Then the US companies will be outcompeted by more competitive companies located outside the US. Now the US lost the jobs and the workers' income tax and the corporate tax.
America cannot eternally capture a disproportionate share of global wealth, even with such rent seeking moves. It's unsustainable.
We had a golden age after WW2 when we were the only undamaged industrial economy but that age has ended.
America cannot eternally capture a disproportionate share of global wealth, even with such rent seeking moves. It's unsustainable.
We had a golden age after WW2 when we were the only undamaged industrial economy but that age has ended.