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RunInCircles

(122 posts)
2. Another race to the bottom courtesy of free trade
Tue Aug 26, 2014, 03:57 PM
Aug 2014

There is no such thing as free trade. There is always a price to be paid and the American middle class is paying that price.
Cutting taxes is a fools errand as somebody else will always cut their taxes more in a race to the bottom.
CEO's get paid 10's of millions of dollars to prioritize immediate profits above every other concern. Any CEO who holds onto an outdated concept of morality being more important than profits will be replaced. There are solutions such as balanced trade policies and tariffs which favor US companies that pay income tax that would eradicate this problem but these solutions are not optimal for the 1%. I know I am just spitting in the wind here as those that matter (not me) could care less if the entire middle class is eradicated for the sake of short term profits.

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