I want to take the time to delve further with you into some of your statements but it does take time away from my work to do so. So it will be piecemeal I'm afraid.
Let's look at this statement, "This is what happens when corporations globalize and society globalizes with them." Stop right there. Yes, that is an explanation for how we got to where we are now. But what you need to understand is
that's how we got to where we are now since we changed the way that occurs beginning in the early 1990's.
Previously, the U.S. economy became the largest and most successful in the world t
hrough corporations globalizing and our society globalizing with them but in an entirely different manner. Different economic model, different trade paradigm, different regulatory environment, etc...
The U.S. and Western Europe prospered under the IMF, IBRD, and GATT post-WWII along with many other nations in the third world. A mere decade later industrialized countries were rapidly flourishing and modernizing and doing so usually in environments of low deficit spending (by today's standards).
Though it's an aside, I'd like to point out that the U.S. Treasury National Debt Statistics shows that on January 31, 1981 the U.S. national debt was about $934 billion total. Now it's over $18 trillion. In 34 years, it went from less than one trillion to over eighteen trillion dollars.
Go to the Bureau of Labor
inflation calculator and type in 934 choosing 1981 and 2015 to see what our national debt would look like today if we had balanced the budget on that date and simply paid the low interest due on it each year since. It would be under two and half trillion dollars. IF ONLY we had a national debt of two trillion dollars.
But we didn't, and in 2014 we paid over $430 billion in interest payments to our creditors who own our national debt right out of the federal budget:
Government - Interest Expense on the Debt Outstanding
And that annual interest liability is rapidly increasing every year despite interest rates being low. Imagine if the interest rates rise dramatically pushing up the annual interest liability of the federal budget. When it hits a trillion a year, interest ticks up a bit, and our credit rating is finally normalized by the rating agencies and we cannot simply borrow our way out of it anymore but the annual interest payments are so enormous they literally begin to push social programs out of the federal budget to a large extent what will we do.
Well you already said what you would do: tax the wealthy and the corporations by increasing their tax liabilities via various methods.
But even if you increase tax rates, close every loophole, and track down every offshore account: there's still not enough revenue to make up the difference. And, such activities have many very serious consequences which you have yet to even acknowledge much less demonstrate that you understand.
In addition to lost productivity resulting from decreased incentives, one of them is that large corporations can simply leave and domicile in abroad in other nations. So can wealthy people. When they do that, they no longer have to pay income taxes (and other types of taxes) to the U.S. government because they are no longer U.S. corporations and citizens.
This doesn't mean, of course, that they have no tax liabilities for what they sell in the U.S. or concerns they maintain in the U.S. but it does mean they no longer are responsible for the much higher tax liabilities they presently pay (which would be materially increased by you) as domestic U.S. corporations and U.S. citizens.
Sure, the U.S. can start to implement VATs on foreign goods and services (something the U.S. doesn't presently do but should already be doing) but that net difference is a dramatic loss, not a gain, to government in comparison to what they are presently receiving. Meaning, of course, that you can't just dramatically increase the tax liabilities on the wealthy and large corporations
or you lose them and their future revenues.
Managed capitalism, economic reforms... be careful how you manage and what reforms you implement. That's been done so badly since Bush Sr.'s new world order was implemented that our deterioration has progressed to serious and in twenty years will be absolutely critical.
What happened is necessary to qualifying your initial statement because it's both true and false depending on the period of modern U.S. history that you're referencing.
But understand Human that we're finally having a good discussion and seeking commonalities. I'm enjoying our discussion. Peace.