General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA simple TPP question
What provisions in the TPP are beneficial to the bottom 98% of American citizens? What good will it do for those of us that aren't millionaires or upper level corporate management?
-90% Jimmy
cali
(114,904 posts)business it could help you grow your business through expanded exports.
delrem
(9,688 posts)This is about free movement of investment capital. Not about small business.
delrem
(9,688 posts)I don't like how it's being rolled out, either.
It is fucking sleazy.
My problem is that I still bet it'll go through, with considerable ease.
I bet the Dems come up with exactly enough votes to see it done.
Why do I bet that? Because I've seen it over and over and over, that the Republicans push their plans through with consummate ease and Dems have to explain why they got "filibustered" or worse, why they didn't even bother, and how it's all the Republican's fault that the Republicans always win.
Jim Lane
(11,175 posts)Your employer would be able to extract monopoly profits for a longer period of time. Employer profitability doesn't guarantee that the low-level workers are better off, but it helps. For example, there's less danger of a bankruptcy filing that would enable the corporation to nullify a collective bargaining agreement.
Provisions concerning intellectual property might have a similar indirect benefit for employees of movie studios and the like.
The benefits would vary by industrial sector. Thus, although there's probably nothing in the TPP that would help all or even most of the bottom 98%, some of those workers would gain from it.
Cheese Sandwich
(9,086 posts)getting arrested for stealing food and medicine so your job would be more secure.
Recursion
(56,582 posts)If you work in agriculture your farm will probably export more
If you work in software your company will probably export more software
Stuff you buy may be a little cheaper
If you work at a store that sells imported stuff, that store may sell more
Now, if you work in consumer manufacturing any foreign competitors will have lower tariffs and your factory will face more competition
If you work in ranching we'll probably be importing more beef from Australia and more hogs from Canada, which won't be good for you
On the whole this is mostly replacing existing trade deals, so it won't be a big "bump" in any direction, but there will be winners and losers on the margin. If it's like NAFTA and CAFTA, there will be a moderate GDP uptick from increased trade, which will be somewhat good for people in general.
If Congress passes a law other countries don't like, rather than just raising tariffs in retaliation they'll have to go through a lengthy WTO court process. This cuts both ways; on the one hand that kept Canada from raising tariffs in response to our country of origin labelling for 13 years (they finally won the case last week and Congress folded rather than take the tariffs), on the other hand conceivably the US could sue Germany over BMW requiring unionization in auto plants in the South. (Though on the third hand Germany could also sue over right to work laws in US states.)