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Many, if not all of the jobs that are being sent overseas by the large corporations are jobs that were created through tax breaks, tax credits, favorable deals on real estate and state subsidies on utility costs. All money from you and me and that guy over there. The Republicans, in their anacephalic worldview, then felt that tax breaks for the destruction of those jobs was a great idea. So that word was made flesh.
In our little slice of paradise, when we do something that harms wider society, we face sanctions. The sad fact is, these corporations face rewards for whatever they do, no matter how socially and economically destructive. This is not sane policy, especially when you consider that corporations have worked long and hard to have the rights of the individual. Well, they should also have the responsibilities and sanctions of the individual.
Instead of rewarding job destruction, especially jobs that were paid for from government handouts, not only should the tax breaks for offshoring be repealed, but it should go farther: if the jobs destroyed are with companies who have received government welfare for job creation, penalties should be enacted. The companies should have to pay back, to the government, the computed cost of each job, in tax dollars, indexed for inflation. Their tax breaks should also fall incrementally, with each job destroyed, as should other benefits. If facilities are closed due to the job destruction, and the corporations balk at paying the penalties, then said facilities should be seized by the government and offered up, under very favorable terms, for worker-led and run corporations in that sector, to compete in that market, against the very companies that used to run the facilities. If the companies offshore and close the facility, the government should move quickly to stay the removal of machinery and other assets of production from the facility, to make sure that the dollar amount worth of the facility is not degraded and that any ensuing company has the potential to be quickly competitive, or the machinery and other assets can be liquidated for monetary recovery. All monies received from this should be dedicated to retraning and the creation of new jobs. Where these industries face restrictive tariffs, from certain countries, that restrict their global competitiveness, similar tariffs should be put in place for the products and work product that comes from said countries, and those monies collected should be dedicated to retraining, education and job creation.
After all, tax dollars paid for much of those jobs and facilities. The criminals should not be allowed to get away in the dead of night. We have to make the process of government-subsidized a self-sustaining process.
We have to start giving corporations the same negative feedback, for their negative actions, that the average citizen receives every day. Only then, will the tide of offshoring of prime jobs start to abate.
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