Snow reignites fight over job outsourcing

The Mercury News ^ | March 30, 2004 | Martin Crutsinger

[international american]

Are your professors going to support you, when you can't get hired?? I will give you credit for one thing. Get all the education in international business as you can...and then travel to Malaysia, Indonesia, Burma, Singapore, and China....University of Chicago?

[jpsb]

Are you ever correct in any of your assertions? US companies are NOT taxed on foreign income until that income is brought back to the USA. As long as it stays over seas in is tax (USA taxes) free. Jeez, buy a clue sometime why don't ya.

[jpsb]

"Maybe I'll ask my two professors"

Ya, publik skhools, that axplains mukh.

[international american]

Hey, (best writer on the net:) He is a kid , and doesnt know squat...let him learn. You learn nothing in college...he will learn soon enough, my good buddy!

[jpsb]

You are correct, I will take it easy on him in the future. I kinda feel sorry for him, his head is being filled with globalist marxist garbage. Oh well, our tax dollars at work.

[RockyMtnMan]

How is the desire to protect American industry Marxist, no matter how wrong or right the approach is? At least we can all agree that our tax system borders on marxist/socialist, but then that tax system is expanded by the same people that write the free trade agreements.

[international american]

I graduated from Boston College School of Management (Honors Program) MCL So what? I learned nothing in that damn school. I learned from life experience.

[meadsjn]

We tried that in the late 1920s with the Smoot Hawley tariffs. OUr imports went to near zero and our exports did too. The opponents of Smoot Hawley said it would cause the worst depression in history. No one much believed them and the Smoot Hawley tarrifs were enacted.

The Smoot-Hawley act was signed into law in June 1930, with most provisions not taking effect until one or two years later. It will probably forever be espoused as the cause of the depression, but no credible evidence exists for that contention. Foreign trade was a much smaller portion of the economy than it is today.

It is well documented, but not widely reported that Hoover raised taxes, prior to and after the 1929 crash. FDR further raised taxes. States, counties, and cities also raised taxes. And all of them continued raising taxes throughout the depression, and the depression lingered.

People quit investing in businesses, and businesses quit investing in themselves, because the government was taking the fruits of their labors. Do a search on depression + tax rates, and you will see the real cause of the depression.

The outsourcing problem could very well disappear were the US to abolish the income tax, social security and wage withholding, and replace them with the National Retail Sales Tax. Bills are moving in the House and Senate to do just this.

The NRST would abolish the IRS. Taxes would be paid at the final point of sale only. Taxes would apply equally to goods produced in the US and abroad.

The current wage withholding is essentially a tariff on American labor. With the NRST, the greatest disincentive to hire American workers would be removed.

[international american]

Damn, another intelligent F%Reeper....life is good!

[meadsjn]

Why the heck is this not THE campaign issue?

Obviously, the Republicans are just as tangled in the current tax code as the Democrats, and both are using it as a web to control and manipulate the people.

This might work: Move Over Boomers -- Gen-X And Gen-Y in the Coming Decades

[navyblue]

To start with those Japanese could take all those Sony and Honda jobs back to japan. Japan has a stagnet economy and why should thousands of central ohio workers get high wages making Hondas when good japanese citizens could make those high wages. And how about those high paid Michelin tire makers in Greenville South Carolina. They could be making furniture for minimum wage instead of auto workers wages if Michelin took their jobs back home where they belong.

Common Tator, You must be under the impression that wages a low in Japan. Maybe they don't pay their top execs as high as Americans, but the rest of the work force is paid very well.

Ever hear of the bonus? It's paid at the end of the year and usually amounts to about half a years salary. Have you spent much time in Japan? Prices are high and wages are high to pay those prices.

Think we have a lister on here living in Tokyo. Maybe he will ring in on it.

[navyblue]

There are too many globalists in the Bush administration. Mr. Snow should be swept aside. Would he be singing that tune if his job were outsourced?

And you are surprised? Bush himself is a globalist. Globalists are big on "free trade" and national borders are anathema to them.

Does that sound like our president?

[navyblue]

Do you really think that if we ordered American companies not to make things overseas, our consumers would pay more for the American made product rathert than buy imports?

Well first, we can't order American companies not to make things overseas. Second, do you really think you're gonna get those goodies at a cheaper price because it's made overseas?

In your dreams! It will go to the bottom line.

[maui_hawaii]

My favorite quote of all time: "Education is the stuff left over after you have forgotten everything you learned in school."

[maui_hawaii]

Well first, we can't order American companies not to make things overseas.

Nor should we. We SHOULD however seek to create the most valuable areas of trade possible. That won't evolve by itself. Right now we are not doing it.

Second, do you really think you're gonna get those goodies at a cheaper price because it's made overseas?

In your dreams! It will go to the bottom line.

Absolutely. You are not citing my quote btw. Thats Common Tator's line, which I quoted in a response.

The first rule of trade should be "our suppliers are our buyers"

When that gets out of whack we have a problem.

Our investments should create new markets for our goods. Now, thats not really the goal.

[navyblue]

No there won't. The two of you will "laugh" your way through your own minature race to the bottom, while folks with graduate degrees will watch their real incomes rise, as they have been for 40 years or so.

1rudeboy, are you under the impression that because you have a graduate degree your job cannot be outsourced?

If so, then I fear you are in for a surprise!

[navyblue]

Hey, (best writer on the net:) He is a kid , and doesnt know squat...let him learn. You learn nothing in college...he will learn soon enough, my good buddy!

Yeah! Wait until he finds out what that college degree really is. A learners permit!

[international american]

Amen:)

[international american]

Toilet paper:)

[international american]

"Well first, we can't order American companies not to make things overseas.
Nor should we. We SHOULD however seek to create the most valuable areas of trade possible. That won't evolve by itself. Right now we are not doing it."

Wow another intelligent FReeper!!