Agreed with this, but I don’t think it was entirely the point of Destin’s video, as more of his focus was about keeping jobs local to the United States. Unfortunately his bit at the end about companies spending more money for local manufacturing is not how Wall Street works, and that’s all corporations care about. If from a national standpoint, retaining this knowledge is vital to the security of the country, the government should be investing in keeping that production in the countries via tax subsidies or other incentives. Corporations won’t do it on their own if it means less profit for them, and imposing tariffs will just be passed to the citizens with no industrial gain.
Agreed with this, but I don’t think it was entirely the point of Destin’s video, as more of his focus was about keeping jobs local to the United States. Unfortunately his bit at the end about companies spending more money for local manufacturing is not how Wall Street works, and that’s all corporations care about. If from a national standpoint, retaining this knowledge is vital to the security of the country, the government should be investing in keeping that production in the countries via tax subsidies or other incentives. Corporations won’t do it on their own if it means less profit for them, and imposing tariffs will just be passed to the citizens with no industrial gain.