Outsourcing, unemployment, poverty, and taxes…is there a better way?
What if we offered incentives to companies who follow practices that improve life for our citizens and economy, while at the same time providing needed financial injections into countries with less prosperity?
It seems to me that the big challenges facing us are situations such as when a company gets giant tax cuts to spur their growth, but then they take their “growth” out of country. So in essence, the money they “get” from the government (our money) isn’t used to support our country as expected.
What if instead of tax cuts, grants were issued to companies based on their proposals to improve the quality of life for all of their stake holders? Reasonable profits/dividends for investors, fulfilling jobs and decent wages for employees, and a sustainable and environmentally conscious company. Then they can still outsource in other countries to make a less expensive product, which will support less prosperous countries better than straight handouts. But they that way, they wouldn’t be using our money to do it. At the same time, they can use our money to expand their companies in ways that directly benefit us as a nation and their in country employees.
What if companies were charged taxes for everything, just like the rest of us, but were then able to get grants from that tax pool for specific projects and initiatives? With the requirement of measurable outcomes for those projects and initiatives, would such a system be able to grow business and our economy, while improving the quality of life for our citizens?
