To the Editor:
I can’t help but be amused as our domestic corporations and banking institutions cry such tears over the tariffs being imposed by this Administration. Certainly these businesses must have anticipated that eventually someone would try to correct the outrageously out of balance trade situation created by the insatiable greed of these businesses. It is no mere coincidence that during the same time period in which the average CEO-to-worker compensation ratio increased from 30 times to nearly 300 times, these CEOs were diligently reducing operations and employment in the United States and moving them to other countries, especially China.
Not only were these CEOs putting huge numbers of U.S. citizens out of work, but investment bankers were denying new businesses financial aid unless their business plans included a “China” option. Together, they continually strive to change this country from a “producer” nation to a “dependent” nation.
The net result has been a sharp decrease in the rate of worker compensation and opportunity while company CEOs and Boards reward themselves handsomely for their avarice. The establishment of operations in another country is understandable if the product or service is sold to citizens of that country; but these greedy business leaders are selling their foreign made products and services to the same US citizens that they deprived of employment.
Additionally, these companies have given away their investment monies and technology to foreign countries to such an extent that opportunistic countries like China now dominate many markets. Consequently, U.S. consumers no longer have the option of domestic producers for many products and services.
Finally, an administration that isn’t beholden to private interests or debatable social agendas has arrived to help the American worker regain the more rewarding jobs that they lost. Tariffs on imported products and services are very appropriate and long overdue.