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Reply #7: Small businesses will suffer until the trade agreements and tax laws are revised to enable them... [View All]

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AdHocSolver Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 01:44 AM
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7. Small businesses will suffer until the trade agreements and tax laws are revised to enable them...
to compete against the corporate cartels who have rigged the system.

U.S. Manufacturers, which close factories in the U.S. and only purchase from sweatshops in Asia, are no longer manufacturers but importers, which gives them tax advantages, even though those corporations funded the overseas factories, and make profit from them. Companies like Wal-Mart buy only from the cheapest overseas suppliers, maintaining sweatshop working conditions in China as they break American manufacturers. Wal-Mart can get away with this because they drive out the smaller retailers in small towns and rural areas with their "big box" stores. The smaller retailers could provide sales for the smaller U.S. manufacturers, but can't compete with megastores like Wal-Mart. So both small retailers and small manufacturers are driven out of business.

The trade laws and tax laws, in effect, provide a taxpayer subsidy to importers, both retailers and pseudo-manufacturers. This setup is designed to stifle competition, but is touted as "free trade", and is a giant fraud on the American people. This offshoring of jobs produces a huge trade deficit and leads to inflation as the increase in debt to pay for all the imports reduces the value of the dollar.

The "drive to the bottom" on price also reduces the general quality of goods in this country and promotes such practices as adding melamine to food stuffs, and using lead paint in children's toys. There is no "free lunch" and people who shop at Wal-Mart to save a few dollars, in the long term, are not doing themselves or the country any good.
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