Comment Re:Worthless (Score 1) 45
I think the US should absolutely have such a thing and invest in American companies but this is politically unviable unfortunately even though we have some in a backhanded type of way.
But this is something that we ABSOLUTELY must do. Far too often we have allowed technology to flow elsewhere because private investors in America were short sighted. We need long-term investments for America's future.
If you want harsher laws against outsourcing and foreign ownership I am onboard 100% but I have my doubts if real laws like that are going to make it out of what seems like a forever split Congress. The fact the CHIPS act got passed is still good, we gotta work for what we can get realistically and use that to justify better in the future.
Nope. I am 100% against BOTH of these. We have several big issues that actually cause all of our downfalls. In addition, to corrupt politicians being bought and the others doing nothing about it (can not believe that ANY CONgress critter is in Trump's courtroom right now):
1) reagan changed tax structures so that instead of every $ obtained was taxed the same, he taxed them differently, as well as pushed some of the worst write-offs that has lead to CONgress giving friends write-offs. All of that has to stop.
2) again, reagan, pushed paying Executives with low/no tax stock/options. THis lead to the likes of GE Welch, Bell labs/HP Fiorina (I worked at both when that GD C*&T destroyed each of those), Boeing's Calhoun and previous CEOs for the previous 20 years, etc. to offshoring.
3) W's withholding taxation of coporations that move operations off-shore.
All of these are what has destroyed our economy.
We need to change all of this.
BTW, pay attention to presidential candidate 'Literally Anybody Else'. Good things are coming.