How to Save the American Economy

[Michael-5]

the2real4mafol said:

Marks said:
Get rid of minimum wage, get rid of ridiculous regulations on businesses and get rid of corporate/business taxes...then you won't have to worry about "Made in China" because American products could once again compete worldwide like they could 50 years ago.

No stuff like regulations, taxes and minimum wages need to stay. Companies need to remain responsible for their actions. I mean would you work 15 hours for just $5, in filthy and dangerous (life threatening) conditions?. I doubt it. At $5 a day, you wouldn't be able to live in the USA (not now). Not only that, but there would be lots more polution, choking you! Finally, why shouldn't corporations pay any tax?, they produce for the nation, so they should pay a little bit of there earnings to maintain the nation. These corporations are greedy! that's why job's are leaving the USA for Asia

There needs to be some minimum standard to make sure that people who are easily talked into shit jobs, can have a decent lifestyle. There needs to be some minimum standard of life.

and cut corporate taxes? That won't help shit, that will just get the rich CEO's richer and reduce available funds for government. Hell this would severly increase debt, and make day to day life for people other the CEO's worse....much worse.

Also a lot of corporations still choose to keep their headquaters in USA. Yes corporations are greedy, that's why a lot of American citizens start their companies out in Canada (lower corporate tax) and then move to the USA once they grow a bit. China is a bigger market now, but USA is still wealthier, and until China surpasses USA, most corporations won't leave.