3. "Trickle-down" has never worked but "trickle-out" is WORSE ...
Robert Reich pointed this out -- the whole theory of "trickle-down economics" no longer works because the rich no longer trickle down their investment on the U.S. alone; they send their money overseas. I don't want us to engage in that type of economics period, but at least we should put some brakes on wealthy investors fleeing this country altogether.
You argue as if all wealth originates from America. Foreign money is invested in America too. The flow of capital helps investors reduce their risks and lowers the overall volatility.
5. It could hardly be worse than these global 'free' trade agreements.
A couple of decades ago our foreign trade policies were somewhere between the extremes of isolationism and global 'free' trade. We had tarrifs so our corporations didn't have to directly compete with foreign companies that used slave labor. And back then we didn't owe our souls to China. Our 20 year foreign trade experiment has been an abject failure.
8. then other countries would impose the same tax for people wanting to invest here -
besides being protectionist in nature there are hundreds of billions in debt being held by foriegners and they would find the issue completely objectionable.
9. That's what the most advanced hardware in the world is for
Not to get to freeperish but they can't enforce crap. We have our security council veto, a big head start in weaponry, and enough resources to completely hunker down for a while if need be.
We are also still consumer #1 too. The developing economies are coming on strong but they aren't strong enough to absorb us deciding to throw a gremlin into the works.
I'm not pushing for a full on retreat from the world but if we elected to there would be little or nothing anyone could do about it to make us pay.
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