Quote:
Originally Posted by Cannon Shell
I'm confused now. You touted protectionism and now you want to let the market decide? For example if we were to slap huge tariffs on imported tshirts (or ban) from the far east and American companies were encouraged to start producing tshrts do you really think that they wont cost far more to produce and because of the lack of an open market charge more?
The salaries of executives of these corporations are more or less meaningless to the bottom line of the company.If a company makes a billion dollar profit what difference does it make if the CEO gets a 5 million dollar bonus? Trying to rein in pay in private enterprise will lead to more companies being based in the Isle of Mann or Aruba.
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They can only charge what people are willing to pay regardless of the cost to produce. My solution to companies moving out of the country is to levy high tariffs on their products just like India and China do to our products. I would also not allow these foriegn companies to be listed on our stock exchanges. Your strategy amounts to business as usual and we know that no longer is working. Having said that we will continue business as usual and contine to circle the drain.