Originally Posted by mrjoec123
I agree with you, but it's not that simple. If we were to change our tax laws, and companies stopped building things in China, China would simply call in that gigantic debt we owe them. It's too late now to stop doing business with China altogether.
I would prefer to suck it up and change the tax laws to favor investment and manufacturing here in the US. If the Chinese cash it their US debt is fine with me... they are going to do it sooner or later. I am sure Uncle Benny at the Fed can issue a $T worth of paper money to the Chinese.
The trade agreements are really lopsided to the US... both WTO and NAFTA. Now that China is spending huge amounts of money for windmills, and photo electricity, they are using regulations to keep US companies from selling the products. Their excuse is that WTO does not apply to the government controlled electric utilities.
This rip off the American jobs, capital and technology got to end. A lot of this tech, basic research was developed at the expense of the US taxpayer, including the microchip, robots, LCDs, LEDs, etc. My experience has been that US goods are much better built. Back in 1960s, my parents bought a GE electric iron to press clothes... it lasted till the mid 1980s and my mother go rid of it because the electric cord got worn out. I bought a plasticky GE electric iron and it lasted barely 3 years. Same with the junk tools that I buy these days... the wrenches crack or strip the nuts... I still have my US made tools that I bought in the early 1980s.
I would rather pay more for quality US products like clothes, appliances, etc that last a long time... instead of Chinese junk stuff. I have to keep on telling the wife not to buy this cheap junk. Any doctors or surgeons in the house? I am getting tired of cheap Chinese or even Indian disposable surgical instruments. Hospitals prefer those to reusable hi quality US or even German instruments that have to be autoclaved.