Quote:
Originally Posted by ASAP
i don't think manufacturing is entirely gone in the USA... a number of US car manufacturers namely BMW have plants in SC and are very successful... Boeing has plants all over the USA (they have problems but they aren't price related)... i just think it has to be complex / advanced manufacturing.... we aren't going to make anything sub $1k dollars under any circumstance, that's China all day... but there also already chip foundries already under construction in the USA... to me there is 0 reason we couldn't manufacture medicine here, nor even items like Iphones which are already massively expensive nor fridges nor john deere equipment... its just a chase for top margin dollar which could be offset partially with tax incentives... running an economy almost entirely on services has significant long term consequences that we will need to live with...
I don't entirely understand how a company like Apple can have the freedom to design and market in the USA but entirely manufacture in China and have its corporate / finance HQ in Cork, Ireland for pure tax evasion and storing 100s of billions of $ overseas... does that mean it's really an American company? Can we define that a little better? If we can't, perhaps they don't deserve the benefits of being an American company? then we outsource jobs in tech companies to H1b's and again, it's race to the bottom where we don't protect our workers... the way i see it... our economy is setup to exploit the market for sales w limited benefit back to its people outside of stock market gains...
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The problem with Ireland being the American tech industry tax shelter is that it's in Trump's best interest not to fix it since he has a relationship with government with his golf course. It's a massive tax problem though that needs to be fixed if we want to argue about fixing the debt problem in this country.