This started as a comment on Facebook but I feel a need to expound on it a bit.
It starts of course with Bank of America shedding 30,000 people and then sending a lot of those jobs to the Philippines.
With that in mind here is the proposal:
A federal law, call it STOP for Stop The Outsourcing Project.
STOP would penalize each company by taking the dollar amount of compensation for each job proposed for outsourcing, and multiplying it by 400%. Then the company would have to pay that fine and the money from the fine would be split 50/50 between the employee being outsourced and the government. And the employees 50% should be TAX FREE. After all the government is getting half the money from the fine anyhow.
So as an example, imagine an employee making $45,000 per year. The 400% of that would be $180,000. The employee would get two years salary tax free, the government gets the same amount. This brings me to my second point.
Of the $90,000 the government gets, half should go to regulatory bodies to enhance regulation of banks and stock and bond trading. The remainder could go into federal unemployment insurance funds, or anything that helps the people instead of the corporation.
But I’m a realist, I have a blog that gets hit about 100 times a day. I’d need a much larger audience and a lot more money that I don’t have and will never have because I cannot compete with the billionaires who run our political system.