One would think that someone would recognize that “shipping all the jobs overseas” was a fundamentally flawed strategy to bankrupt the middle class. Seems obvious to me.
DJT’s tariffs would be a step in the right direction IF AND ONLY IF it was done “gently” (so as not to ignite a trade war) and strategically (focus on the key industries need in war time). Same with mergers and acquisitions approval.
In the financial realm, TBIF (too big to fail) is TBTE (too big to exist). Balance sheets should be limited to a reasonable amount percentage relative to the national GDP.
Unfunded liabilities by any entity should be outlawed.
Also, executive compensation should be “taxed” to the extent that it exceeds what the President is paid and any other compensation should be “laddered” (i.e., vested non-transferable corporate bonds staggered in equal amounts over a long term time horizon) say thirty years to encourage long term decision making (i.e., no sacrificing long term survival for short term profitability).
Don’t tax savings or whatever it earns. Distinguish between savings, investment, and speculation.
—30—
Reinke Faces Life 