General Discussion
In reply to the discussion: Should capitalists that move their jobs overseas lose their US citizenship? [View all]moondust
(21,286 posts)Do they qualify as "enemies of the state"?
Some would probably say "Fuck You" and move to Switzerland or someplace that welcomes their money with open arms. Maybe some have already made threats of a mass migration of billions to other countries if the government interferes with their "free market." Hell, a lot of fat cat money is already deposited in offshore accounts just to avoid taxes.
I think the French and Russian revolutions demonstrated that the "rules of engagement" are subject to change. Maybe it's just a question of how change comes about.
Some kind of re-importation tax might be enough to discourage offshoring jobs by making it unprofitable, i.e. "If you want to sell it here you'll have to build it here." That would still allow exporting (and importing necessary foreign) goods and services. Along those lines Sen. Schumer a few years ago proposed a tax on U.S. company (banks) customer service calls that are serviced overseas (India) in an effort to discourage offshoring of call centers. I don't know whatever happened to that.