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Intel Co-Founder Calls For Tax On Offshored Labor
theodp writes "Intel co-founder and ex-CEO Andy Grove calls BS on the truism that moving production offshore to locations with much lower wages is a sound idea. 'Not only did we lose an untold number of jobs,' says Grove, 'we broke the chain of experience that is so important in technological evolution. As happened with batteries, abandoning today's "commodity" manufacturing can lock you out of tomorrow's emerging industry.' To rebuild its industrial commons, Grove says the US should develop a system of financial incentives, including an extra tax on the product of offshored labor. 'If the result is a trade war,' Grove advises, 'treat it like other wars — fight to win.'"
I don't know how you were voted interesting when the term "trade war" has been around a very long time and is a political and economics term.
It is not that "every american businessman inevitably refers to business process in terms of war." Rather, many businessmen of all countries use the same terminology and you are picking on American businessmen because you are most-likely anti-American.
There is no "-1 offended" or "-1 you don't agree with me" mod options for a reason.
Hate to break this to you, but I know of people who are finding work overseas, I have friends that are, and I'm thinking of doing it myself. We are all highly educated, or at least can pass as such. Not all jobs are high-tech, and you can certainly find well-paying jobs outside the US in any industry. I don't want to be in a banana republic US where I'm upper-middle class (or a politician), while everyone else is starving.
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Just make it illegal to sell US Treasuries to foreign owners. Seems like it might be treason to do so anyways.
Global free trade is one of those things that sounds really good in theory, but in practice ends up driving down wages everywhere,
I'm glad I don't rely on you for economic advice, with such a poor understanding of economics there's no way you're an economist. Fact is is free trade, which does not exist today, increases people's wages.
Falcon
Should there be a Law?
ANother idiots saying stupid things about taxes.
Are you stupid or.. no you're stupid.
To say 'we shouldf lower taxes' or 'we should raise taxes' is stupid and you are just buyinh into nonsense.
You determine the services pepel want, then gather revenue for them. That's it.
When you say 'we should lower taxes' without an idea of what specific service you are going to cut you are being stupid.
Just lowering taxes and cutting post hoc hurts everyone. That's why Reagan's tax policy change this country from a world leader in nearly every measure, to a slow failure in almost every measure.
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