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by adventured 1046 days ago
The solution to what you mention is to turn the big levers that have an outsized impact.

Such as slashing the corporate tax rate (and the offset is to raise the individual tax rate on higher incomes). Which is the Ireland model, and it works extraordinarily well (even more so if you already have a desirable foundation). Cut it far enough and it'll lure more companies and jobs than you can absorb. And meanwhile the corporate income tax is an increasingly trivial component of the US Government's funding, it's no longer very important. If anything we should cut it further (~15%) and very aggressively pull companies, investment, R&D, manufacturing out of foreign nations and into the US. The corporate tax rate is a magnet, the lower you go the stronger it is (and there is no doubt a significant diminishing of returns as you go below a certain % figure).

Increase the standing incentives (not only one-off programs like the CHIPS Act).