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Don't forget a large amount of US stocks are held by overseas individuals. So the burden is put on American workers in order to protect the capital of overseas
by _DeadFred_ 1y ago
Don't forget a large amount of US stocks are held by overseas individuals. So the burden is put on American workers in order to protect the capital of overseas millionaire investors.
- FredPret 1y agoOr overseas investors are sending capital to America, where it enlarges existing businesses and creates new ones, leading to more jobs, more competition for the consumer's dollar, and more tax for the US government when money is paid out to those investors. If it was so simple to use capital to exploit the rest of society, why would these investors not simply invest where they are? Why go to the trouble and expense of investing their money in a different country?
- _DeadFred_ 1y agoEdit: Nevermind, it looks like the big beautiful big specifically goes after sovereign wealth funds, retirements funds, etc and overrides existing treaties. So at least we aren't subsidizing other countries on the back of high taxes on American workers.