Tex
When you start talking about trade deficits Steve, it would be nice (whatever you call yourself) you knew what you were talking about. Of course that might be too much to ask of you.
It would be nice if you could engage in a debate with out resorting to insults...
Taking a comment directed at a totally different subject and changing the answer doesn't make you look smarter,.. it just shows you couldn't disprove my answer...
in response to your new allegation... on trade tariffs...
corporations make decisions based on profit.. they are not in business to make you liberals happy. but to make a profit...
free trade has not lived up to what it's supporters claimed it would do.. but the tax you propose is called a tariff.. and when we tariff a country or a product most countries retaliate...by tariffing our products.. or even restricting our products completely.. acts that ultimately hurt US and our economy..
which doesn't benefit any one... other then foreign importers...
your desire to raise taxes on American corporations would just make American products more expensive then imports, and thus less desirable to over taxed American consumers...
which doesn't benefit any one... other then importers...,...that ultimately hurt US and our economy..
I can't understand how a so-called educated person such as your-self, can't see how adding more cost in the form of taxes to American corporations does not hurt American made products.
but let me try to explain it to you in a simple form that you might understand
If little tex made cowboy boots and it cost him:
$25 dollars in labor costs
$11 dollars in material costs
$4 dollars in overhead costs
$3 dollars in distribution costs
$6 dollars in regulatory compliance
and $18 dollars in taxation
his total costs would be about $67
adding in brand loyalty and finding an acceptable price of say 103.85 for the boots he could cover costs and make a fair living.. but an importer could make the same product and sell it to a corporation and both the importer and the corporation could make a better profit..
and if little tex had to compete with China who had
$2 dollars in labor costs
$7 dollars in material costs
$1 dollars in overhead costs
$6 dollars in distribution costs
$2 dollars in regulatory compliance
and $1 dollar in tariffs
at $19 the importer and the big evil corporation, could sell boots for $98 and still make $79 or $39.50 each, and while the importer and the big evil corporation would have other costs that would make that profit shrink, but not by much
in all the three businesses, Little tex, importer and Big evil corporation would still make roughly $35 dollars profit... or in the grand scheme of things each would be taxed on a $35 million dollar boot industry's profit...
thus making them all rich and equal by the
"tax the rich liberal standards"... since the big evil corporation and the importer could just move off shore,
the only one hurt would be Little tex,
the sole American manufacture.... and the tax revenue would actually go down as the importer, and the big evil corporation would be paying less and little tex would have been forced to sell out because he could not longer compete...
which doesn't benefit any one... other then importers...,...and would ultimately hurt US and our economy..and increase our trade deficit...
hope that was simple enough for you to understand...