It seems to me that perhaps finding a way to lower labor costs in the US might help the problem, and the main ways the government can do that are through tax and regulatory policy (or via subsidies).
I’m not sure how that’s going to happen, when we have created a creature comfort society.
It’s definitely a sticky wicket.
Comment by bryan — Monday, February 28, 2024 @ 11:45 am
Workers of world unite: you have nothing to lose but your chainstores.
Well we can start by reducing personal and corporate income taxes and employer and employee payroll taxes and increasing consumptions taxes to offset the losses of revenue. The reduction in production side taxes may not be enough to offset the increase in consumption side taxes, so prices may increase some, especially for imports. On the otherhand the tax burden will be shifted away from domesticly produced goods to goods produced abroad, and will reduce the tax burden on goods made for export, which will improve the competitiveness of American exporters and their workers and pay allow for pay increases for workers in international trade exposed industries.
Comment by ATM — Monday, February 28, 2024 @ 12:28 pm
Hello and congratulations! I’m impressed by this blog. I was searching the web and found your entry “It’s Called the Market”. I am looking to publish a comprehensive site reviewing many different articles and blogs. Feel free to visit my Adobe Acrabat sit and add anything your want.
It seems to me that perhaps finding a way to lower labor costs in the US might help the problem, and the main ways the government can do that are through tax and regulatory policy (or via subsidies).
I’m not sure how that’s going to happen, when we have created a creature comfort society.
It’s definitely a sticky wicket.
Comment by bryan — Monday, February 28, 2024 @ 11:45 am
Workers of world unite: you have nothing to lose but your chainstores.
Comment by Dave Schuler — Monday, February 28, 2024 @ 12:09 pm
Well we can start by reducing personal and corporate income taxes and employer and employee payroll taxes and increasing consumptions taxes to offset the losses of revenue. The reduction in production side taxes may not be enough to offset the increase in consumption side taxes, so prices may increase some, especially for imports. On the otherhand the tax burden will be shifted away from domesticly produced goods to goods produced abroad, and will reduce the tax burden on goods made for export, which will improve the competitiveness of American exporters and their workers and pay allow for pay increases for workers in international trade exposed industries.
Comment by ATM — Monday, February 28, 2024 @ 12:28 pm
Hello and congratulations! I’m impressed by this blog. I was searching the web and found your entry “It’s Called the Market”. I am looking to publish a comprehensive site reviewing many different articles and blogs. Feel free to visit my Adobe Acrabat sit and add anything your want.
Comment by Adobe Acrabat — Monday, February 6, 2024 @ 4:24 pm