Trump to tax 35% any business that leave US and tries to sell product/goods back to USA

[MarkPerry 488]

This is not free market economics, but I suppose he dodged that class too.

There is no such thing as Free Market Economies in USA, Sorry it doesn't exist here. USA has so much regulation and high cost of labor we can't compete with countries with little regulation and paying workers $10 per day.

[MarkPerry 488]

Correct me if I am wrong, isn't Trump among the elites who have been profiting from sourcing production overseas and buying, oh I don't know, lets say Chinese steel undercutting US steel workers.

Now Trump is going to save us from himself and others like him?

Yes, He has so has the rest of the USA. There have no choice, the way the business climate is with regulation has made many US companies not to be able to compete with products made over seas. And they close down the business, and we have to import, and a lot is from China. I find many of the China products to be junk.

his is why Trump is going to Make America Great Again, he is actually the person who knows this first hand by running a company and dealing with this.

As opposed to the Dumbo who has never ran a company, never signed the front of a paycheck.

[MarkPerry 488]

And the next thing you know, you'll be paying $1,000 for an iphone

Yes, it will be more expensive when we start making products here again. In my industry I try to buy American, the parts cost about 15 to 25% more, but the quality and reliability with worth the extra expense. I wish I had more choices to buy American products, but the selection is limited. I would be more than happy to pay the extra cost for the quality and also just for the "Made in America" process since it supports America.

[Voice of Reason 10,298]

4%?? Yes, if you use the new definition of unemployment under the Obama administration. The U-6 unemployment rate is still over 9%.

And still higher than it has been since the '30s, minus one time in 1982.

Yep, 4.6% for Nov. Lowest in 9 years.

Edited December 5, 2016 by LFEHFN

[OriZ 3,157]

Yes, it will be more expensive when we start making products here again. In my industry I try to buy American, the parts cost about 15 to 25% more, but the quality and reliability with worth the extra expense. I wish I had more choices to buy American products, but the selection is limited. I would be more than happy to pay the extra cost for the quality and also just for the "Made in America" process since it supports America.

You might be more than happy to pay it, but there are many who wouldn't. So what would happen is: sales will decline, forcing some companies to close, additionally you'll probably see even more people rely on credit which in return will cause even more crises.

[MarkPerry 488]

You might be more than happy to pay it, but there are many who wouldn't. So what would happen is: sales will decline, forcing some companies to close, additionally you'll probably see even more people rely on credit which in return will cause even more crises.

The premise is to keep companies from leaving the USA and going mainly to Mexico. I highly doubt they would move to CHina due to it being a communist country. The 35% will deter them from leaving, you can bet on that. It will level out the playing field and keep places from leaving the USA. This is part of Trump's "America Is Open For Business" plan.

Is it a 100% cure all, of course not, but it's a heck of start in the right direction.

[Jacque67 7,328]

Hmm...so wil trump pay 35% for outsourcing his clothes manufacturing line to China?

Will ivanka have to pay the tax?

Ivanka Trump, one of the president-elect's daughters, was in the process of finalizing a business deal with a Japanese company when she sat in on Donald Trump's meeting with Japanese Prime Minister Shinzo Abe, according to a new report.

The New York Times reports that at the same time as the meeting Ivanka attended, another meeting was going on in Tokyo as her clothing company worked to reach a licensing agreement with Sanei International, whose largest shareholder is wholly owned by the Japanese government.

The Times reported that the deal has been in the works for two years. There are no reports that the discussion at Trump Tower included mention of Ivanka's business venture. The Times noted, however, that the circumstances illustrate the potential conflicts of interest facing the Trump family once their father is sworn in.

Last week, Trump announced on Twitter that he and his children would share plans on Dec. 15 about leaving my great business in total in order to fully focus on running the country. Doing so is visually important, he wrote, to in no way have a conflict of interest with my various businesses.

http://thehill.com/blogs/in-the-know/in-the-know/308712-ivanka-was-finalizing-deal-with-japanese-apparel-giant-when-she

[MarkPerry 488]

Hmm...so wil trump pay 35% for outsourcing his clothes manufacturing line to China?

Will ivanka have to pay the tax?

Ivanka Trump, one of the president-elect's daughters, was in the process of finalizing a business deal with a Japanese company when she sat in on Donald Trump's meeting with Japanese Prime Minister Shinzo Abe, according to a new report.

The New York Times reports that at the same time as the meeting Ivanka attended, another meeting was going on in Tokyo as her clothing company worked to reach a licensing agreement with Sanei International, whose largest shareholder is wholly owned by the Japanese government.

The Times reported that the deal has been in the works for two years. There are no reports that the discussion at Trump Tower included mention of Ivanka's business venture. The Times noted, however, that the circumstances illustrate the potential conflicts of interest facing the Trump family once their father is sworn in.

Last week, Trump announced on Twitter that he and his children would share plans on Dec. 15 about leaving my great business in total in order to fully focus on running the country. Doing so is visually important, he wrote, to in no way have a conflict of interest with my various businesses.

http://thehill.com/blogs/in-the-know/in-the-know/308712-ivanka-was-finalizing-deal-with-japanese-apparel-giant-when-she

I guess you didn't read my original post.

Read it and get back and try to post a comment relating to that. You are on another topic that doesn't related to this one.

[Jacque67 7,328]

Inconvenient truth. He outsources and won't reveal his taxes...hmmm.

[MarkPerry 488]

Inconvenient truth. He outsources and won't reveal his taxes...hmmm.

Chance of Snow 100%

[Teddy B 17,252]

And the next thing you know, you'll be paying $1,000 for an iphone

A lot of people are going to be in for a rude awakening once the market prices in the US start reflecting the cost of manufacturing those products here. I see a trip back to the old days when households could only afford one car and one tv if they were lucky.

For historical reference, it's worth looking at the Smoot-Hawley Tariff Act of 1930. These tariffs actually led to a loss of American jobs and exports, higher prices, and eventually bank crashes.

People who think increased taxes (on foreign companies) or tariffs are some sort of panacea for the economy should take a step back. It's a double edged sword, and America is not necessarily the biggest bully on the block anymore.

This new tax will prevent a lot of American companies from competing on the global market which in turn will cause loss of jobs, layoffs and company closings, on how large of a scale remains to be seen.

[bowens44 214]

ROFL.. good luck with that. Once again we see that conservatives live in magic kingdom where truth and reality are malleable....

[yuna628 9,758]

There is no such thing as Free Market Economies in USA, Sorry it doesn't exist here. USA has so much regulation and high cost of labor we can't compete with countries with little regulation and paying workers $10 per day.

No such thing huh? Did you also not sit through economics class in school?

You might be more than happy to pay it, but there are many who wouldn't. So what would happen is: sales will decline, forcing some companies to close, additionally you'll probably see even more people rely on credit which in return will cause even more crises.

I never thought it would be difficult to get someone to realize that a high tax on a company is a bad thing. Thought free economics was supposed to be the thing that republicans clutched tightly? A high blackmail tax leveed against a company isn't actually going to be a thing that a company ultimately will pay. It just means the cost of the tax will get dumped and passed along to the taxpayers, in the form of high product costs. It will not increase wages for employees either, the company has to stay afloat.

[Teddy B 17,252]

No such thing huh? Did you also not sit through economics class in school?

I never thought it would be difficult to get someone to realize that a high tax on a company is a bad thing. Thought free economics was supposed to be the thing that republicans clutched tightly? A high blackmail tax leveed against a company isn't actually going to be a thing that a company ultimately will pay. It just means the cost of the tax will get dumped and passed along to the taxpayers, in the form of high product costs. It will not increase wages for employees either, the company has to stay afloat.

I can see these companies leaving anyway to compete in the global market, many more customers worldwide than in the US. Then they will sell their products in the US at much higher prices to include the 35% tax. The US worker and consumer are the one's who ends up on the short end of the stick, not the companies.

Edited December 5, 2016 by Teddy B

[OriZ 3,157]

I can see these companies leaving anyway to compete in the global market, many more customers worldwide than in the US. Then they will sell their products in the US at much higher prices to include the 35% tax. The US worker and consumer are the one's who ends up on the short end of the stick, not the companies.

No such thing huh? Did you also not sit through economics class in school?

I never thought it would be difficult to get someone to realize that a high tax on a company is a bad thing. Thought free economics was supposed to be the thing that republicans clutched tightly? A high blackmail tax leveed against a company isn't actually going to be a thing that a company ultimately will pay. It just means the cost of the tax will get dumped and passed along to the taxpayers, in the form of high product costs. It will not increase wages for employees either, the company has to stay afloat.

Definitely a possibility, however the issue with that is, again, that people just won't be able to afford the higher prices. Which in turn will mean profit margins will either decline significantly, or some companies will be better off just closing. Either way you slice and dice it - whether companies move and just add the taxes to the price, or they stay and have to pay more for labor, the end result is the same; They have to either sell it for a higher price or hurt their bottom line. We might also see wages actually decline across the board if companies are really desperate to stay afloat, and I'm sure some will lose their job. Of course in order to produce the same amount of products with less workers productivity will have to rise so say hi to your new workforce.