glen a richter wrote:Reaganomics started the rapid death of the US economy.
The 80s were a good time economy wise. Reagan inherited quite a mess from Carter and the economy got a whole lot better under Reagan.
glen a richter wrote: It doesn't have to be lower taxes on the corporations, it needs to be harsh financial penalties on American corporations who do their manufacturing abroad--maybe goods made abroad by American companies are subjected to a 100% import tax, payable by the manufacturer, but domestically produced goods are subjected to no tax whatsoever.
American labor is so much more expensive and companies will continue to offshore it for the cost advantages. You also don't have to worry about the ridiculous unions and their grotesque demands overseas.
glen a richter wrote: If Nike is making stuff in China and has to pay handsomely to bring it into America, obviously passing that expense to the consumer, the consumer won't buy the things made in China anymore, Nike will learn and bring the jobs back stateside. More Americans to work, more Americans making decent wages, more purchasing power for the 99%'ers.
The part you're not considering is how much that pair of shoes will cost you if it's made in America. Instead of $100 you're going to pay $200-$300 now because of the higher cost of goods. So it wouldn't make the economy better, instead it would lead to lack of spending and another recession.
This whole 1%/99% became a big rallying cry for the left under Obama but I've never believed that I am entitled to someone else's money because they have more than me. Likewise I don't believe the 1% is keeping me down either. Some people are better at things and make more money - I understand that and we all have our talents. But it is unfair and unjust to play the whole Robin Hood thing.glen a richter wrote: Honestly, putting the 1% before the 99% is the most un-American thing anyone can do.