General Discussion
In reply to the discussion: Holy crap! Bernie Sanders is recommending we start a WAR!!! [View all]kenfrequed
(7,865 posts)Even if what you say is true, which isn't completely supported by the articles you posted, this is a bad and stupid game either way.
The companies that hire foriegn workers offshore much of their income which they manage to duck taxes on which requires more borrowing from Social Security to make up for budgetary shortfalls.
The posted profits go to the big investors first as most 401K's are herded into crap investments to cover the spread for brokerage houses favored customers. So Grandpa and Grandma's investments aren't worth that much anyhow. PS, this is also why when the market crashed that the losses were not distributed equally.
The loss of income for Americans based on the exportation of jobs also amounted to a loss of taxable revenue and a loss of money flowing into social security. Continued job exportation is not going to improve this situation.
Even in those cases where some of the investments and rate of return are transferred to retirement funds for the working class and poor (because they have so much to invest) the amount is comparatively scant.
No, our system DOES need major overhaul!