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Hi Trent Businesses that were already profitable were offshored...

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09/04/24

09:38

Post #: 73252166
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Originally posted by trent3727 ↑

I think what you are referring to is supply-side economics. Concentrate solely on the business side, not production. The theory is Tax cuts and deregulations for businesses. Hence, they are more profitable than they will have the money to invest. They will want to invest because they will make even more profit, and that should create more economic activity than that will be insensitive to people to grow and start businesses, and therefore, the economy will grow even more, and everybody will win. But that's not what happened. Businesses that were already profitable were offshored, and the wealthy became more wealthy.

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Hi Trent
Businesses that were already profitable were offshored

They were off shored due to excessive government red tape and restrictions and the consequence of falling profits.

Simple ratio -- business needs support and profit otherwise they will go elsewhere usually at no cost
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