that partially never returns to the US, that is the brain of the Google engineer
If you work for me I own whatever intellectual property comes out of your brain where ever that brain is located. Countries who don't protect intellectual property also won't care if they steal it from the US, so the physical location of that engineer matters very little. My husband's teams install enough shielded drywall (designed to stop electronic eaves-dropping) in US high tech firms to tell you that stealing intellectual property occurs here as well.
If you are an investor you don't want to see job growth, what you want to see is profitability which after being decimated in the late 90s and early 00s is finally coming back. Don't you remember reading all those income statements where the revenue line was rising but the expense line was rising at a higher rate? The fact that American companies jettisoned a lot of over paid workers with dubious value add is a net positive no matter how painful it is for the individuals who have lost their jobs. Some of those people who are unemployed will do what desperate people have done through the millennium, they will start their own company, create their own job. I can't tell you what those jobs will be, but as a good friend told me, while you are caught up in something else the future walks right in on little cat feet.
The only thing the government can do to encourage job creation is lower the onerous costs that they keep heaping on the cost of labor and do away with regulatory hurdles. As far as I can see the various Democratic candidates want to add to these costs. We go that route again and I'm as bearish about the future here as you are.
And a 600 billion dollar deficit. What do you propose as a solution to this?
You can't tax your way out of this, you can only grow your way out. Taxation inhibits growth, every dollar that the Federal government removes from the private sector is one less dollar that can be used to invest in new industries. Right now a lot of investment is going overseas. The reason this is so is because we aren't the most efficient place to invest. You don't change that by becoming even less efficient (trade barriers, regulation, increased taxation). The only way I know to compete with cheap is to do it better, faster and smarter in an area where that matters. You seem to think it's a tactical mistake to off shore R&D for quality reasons, if you are correct than a US company who doesn't do this, who keeps their R&D here has an advantage and will succeed over their competitor who off shores.
The greatest advantage that the US has had over other countries (especially the formerly communist and the socialist ones) is that creative people have been able to reap great rewards for their efforts, especially when they've started the company. In other words, you can get rich here starting a successful company. Is that no longer operational in the US? Never underestimate the prospect of wealth as a powerful motivator of the creative mind.
without the US university infrastructure which is largely financed by US taxpayers
I know you are a product of a state run university but some of the very best schools in this country are private universities and colleges. The biggest private employer in my state is Johns Hopkins University. Education is one of our biggest exports even though a large percentage of the 30% or so foreign undergraduate enrollment pay full tuition and then wind up living here because they have no desire to go back to their home countries.
with no allegiance to the USA because he/she is not an american
This country has always benefited from a steady inflow of foreigners eager for the American life. People risk their lives every single day to come here. I was just in St. John in the Virgin Islands. I asked the guy who took us sailing why there was so much discarded clothing on one particular trail. He said it was where they brought in containers filled with people from China and various other places. After spending a few months in a container the various illegals wade ashore with a bag containing a clean change of clothes. They discard what they wore for two months and put on the clean so they can blend into their new home. Imagine spending 2 months locked inside a shipping container with 15 other people just to have a chance to live here. |
