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10% of billions of dollars is plenty enough to cause the companies to move to some tax heaven. You can fight that with tariffs, but the end game is being outpro
by ajuc 6y ago
10% of billions of dollars is plenty enough to cause the companies to move to some tax heaven. You can fight that with tariffs, but the end game is being outproduced by orders of magnitude and losing any influence over global market.
- Retric 6y agoAutomation goes beyond manufacturing. Even a simile spell checker saves a lot of time over doing it manually. That said, labor has been cheaper outside the US for decades, yet manufacturing is still 2+ Trillion dollars per year in the US. In part it’s because you can’t simply move farms, oil wells, or forests etc. But, business friendly regulations, educated workers, efficient transportation, etc are also huge contributors.
- ClumsyPilot 6y agoApparently we can win the cold war, but can't sort out tax accounts of a coffee company. Starbucks can report record profits to wallstreet, and losses to the exchequer in the same month. Read about industrialisation of United States and history of tarrifs. US had plenty of them when the British Empire was the industrial powerhouse.
- ta17711771 6y agoHaven