General Discussion

kentuck

(111,095 posts) Wed Jun 17, 2015, 01:40 PM Jun 2015

We need a new definition for capitalism.

Should corporations that make billions of dollars off the labor of their employees in this country be prohibited from hiding those profits in overseas tax havens?

And since they have fled our nation, in order to not pay their fair share of taxes, should we not pass a tariff on all their products that come back into this country, equal to the amount of taxes they shirked by moving from our country?

Would that be fair?

6 replies

= new reply since forum marked as read

Highlight:

We need a new definition for capitalism. (Original Post) kentuck Jun 2015 OP

Why would that require a new definition for capitalism? Starry Messenger Jun 2015 #1

It's all under the guise of "free trade".. kentuck Jun 2015 #2

But that's what all capitalism does. Starry Messenger Jun 2015 #5

Exactly! And it all begins with the present Trade Treaty before the Congress. kentuck Jun 2015 #6

The name should reflect who we're dealing with pscot Jun 2015 #3

Do you mean? kentuck Jun 2015 #4

Starry Messenger

(32,342 posts)

1. Why would that require a new definition for capitalism?

Reply to kentuck (Original post)

Wed Jun 17, 2015, 01:41 PM

Jun 2015

That's pretty much exactly how it functions.

kentuck

(111,095 posts)

2. It's all under the guise of "free trade"..

Reply to Starry Messenger (Reply #1)

Wed Jun 17, 2015, 01:49 PM

Jun 2015

The citizens and workers of this country are looking for "fair trade".

Capitalism should be required to promote the common good of this country. And not the theory that you steal whatever the market will bear and escape with the profits to another nation.

That should be re-defined, in my opinion.

Starry Messenger

(32,342 posts)

5. But that's what all capitalism does.

Reply to kentuck (Reply #2)

Wed Jun 17, 2015, 02:21 PM

Jun 2015

What the workers of this country need to do is figure that out and choose a different system.

kentuck

(111,095 posts)

6. Exactly! And it all begins with the present Trade Treaty before the Congress.

Reply to Starry Messenger (Reply #5)

Wed Jun 17, 2015, 02:45 PM

Jun 2015

We need to focus more on "fair trade" than the present system of "free trade". Why do corporations, like Walmart, hide their profits overseas? Because of "free trade".

pscot

(21,024 posts)

3. The name should reflect who we're dealing with

Reply to kentuck (Original post)

Wed Jun 17, 2015, 01:54 PM

Jun 2015

kentuck

(111,095 posts)

4. Do you mean?

Reply to pscot (Reply #3)

Wed Jun 17, 2015, 01:59 PM

Jun 2015

America can no longer dream?

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