Skip to main content
No. of Recommendations: 1
Perhaps I should not be surprised since he was a dem at one point.

His proposed way to keep American jobs with a border tax is anti-market. It makes no economic sense for companies to pay high priced American workers for jobs other people are willing to do much more cheaply. The border tax is a very bad idea. When I worked at JNJ, we were very reluctant to invest in countries where you could not get out, countries like France that had big penalties for closing plants etc. If Trump pursues this policy it may have short term benefits but in the end the costs will be much higher. Companies will avoid putting any new plants in the US. Please do not turn the USA into Europe, please NO!

The correct ways to keep and build American jobs are:

- lower corporate taxes (looks like he will do that, great)
- less regulation

- getting rid of the ACA (looks some form of that will happen)

- better education system, school choice etc.

But the border tax is a very bad idea.

His rhetoric today about drug prices is also very wrong. The government should not just jaw bone down drug prices. Prices should be set by the market. To get lower prices improve the market with less regulation (drugs are the most regulated industry in the world). Improve the FDA process, to get faster approval of generics etc.

The market is the truth, the market is the answer. Too bad we have so many pols and voters that are market deniers. Of course HRC would not have been any better.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.