alt Hacker NewsIf the US government really wanted to bring back industrial manufacturing, tax policy is one obvious route - eg a 2/3 tax on billionaire and corporate wealth, such as on the huge pile of cash Buffet-Berkshire is sitting on, but then offer a way out - invest that cash in domestic manufacturing and R & D and it won't be taxed.
This could motivate the private sector to go back to the Bell Labs model, too.
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that doesnt really work if they have to compete on price with foreign producers that have lower labor costs, looser environmental regulations, deeper supply chains and better process knowledge. might as well eat the tax (waiting for monopolistic opportunities) or light the money on fire
As if the government could do better capital allocation in the economy than buffett
Billionaires get that way by investing in companies. You don't have to force them into it.