Quote:
Originally Posted by Paul Markham
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As you can see tax revenues are raised by employing people and paying them a decent wage. 70% of UK taxes and 80% of US taxes are raised that way. So sharing production with other countries and "hoping" they buy back is suicide for an economy. Because they rarely do buy back as much as they sell.
Dropping corporation taxes is good. Because if it can attract more companies into the country like it has in the UK, it boosts the employment taxes. Also, it takes people off unemployment so a double bonus. But socialists can't understand simple logic. They would rather we be nice to the world and "hope" something comes back.
The problem is the 1% they profit from sending jobs overseas.
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Then why did Trump cancel TTP with Australia?, the USA was sending and making more from Australia than it was from the USA. The trade imbalance was in America's favour!. It can't be renegotiated, deals have already been done. Same with NZ.
Not much happens now because companies are under contractual agreements, but as they expire trade deals are renegotiated with other countries namely China costing the USA billions of dollars a month. And worst of all, it puts two more of America's allies on Chinas payroll.
Stupid fucking move day one by Trump in a Redneck Kneejerk reaction, that ultimately FUCKS AMERICA IN THE ASS, everyone else will get along fine.