Taxes and Trade

[SHRED]

Our current tax and trade tariff rates and laws encourage outsourcing of jobs and hording of wealth.

What a shame that our country has been brainwashed into thinking that lower taxes equals better jobs and opportunity when actually quite the opposite is true as we look back on history. High trade tariffs and high top marginal income tax rates along with higher capital gains tax rates are what helped the USA economy in the fifties, sixties, and seventies. Back when tax rates encouraged the wealthy to shelter a good portion of their returns back into the company in the form of jobs, pay raises, and expansion instead of pocketing the profits in a Cayman account. Back when import tariff taxes made it unprofitable to exploit slave wage manufacturing overseas because the products produced would be too costly as they crossed our borders.

--credit to Thom Hartmann and others who have enlightened me.