Re: Ireland can compete
The proposed tax changes for business in the US will not drive employment. In a consumer based economy you need consumers to buy and right now the US consumer is not really in a position to do that having seen earnings and free disposable income remain static for many years. The proposal to cut personal federal taxes to 15% will boost disposable income to an extent but then someone needs to fund the $500 billion infrastrucutre fund and it not the Federal Govt, well local tax rates can always be increased. At the same time there is the matter of the 11 million fewer consumers as a consequnce of the proposed forced repatriation of immigrants and the removal of the Syrian refugees.
A further tax to reduce disposable income will be the tax proposed to be levelled on Mexicans living in the US to pay for the new not very effective wall that is planned to stop new consumers sorry immigrants arriving from Mexico.
Of course the other big financial change is the reduction in corporate tax to 10% for businesses like Apple, Google, etc. to bring their overseas earnings back in to the US. Of course this has been done before by the Republicans and of course the only benefit was to shareholders (increased dividends and slightly inflated share prices) and the directors of those companies who paid themselves lovely rewards for being clever to wait to for the tax reduction. What won't happen is any increase in wages since that would reduce profit margins thus reducing the share price and impacting on dividends. It would also mean that people have to pay more for American goods but hey if they keep the jobs in China. India, the Philipines etc. then there is no problem as the local wages will remain low, the profit margin goes up (less domestic tax in the US) and the share price and dividends go up.
Pretty straightforward way to bring jobs back to America don't you think!