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Tariffs are awesome. Smoot-Hawley helped trigger an American boom they called “The Great Depression”. You are describing a system that would give Samsung an ev
by valuearb 9y ago
Tariffs are awesome. Smoot-Hawley helped trigger an American boom they called “The Great Depression”.
You are describing a system that would give Samsung an even far lower tax rate than Apple. You can’t trap capital, it will flow overseas to where the best opportunities are. We are already making this happen with the highest corporate tax rates in the world. Adding foreign corporate taxes as a third layer on every dollar of profit would make our slide to uncompetitiveness go that much faster.