[All_That_Chaz]

Originally Posted by devonin

I basically summed up a lengthy serious response in a flip answer that communicated the exact same information my lengthy response would have contained.

I'm just not sure how you think taxing the difference in costs between operating overseas and operating in America as a means to encourage jobs being kept in America doesn't result in a similar increase in the costs of goods, making those wages worth less and basically keeping people at the same level of poverty just now with also spending hours a week labouring to stay just as poor.

The actual socialist solution is to tax people a larger percentage of their earnings the more they make, and roll that additional tax revenue into social programs, not try and indirectly force corporations to employ americans under dramatically stricter labour and wage laws.

On a microeconomic level, companies will produce less because the marginal cost of production is higher. This will both drive down profit margins and drive up prices. Prices are going to be higher because they're artificially low due to the exploitation of foreign labor. If we're trading higher prices for jobs, I'll take it. That's the decision we're talking about.

Yes, the Phillips Curve dictates that with higher employment, we will have increased inflation. I'm not saying that won't happen. I'm saying jobs are worth more. I don't see how you can say people would be just as poor if they're working instead of not working.

And of course I'm for a more progressive tax. That's not what I'm focusing on. I'm talking about providing incentives to keep jobs here.