AZhitman wrote:
Hmmmm.
So, it's OK for him to position himself as a "Citizen of the World", seek approval from non-voting non-citizens, prattle on and on about our place in a "global economy", yet continue to pander to the old-school thinking of "Buy American"?
Sorry. He can't have it both ways.
If I outsource HTML coding to my guy in the Netherlands because he'll do it for 1/10th of what a coder here in the US does, nothing BO can do with regards to taxes is going to change that. Nothing.
American companies outsource because of several reasons, all of them created in part by this kind of socialist thinking...
Outsourcing means not having to deal with unions and their meddling.Outsourcing means not having to fund someone's retirement.Outsourcing means lower ERE (employee-related expenses).Outsourcing means not having to carry liability coverage for those people.Outsourcing means getting an industry expert for a competitive wage.
I could go on and on.
Nothing BO does with corporate taxes (that he's outlined so far) has ANY impact on discouraging or encouraging outsourcing of jobs. Nothing.
You have hit on the point that any attempts to prevent outsourcing are, in effect, protectionist. This is indisputably true, and it brings us to the argument of whether or not all protectionist activities are a bad idea.
Maybe they are, maybe they aren't. Few things are ALWAYS true or false, but we can certainly debate the merits of protectionism in general terms.
At any rate, BO CAN drive SOME outsourcing decisions with taxes, specifically tax incentives to companies that create jobs domestically that could otherwise be outsourced overseas. Maybe not when there's a 10x savings, but definitely some of the time.
Anyway, your response that I've quoted outlines precisely why GOP supply-side economics doesn't work, or at least it doesn't work for the people they say it works for. The driving principle behind "trickle-down" is that tax cuts and incentives for companies and shareholders will eventually trickle down to benefit the American workers in their employ. The Democrats have claimed for years that this is, in fact, not the case, at least not often enough.
You are, in effect, confirming this statement. You are advocating supply-side economics and completely shedding any pretenses of the benefits being shared with working society, instead rattling off all the ways they are beneficial for the aforementioned companies and shareholders.
This is obviously true, it DOES unquestionably create the best environment for companies and shareholders, but it is NOT politically viable. You NEED to court working America in order to be electable in America. You cannot have a "party of controllers of capital" and get elected. Maybe if each dollar bought a vote, as that contingent certainly holds the majority of the capital, but seeing as how it's one vote per human, that contingent quite obviously does not hold the majority of humans.
The GOP has been pretty good at convincing the working class that they will eventually see the benefits of supply-side economics. In some cases it's even true, such as with small businesses. It is quite obviously false with large/multinational corporations, however the public continues to buy into it. It is nothing more than an excuse, a ploy, to be able to justify spending tomorrow's money today by saying that it will be somehow returned vis-a-vis this abstract magical process. It's a fairy tale.
EDIT: Additionally, whilst the GOP is talking out of one mouth, convincing the working class that it is their best advocate, it talks out of the other mouth to satiate the flights of fancy promoted by its various minority backers (i.e. staunch social conservatives, controllers of capital, etc).
In regards to the social conservatives, the GOP sells them a lie that, when stripped bare of dressing, promises a return to 1950's America and a reversal of the social upheaval of the second half of the twentieth century. This is quite obviously an undeliverable commodity, and yet the GOP continues to (successfully) convince voters that a vote for candidate "x" or "y" will somehow return us to a time of fewer worries and simpler concerns. This is impossible because America has changed, and America has changed because AMERICANS have changed. The demographics of who makes up our nation has changed drastically, and thus people who are buying into this false promise are buying a lie.
In regards to the "controllers of capital", the GOP also sells a lie. They sell the lie that the United States (or any civilized nation) can somehow function as a strict Darwinian meritocracy wherein winners win and losers keep quiet about it. This ignores every historical precedent of societal wealth and power imbalance in existence. Revolutions have begun this way. The powerful minority cannot marginalize the powerless majority, not even fairly, and get away with it for long. This is akin to sitting in a row boat with another person and making a hole in the floor on his side, it will not sink him but still allow you to float. We are all far too interconnected financially to be looking out only for ourselves.