreign corporations using Chinese or Indian labor then exporting their final product to the U.S., which will be cheaper than if that same product were made in the U.S. So, if you put the shackles on U.S. Corporations outsourcing, then that "work" is no longer "outsourced", it is simply entirely relocated to foreign corporations. It's a world market. We are competing with much cheaper labor and more lax laws. Imposing additional restrictions and taxes on U.S. corporations has the exact opposite effect. Jobs will be lost.
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On October 31 2011 08:22 Kaitlin wrote:Show nested quote +On October 31 2011 05:40 Voltaire wrote:On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I don't think you have any clue what the hell you are suggesting. What constitutes the middle class in India and what constitutes the middle class in America are completely different. Americans aren't "worth" as much on the global market? That's not even an OWS issue. When you say wealth redistribution, that is referring to taxation on the wealthiest people and on corporations. If said tax revenue was used to create jobs (like infrastructure jobs), there is no way that wouldn't help the middle class. The reason jobs keep getting shipped overseas to countries like India is because they don't have the worker protection laws that we have here, and free trade agreements have made it so there is no monetary incentive to keep the jobs here! Why pay American workers $8 an hour with breaks and clean conditions when you can pay less than $1 an hour to a Chinese or Indian worker with no breaks and in terrible conditions? Our policies need to change to make it so corporations save profit by keeping jobs here instead of losing profit by keeping them here. What, exactly, do you suggest ? Because American policy has no impact on foreign corporations using Chinese or Indian labor then exporting their final product to the U.S., which will be cheaper than if that same product were made in the U.S. So, if you put the shackles on U.S. Corporations outsourcing, then that "work" is no longer "outsourced", it is simply entirely relocated to foreign corporations. It's a world market. We are competing with much cheaper labor and more lax laws. Imposing additional restrictions and taxes on U.S. corporations has the exact opposite effect. Jobs will be lost.
he's suggesting that tariffs be imposed on imported goods, basically deglobalization, or what we had a few decades ago
india, china and the rest be damned
well, china's military strength isnt such that the US couldnt do this and get away with it... yet 
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Russian Federation4447 Posts
On October 31 2011 05:36 semantics wrote:Show nested quote +On October 31 2011 05:20 Tien wrote:On October 31 2011 01:21 BlackFlag wrote:On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I didn't know nationalities have a monetary worth to it. Could you tell me the worth of different nationalities? How much am I as an Austrian worth? How much is a Sudanese worth? You're economically worth as much as someone is willing to pay for your services. You're value also goes down when there is an overwhelming supply of laborers willing to do the same job for less. The union worker that earns 26$ an hour to clean toilets for Ford isn't going to get a pay raise compared to the same non unionized worker in Mexico that does the same work for 4$ / hr. So we are to lay down and accept that we are trash and never expect better and more out of life that the only people who are allowed to have more out of life are the top of society those who control large businesses or institutions. This is about shared suffrage, people who help destroy the econ in 2008 mostly got away with it with little to nothing in fine or jail sentencing for the majority of them, they make off like bandits while the rest of the nation suffers. They live like kings while we live in cars, sure not every ceo or high paid person had such morally ambiguous practices with their money but why do our ceos get paid so much more then the people? From 2003 data the US is the highest paid place for a ceo to work essentially for double anywhere else would pay for same position. Saying that else where in the world people get treated like shit so everyone should be treated like shit is bullshit. the US is a large economy we can demand better and business will not leave us they have to interact with us. And more even wealth distribution means more industry built for the middle class less industry built for the exorbitantly rich it also means more money in the hands of consumers less money in the hands of people ie better living conditions, can't say it will raise the prices of all products not all products are made in the us.
CEO compensation has nothing to do with middle class being eroded.
I knew this reality would be difficult for you guys to accept but it is what it is. There are hundreds of millions of workers out there in the world willing to work for less than what you guys are being paid.
More wealth redistribution = more tax revenues for government = borrowing and printing less money to pay for 1.4 trillion budget deficit.
More wealth redistribution =/= more industry built for the middle class.
The middle class laborer that has his salary stagnant for 10+ years will see no improvement in his life even with another 100 billion $ a year in wealth redistribution (taxes).
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Russian Federation4447 Posts
On October 31 2011 08:53 Taguchi wrote:Show nested quote +On October 31 2011 08:22 Kaitlin wrote:On October 31 2011 05:40 Voltaire wrote:On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I don't think you have any clue what the hell you are suggesting. What constitutes the middle class in India and what constitutes the middle class in America are completely different. Americans aren't "worth" as much on the global market? That's not even an OWS issue. When you say wealth redistribution, that is referring to taxation on the wealthiest people and on corporations. If said tax revenue was used to create jobs (like infrastructure jobs), there is no way that wouldn't help the middle class. The reason jobs keep getting shipped overseas to countries like India is because they don't have the worker protection laws that we have here, and free trade agreements have made it so there is no monetary incentive to keep the jobs here! Why pay American workers $8 an hour with breaks and clean conditions when you can pay less than $1 an hour to a Chinese or Indian worker with no breaks and in terrible conditions? Our policies need to change to make it so corporations save profit by keeping jobs here instead of losing profit by keeping them here. What, exactly, do you suggest ? Because American policy has no impact on foreign corporations using Chinese or Indian labor then exporting their final product to the U.S., which will be cheaper than if that same product were made in the U.S. So, if you put the shackles on U.S. Corporations outsourcing, then that "work" is no longer "outsourced", it is simply entirely relocated to foreign corporations. It's a world market. We are competing with much cheaper labor and more lax laws. Imposing additional restrictions and taxes on U.S. corporations has the exact opposite effect. Jobs will be lost. he's suggesting that tariffs be imposed on imported goods, basically deglobalization, or what we had a few decades ago india, china and the rest be damned well, china's military strength isnt such that the US couldnt do this and get away with it... yet
You can't tell China you are going to demand tariffs and at the same time beg them to buy more treasuries.
De-globalization, albeit a strategy that would help the average American, is no longer politically possible.
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Russian Federation4447 Posts
On October 31 2011 05:40 Voltaire wrote:Show nested quote +On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I don't think you have any clue what the hell you are suggesting. What constitutes the middle class in India and what constitutes the middle class in America are completely different. Americans aren't "worth" as much on the global market? That's not even an OWS issue. When you say wealth redistribution, that is referring to taxation on the wealthiest people and on corporations. If said tax revenue was used to create jobs (like infrastructure jobs), there is no way that wouldn't help the middle class. The reason jobs keep getting shipped overseas to countries like India is because they don't have the worker protection laws that we have here, and free trade agreements have made it so there is no monetary incentive to keep the jobs here! Why pay American workers $8 an hour with breaks and clean conditions when you can pay less than $1 an hour to a Chinese or Indian worker with no breaks and in terrible conditions? Our policies need to change to make it so corporations save profit by keeping jobs here instead of losing profit by keeping them here.
Said taxation will not be used to create jobs. And even if it is used to employ unemployed workers for infrastructure work, the middle class salary will continue to remain stagnant. You get the point?
If you want to retain American jobs, than give incentives to companies such as lower corporate taxes, or tax credits to relocate back to America. But I believe that we are way past that era. Hard to get back what you have lost.
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Money can't buy happiness. Wealth redistribution isn't going to make anyone happy.
Demanding the government take money from one group and give it to another isn't a trend I want continuing. I'd rather chop the arms off a government that's been meddling in our economy and personal lives for way too long.
Life, liberty, and the pursuit of happiness. There is no guarantee you'll be rich, but you have every right to pursue wealth and achieve personal success unhindered by government intervention. That's freedom.
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Russian Federation4447 Posts
On October 31 2011 06:23 Biff The Understudy wrote:Show nested quote +On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. That's funny cuz thirty years ago, wealth distribution was way better, unemployment was way lower and middle class was in way better shape. In between some jackass influenced by Milton Friedman and his crew deregulated everything, cut taxes everywhere and guess what? We have some ridiculously wealthy people doing very well, big corporate companies having an insane amount of power and money, and everybody else having really bad time with an enormous crisis. Seems that ultra-liberalism wasn't such a good idea... unless your name is Goldman Sachs or Rupert Murdoch, of course. They are doing grrrreat.
You do realize the economic surge that America had between 1947-2000 was arguably the greatest economic surge in the history of the human race.
Now the rest of the world has caught up.
Your next 50 years isn't going to be as good as your last 50. Deal with it.
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On October 31 2011 08:22 Kaitlin wrote:Show nested quote +On October 31 2011 05:40 Voltaire wrote:On October 31 2011 00:48 Tien wrote:On October 30 2011 15:44 wherebugsgo wrote:
Better job opportunities and wealth distribution would also be nice, particularly as the middle class is essentially getting destroyed while the rich continually get richer.
You guys really have no clue what the hell you are suggesting and what the result will actually be. wealth redistribution =/= more job opportunities =/= helping middle class. 30 million people in India are added to the middle class every year. Americans will never accept the fact that they aren't worth as much on the global market as they think they do. I don't think you have any clue what the hell you are suggesting. What constitutes the middle class in India and what constitutes the middle class in America are completely different. Americans aren't "worth" as much on the global market? That's not even an OWS issue. When you say wealth redistribution, that is referring to taxation on the wealthiest people and on corporations. If said tax revenue was used to create jobs (like infrastructure jobs), there is no way that wouldn't help the middle class. The reason jobs keep getting shipped overseas to countries like India is because they don't have the worker protection laws that we have here, and free trade agreements have made it so there is no monetary incentive to keep the jobs here! Why pay American workers $8 an hour with breaks and clean conditions when you can pay less than $1 an hour to a Chinese or Indian worker with no breaks and in terrible conditions? Our policies need to change to make it so corporations save profit by keeping jobs here instead of losing profit by keeping them here. What, exactly, do you suggest ? Because American policy has no impact on foreign corporations using Chinese or Indian labor then exporting their final product to the U.S., which will be cheaper than if that same product were made in the U.S. So, if you put the shackles on U.S. Corporations outsourcing, then that "work" is no longer "outsourced", it is simply entirely relocated to foreign corporations. It's a world market. We are competing with much cheaper labor and more lax laws. Imposing additional restrictions and taxes on U.S. corporations has the exact opposite effect. Jobs will be lost.
There are several areas in this argument that are rather weak. Moving production is not as simple as you might think:
1. If you have a market in the USA for the product, transport can easily add quite a bit of extra cost, when you move to China or India which basically is the other side of the world.
2. Planing and building facilities for the production in the foreign country will move the investment years ahead in the company strategy.
3. Moving to another country is not as easy as it sounds. Most likely you have to deal with local cultures and government/organised crime. China has strict laws in certain areas and dealing with the government on issues might not be as easy as you think. Furthermore the wages in China are increasing and it is happening fast.
4. The market is seldom on generic item x, but rather on a specialized piece. You need to transfer the know-how of the operations. India has a very different culture and generally the personel is less educated. If you cannot communicate well enough with them it will take a long time to reach the levels from the US factory.
Looking at market as completely generic: Everyone can produce everything and transportis free, while government, culture and education are the same in all countries, then you are probably right about loosing jobs by taxing the rich harder. However, when you consider those factors it is not as easy as you think. The only place to move to for companies selling in USA would be Mexico or Canada. I have no idea of how good it is in Mexico and most likely Canada is just as expensive as USA, if not more!
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EPT
