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It's entirely possible for the government to pressure the corporations in the chip industry to move resources into research, development and manufacturing capac
by photochemsyn 2y ago
It's entirely possible for the government to pressure the corporations in the chip industry to move resources into research, development and manufacturing capacity.
What the government would have to do is increase corporate taxes and capital gains taxes but give various writeoffs and rebates for R & D and new factories. Essentially the government tells the corporation, "you can pay us this tax money, or you can put the money back into R & D and production starts, it's up to you."
This would probably upset the Milton Friedman neoliberalism proponents, but they've made a mess of things IMO. Regardless the shareholders and executives would have to take significant losses relative to their present situation under such new conditions. The money has to come from somewhere and fabs are expensive complicated beasts with demanding supply chain issues.
- adgjlsfhk1 2y agothe other option would be cash for shares
- WalterBright 2y ago> What the government would have to do is increase corporate taxes and capital gains taxes Maybe if you put the executives under the lash, too? > the Milton Friedman neoliberalism proponents, but they've made a mess of things IMO Not hardly. The US is determined to tax and regulate businesses until it is cheaper to make things in other countries. That's the source of the problem.