It will do nothing to protect jobs and wages in the longer run because it will cripple investment and simply mean the export of jobs.
Invasive species: Opponents of globalization reject foreign influences, cultural or economic – Hindu extremists oppose the celebration of Valentine's Day, and US workers reject export of jobs.
In recent decades, those corporations' export of jobs expanded to include more and more white-collar and skilled work outsourced to India and elsewhere.
Republicans in Congress and on the campaign trail have harshly criticized a number of the administration's environmental and health regulations, which they say are depressing hiring and forcing the export of jobs.
From the marquee battle between Senator Barbara Boxer and Carly Fiorina in California to the House contests in rural New York, Democrats and Republicans are blaming one another for allowing the export of jobs to its economic rival.
Despite Mr. Milliken's conservatism -- he was an important contributor to Mr. Buchanan's 2000 presidential campaign -- many liberals agree with his attempts to thwart the export of jobs to low-wage countries.
Some pundits agonise that profit growth built on the impoverishment of workers at home and the export of jobs abroad as firms outsource operations to China and India cannot be sustained: consumer confidence will fall, demand will plummet and profits will collapse.Others worry that America, in particular, relies too much on financial firms as a source of profit growth.
And this will mean continued and accelerated erosion of the US tax base and the continued export of jobs.
The 99% downplay the above concerns (export of jobs, etc). and explain that strong anti-avoidance rules will of course accompany territoriality.
This was not because politicians wished to reduce the mounting tax burden on their citizens and companies, but because the stimulus of competition obliged them to follow suit, often reluctantly or risk an outflow of capital and the export of jobs.
By taxing the "foreign" income of multinational corporations at a lower rate than paid by domestic companies, it will encourage the continued export of jobs and profits and keep domestic companies at a real competitive disadvantage.
