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View Diary: Death of the American Dream is marked by the weakest social safety net & largest prison population (176 comments)

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  •  The US tax-base has been sabotaged by (1+ / 0-)
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    deregulated (‘free’) trade and the exportation of what used to be middle-income jobs (resulting in massive losses in US tax-revenue). If a greater share of imported products were manufactured domestically and the US had more-regulated trade policies (like in Europe), these products would be more expensive, leading to less “living it up” (on products that are less expensive to replace than repair). Increased domestic production (through better trade-policies) would also sure-up the US tax-base (so US taxpayers could more feasibly pay for a safety net).
    Supersized houses would also be a lot more expensive in the US, if it were not for deregulated immigration/undocumented labor, preventing US construction co.s from actually having to pay Americans (and American wages) for construction labor (which also sabotages the US tax-base due to un/under-reported construction-labor income).
    It’s easy to blame the American people for not paying for a safety net. But the American people are powerless against corporations that dictate (i.e. write) deregulated US tax, trade and immigration policies that wreck the US tax-base.

    •  Can the US Bar Imports, or Not? (0+ / 0-)

      Can the US bar imports?

      Isn't this forbidden under the World Trade Organization rules the US signed up for?

      I think there are good arguments that the US could benefit from some tariff protection -- but if they could never be implemented, is talking about regulating trade basically no different than pondering how many angels can dance on the head of a pin?

      If the country can't bar them, then maybe there is no choice but to be competitive on wages, regulation, and taxation levels, however unhappy a choice that is, or face having one's industrial production move to China.

      If the US leaves the WTO, how much new import barriers will US exports face from other countries (the US does have to export products to pay for its energy imports)?

      What do people here think?  I really am not an expert on trade rules.  Is there anyone here who is?

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