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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (489790)	6/5/2012 11:08:37 AM
From: skinowski	2 Recommendations Read Replies (1) \| Respond to of 793964

Maybe we need to address bringing back those jobs ......... Perhaps the only thing holding companies back is a reduction of corporate taxes for these corporations. If I understand correctly, what you are proposing are, basically, tariffs on "importation" of services. Would this do more good than bad - I'm not sure. With trade tariffs on physical goods, things are more visible - an isolated economy will inevitably lag and become uncompetitive. With services, it seems less obvious. I'm not sure what would happen. But even if we get back most of those cheap entry level jobs - that would hardly justify our huge bubble in higher education. Entire cities in the US - the so called "college towns" - live in relative prosperity because of students, who are spending their borrowed money. You have private borrowing paying for a significant part of the economy. OWS can camp in the streets and demenstruate until the cows come home -- in the end, higher education has to be in balance with the needs of the economy. Individuals who are wealthy can spend their entire lives studying fine arts, no one can stop them. But those who need to earn a living would be wise to be more practical.