A large cut in corporate rate in the U.S. would be perceived internationally as a full throttle acceleration of the global race to the bottom on corporate taxation.
What is needed is 1 World Representative Government, 1 Standard Corporate Tax Rate, Universal Worldwide Health Care, a Universal Basic Income and an income ceiling for individuals. Climate-change mitigation could then be a reality. Disarmament could then be a reality. Peaceful solutions would then have a chance.
Piketty’s Capital in the 21st Century does a great job of laying the basic facts underpinning this article. There is severe intra- and international inequality throughout the world. Repatriating jobs to a land near the top of the heap would wreck havoc throughout undeveloped nations. The only solution is to strive for more equality intra- and internationally and that would be next to impossible to those for whom capitalism is a religion and not mode of distribution. Adam Smith’s “Invisible Hand” is not the free market, it is either climate change or nuclear weapons–perhaps both. We are at the abyss and need to take Nietzsche’s admonition not to gaze too long into it.