Earlier quoted context omitted.
It’s a question of implementation. Consider say a 10% dividend on the economy, in the US that’s 6,300$ per year per person. Which does not sound like much to live on, but historically represents a significant income. Not that the US would adopt such a system, but it could by cutting back other spending like social programs. A tiny group might try to live in it, but more would see seasonal jobs as enough. As automatio…
10% of billions of dollars is plenty enough to cause the companies to move to some tax heaven. You can fight that with tariffs, but the end game is being outproduced by orders of magnitude and losing any influence over global market.
That said, labor has been cheaper outside the US for decades, yet manufacturing is still 2+ Trillion dollars per year in the US. In part it’s because you can’t simply move farms, oil wells, or forests etc. But, business friendly regulations, educated workers, efficient transportation, etc are also huge contributors.