Forum Post: DEMANDS: Tax on any job shipped overseas, & tariff on imports
Posted 13 years ago on Nov. 7, 2011, 9:31 p.m. EST by Tariff
(2)
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OccupyWallStreet needs to state their demands so that the people in power know how to respond and improve the system.
2 worthy demands that should IMMEDIATELY create jobs in the US:
- Impose a tax on any job that is shipped overseas
- Impose tariff on imports
Other companies such as China, South Korea, and Taiwan are already doing the 2 steps above. It's time the US does the same to salvage the jobs in this country.
2 VERY bad ideas
No tariffs on imports. In 1930 after the wake of the financial crisis in 1929 congress enacted the Hawley smoot tariff act to increase tariffs across the globe. what resutled was boycotts of american goods and pissed of nations across the globe that responded with tariffs as well. There was a global tariff war in which the exports and imports of goods in the US decreased by 25%.
It was the Corporations that lobbied for that act and it was the american people who paid for it in more expensive goods and less exports, ie less jobs.
Let's make some demands or we'd be just trouble makers.
Umm... So what keeps me from moving the whole company?
BTW, Google and others already effectively do this using tax loopholes.