We need some investors to band up and recreate the hardware environment in Shenzhen. There would be a lot of money made that way too so not sure why there wouldn’t be one in Nevada or Arizona or something.
While I like the idea, I think there are presently cultural barriers in the way of that succeeding, mainly the Western view of IP vs the Eastern view of IP.
Yeah, I kinda wish that Apple, as a condition of repatriating its billions at a lower tax rate, had to spend that money standing up Shenzen-like infrastructure somewhere in the US to build its products.
I think the problem is that even if they did, they wouldn't use the facilities, because the labor in the Chinese/Taiwanese facilities would still be cheaper.
This would not work and it isn't even necessary. Looking at how other low-wage fast-growing countries in the past developed, China's wages and costs will soon get close to Western ones and there will be a more fair competition. Eg. if the 1980's hobby economists had been right, all our cars, electronics and computers would be Japanese by now.
is very reproducible, by USA or anyone. They for decades had 10% GDP growth: BY REDUCING TAXES. Not something popular in California - due to Cali math(CA tax payer does not understand that lower taxes = higher tax revenue )
The other trick China used is that it started with a very small economy. Per capita GDP is still less than $10,000 per person, compared to $56,000 in California.
Have you done your homework on your tax claim? Because it isn't actually guaranteed that lower tax rates will lead to higher tax revenue, it depends on the specifics of the tax regime and proposed cut.
Bunnie talks about it on his blog here: https://www.bunniestudios.com/blog/?p=4297