Posted on 02/24/2003 1:38:02 PM PST by Willie Green
It doesn't bother me the least to engage in retaliatory tit-for-tat.
And that includes categorical dismissal of replies I interpret as disengenuously inane,
I refuse to waste my time being run around in circles by morons playing word games.
But I'm more than willing to enter into honest, intelligent discussion with those who are also so inclined.
Sadly, those people are often few and far between.
Next time, try that strategy with me. Instead of calling me names, lay out your position. Of course there will be no need because I already know your position, so maybe just start right out with the name calling and save time. :^}
If there are so few intelligent people here to have discussions with, why are you here? There must be other BBs where the people are up to your standards. LOL
Despite the flagrant harassment, there are many other participants who merely lurk and read the information presented on these threads. Even if they do not participate in discussion, I consider it worth my time if they simply read the information that I post and make up their own minds based on their own experiences and judgement.
Except perhaps for the cost of whatever materials they might have purchased from foreign suppliers, whatever equipment, vehicles etc. used might not be American made.
It also depends on how much of the profits are spent and reinvested in America, by the owners as well as the employees.
It is very possible that the employee in a company that sells Chinese products might invest their pay in an American made car...and the employee in a company that sells American made products might invest their pay in a Japanese car.
If, you buy the same product from China for 5$, and then spend the 5$ you saved on a second product from China how does that translate into money going into other sectors of our economy?
You're assuming everything we buy is made in China. That's simply not a realistic scenario.
People who save money on products made in China might use their extra money to pay for cable TV service, rent movies, eat out at restaurants etc.
And as I demonstrated above you cannot make simple assumptions about where all the money spent on products actually end up being invested.
Only a small pecentage of those 5$ dollar transactions goes to the retailer.
It's obviously enough to pay for their operations ( most of which would go to American supplied support), enough to pay their American employees and to make a decent profit.
Otherwise they would not be in business.
Maybe, but I think they'll get anarchy, doom and destruction.
Hopefully the socialists will be stopped somehow before that.
If you'd bother to read the article you'll notice their reason for leaving isn't taxes but labor costs...You brought up taxes as the reason(s) for leaving. Unless I'm mistaken american companies manufacturing or whatever they do as a business anywhere are subject to US income taxes.
(eg a single good Florida Indian River Naval Orange goes for $1.00 in Hong Kong) ...How much of that is Chineses tariff?
Aren't orange growers subsidized by American taxpayers?
The US government has, for many years, tracked all major US Dollar transactions, anywhere in the world. But, since the passage of the USA Patriot Act and the Homeland Security Act, they have added tons of additional requirements on US bank and their correspondent banks, for all US Dollar transactions. If any part of the transaction passes through the Fed, as almost all US Dollar transactions do, then the US government wants to know every person involved in the transaction (not just the principles), the source of all of funds involved in the transaction (not just those going through the Fed), and all of the payees in the transaction, regardless of how small. If some sub-sub-sub-broker, who only gets .001% of the total transaction, is not operating room clean, in the eyes of the US government, it can delay the transaction for weeks or even months, often killing a legitimate and massively profitable deal. This isn't saying that the individual in question is not legit. They just won't allow the transaction to take place until everyone concerned is totally transparent and if that takes 6 months, they will hold up the transaction for 6 months. To avoid such delays, businesses and individual investors are beginning to move their investments over to Euros, which are not tracked nor interfered with at all.
To understand why this presents such a severe problem, you must understand how the economy works. In the most basic terms, economists use the term "stagnant" to refer to the US economy when US Dollars are not moving. When the economy is "stagnant", nobody is making money - not the rich, nor the poor, nor the bankers, nor the companies. When the economy is said to be "booming", it refers to a time when people are spending and investing heavily. Then, everyone benefits.
The reason that the switch to Euros spells disaster, is that if that trend continues, the US Dollar will become "stagnant". More and more often, investors on both sides of the pond are finding that their associates on the other side of major business deals, are demanding that all parts of the transaction be conducted in Euros (or UK Pounds, Japanese Yen, etc. - anything but US Dollars), to prevent what is being referred to as Patriot Act delays, that might kill the deal, if they go on too long. 80% of US Dollar transactions over $300 million are initiated by foreign companies. If even half of those transactions switch over to Euros, the effect on the US Dollar will be disastrous.
Without that money in circulation, US banks will find it hard to place US Dollars for investment and when they do, the rates will be lower than for the Euro. That's because nobody wants to get stuck with a stagnant currency, in case of a sudden change in value. If the value of a currency begins to drop, it is next to impossible to dump a stagnant currency. Then add to that, the fact that IRS abuses are already forcing around 100,000 wealthy Americans to expatriate every year, taking their investment capital and tax base with them and you have a condition that makes major investors very nervous about the dollar anyway. But, as long as the US Dollar is strong, that isn't a problem, because they know that they can move their Dollars if they have to. But, if the US Dollar weakens (becomes stagnant) as a result of a move by major investors over to the Euro, then it exacerbates an already serious problem.
Together, these two government generated situations spell disaster if something is not done soon.
As there are two problems, there are only two answers.
Of course, when you realize that about 97% of both houses of Congress and both parties voted for both the USA Patriot Act and the Homeland Security Act, you might also want to consider dumping your current Congressman and Senators at the next opportunity, in favor of a non-incumbent Republican, Libertarian or Independent. That also goes for that pseudo-conservative in the Whitehouse, who not only signed both of those bills into law, without so much as a word about how they shredded the Constitution, but actually pushed for both bills.
The company's hydraulic valves, used for a range of products from powering machines that lift baggage into airplanes to keeping Ferris wheels spinning at amusement parks, cannot be duplicated easily in China and Mexico, Sun executives say.
"If anyone can make a product, then the low-cost manufacturer will always win," said Dick Dobbyn, Sun's chief financial officer. "We invest heavily in engineering to make better products than lower-cost producers."
Sun Hydraulics set up a manufacturing and distribution operation in China in 1998. However, it uses the operation not to tap into low-cost labor, but to sell its products to Chinese manufacturers.
Last year, Sun Hydraulics sold $500,000 worth of valves made in Sarasota and Manatee counties to Chinese customers. It imported nothing in return.
It's a good thing brilliant people who actually conduct business for profit and understand there's more to competition than low prices don't listen to you pin heads who claim if your don't have low prices you'll lose market share...
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