The 99% Declaration » 13. End Outsourcing and Currency Manipulation

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# 13. End Outsourcing and Currency Manipulation

Grievances Add comments
Dec 082011

End Outsourcing and Currency Manipulation. Subject to the elimination of corporate tax loopholes and exploited exemptions and deductions as stated in grievance five, tax incentives will be permitted to entice businesses to hire our citizens rather than outsource jobs. Conversely, an “outsourcing tax” should be introduced to discourage businesses from sending jobs overseas and companies that continue to outsource will be barred from earning income in U.S. markets. Tax incentives should also be offered to U.S. companies that invest in reconstructing the manufacturing capacity of the United States and hiring our citizens to produce and innovate. This country must again competitively manufacture everyday products in the United States rather than importing them from countries like China and India. To do business in the United States and gain access to the world’s largest and most lucrative market, corporations must make slightly less profit by hiring American workers and paying them a living wage rather than maximizing every penny of profit to the detriment of our society. Congress must implement legislation (see e.g. H.R. 639) to encourage China (which undervalues its currency, the Renminbi, by an estimated 40%) and our other trading partners to end currency manipulation and reduce the massive trade deficit. China’s access to U.S. markets should be replaced with U.S. companies until they are in compliance with trade and currency agreements.

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### 11 Responses to “13. End Outsourcing and Currency Manipulation”

1. Spookytruth says:
   2012/02/01 at 1:28 pm

   I believe Foreign trade Taxing and Tarrifs vs Outsourcing vs Currency Manipultion vs Foreign Good Manufacturing Acceptance Standards, should all be seperate grievances; in order to simplify when the voting process comes up

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2. KrisLewis63 says:
   2012/01/22 at 2:06 pm

   I’d suggest for consideration and (likely) editing/detailing, a “Trade Reform Act”. TRA, in its simplest form, would simply require the USA to mirror other countries trade practices back to them. Where these are impractical, then sufficient tariffs are applied to make the trade balance out. No imbalance allowed.

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   - smlgjohn says:
     2012/01/22 at 4:58 pm

     i agree all trade agreements between nations should be balanced and there should be no more then a 5% fluctuation

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3. reddog says:
   2011/12/29 at 9:52 pm

   1: Apply Alternate Minimum Tax to Corporations based on ‘Money is Speech and Corporations are People’ and re-institute the 30% Corporate tax.

   2: Eliminate Delaware state as tax shelter and determine address of registration as state in which majority of employees reside.

   3: When a Corporation moves overseas, establish a Corporate severance pay as a percentage of saved labor costs/1 year of recent labor costs.

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4. zarepheth says:
   2011/12/20 at 7:41 pm

   Combine this with item 9 “Jobs for all Americans”.

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5. Mark Greene says:
   2011/12/19 at 9:50 am

   While I agree with inclusion of this point in the declaration, I think the wording will be critical. Our intention is to make demands which can be met, and we will need strong input from experts in this area regarding trade policy, treaty agreements, trade wars, etc. If the effect of this point will be the abrogation of existing agreements and treaties, as seems likely, everyone will need to approach this prospect with eyes open…

   I absolutely agree with the principle of linking favorable tax treatment with US based employment, and know that eliminating corporate welfare will tie this point in with the one related to debt and deficits.

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6. Sarah Bonner says:
   2011/12/17 at 1:01 pm

   I’m tempted to suggest that as another way to help discourage companies from outsourcing, we should really cut off ALL incentives — including subsidies — that are normally available to businesses if they have the majority of their operations outside of the US. A business whose factory is located in China, but is registered here and sells here, should not be eligible for tax breaks or incentive programs of any kind.

   Another idea might be to introduce the idea of assessing companies a fee -per call- for those who use out-of-country outsourcing to handle their technical support and administrative support issues.

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7. David Gilbert says:
   2011/12/16 at 7:49 am

   Corporations should be taxed by a variable amount based on the percentage of their payroll going to US workers. A small business employing 100% US workers should be taxed somewhere between 15-20% while a company that has completely shifted its production overseas should be in the 50% range

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8. Eric Soko says:
   2011/12/10 at 6:03 pm

   We should implement a temporal small tax bill (until The USA is out or close to being out of debt) for out side countries to do business here in the United States. If china (or any other country) wants to sell there products herein America they should be taxed, and that tax money would go directly to the nations debt.

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9. Patrick Molen says:
   2011/12/10 at 3:02 pm

   link i posted above does not appear to be working properly?

   INTERNATIONAL COMPARISONS OF HOURLY COMPENSATION COSTS
   IN MANUFACTURING, 2009

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10. Patrick Molen says:
    2011/12/10 at 2:58 pm

    And folks wonder why many recent American college graduates cannot find a job?

    You go to the WSJ and the comments will blame “lazy” American students, “Dumb” American students, but will fail to mention the 6 million plus jobs outsourced/moved overseas.

    Many jobs that used to be good entry level jobs for a graduate have been outsourced to India, China, the Philippines, etc. etc. Many high paying sophisticated jobs in Finance, Law, Information Technology, etc. have also been outsourced overseas. Many millions of US Manufacturing jobs have been outsourced over the years. Northern European firms such as Germany, Finland, etc. pay wages and benefits to their manufacturing workers that vastly exceed the manufacturing wages and benefits in the USA, yet they(northern europeans) have managed to remain powerful exporters. http://www.bls.gov/news.release/pdf/ichcc.pdf

    In addition to outsourcing, American firms are hiring more abroad while pruning their American workforces.

    Article in the WSJ mentions multinationals cutting 2.9 million jobs in the USA between 2001 and 2009 while hiring 2.4 million overseas.

    I strongly support this grievance #14 on Ending Outsourcing. I look back over the last 10 years, observe the trends and then look forward into the future in 10 years when my own kids will be entering the American workforce and wonder…what the hell is happening to our country?

    http://online.wsj.com/article/SB10001424052748704821704576270783611823972.html

    APRIL 19, 2011
    Big U.S. Firms Shift Hiring Abroad
    Work Forces Shrink at Home, Sharpening Debate on Economic Impact of Globalization

    U.S. multinational corporations, the big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization’s effect on the U.S. economy.

    The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That’s a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.

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11. Ending of Perpetual War for Profit
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