lordofthereef
Android Expert
Taxing those businesses won't stop them from outsourcing. It's still so much cheaper in China, and it will be more so if we raise taxes on the wealthy in order to spread the wealth around, that they'll easily pay your taxes and outsource even more. More tax revenue and a lot less jobs available? Great!
I am not sure how you can say that it will still be cheaper in China. All one must do is impose a tax such that anything outsourced literally costs more than paying people on US soil. It won't be cheaper in China because the tax would make up more of the difference.
If on average, Chinese labor is $1/hr and US labor is $10 an hour (just using these numbers for easy calculations), all that needs to happen is tax outsourced chinese labor such that it is costing the corporation >$10 an hour. Simple math. Simple logic.