Posted on 11/11/2010 9:33:02 PM PST by 2ndDivisionVet
I'd be in favoring of eliminating the corporate tax rate completely.
I've never understood why a corporation has to pay taxes in this manner. It always struck me as penalizing a successful business -- which already gets hit hard with sales tax on the capital goods it buys.
Ahhh, now I think I get it. Thanks!
And if you can further increase your profits by having your products produced in China, all the better for you...And that's good for you...But it's not so good for Americans who no longer work for you, or anyone else...
“First off the Great Recession hasn’t ended and secondly we do know the cause of the job losses.”
Really; what kind of credibility can you have when you preface the story with the Great Recession having ended? You’re right; we do know the cause of the job losses.
“But as the major trade deals were made, the American people were assured (for 20 or more years) that they would be retrained for the “high tech, high paying” jobs of the future. Well, the future is here, so where are the high tech, high paying jobs for all the retrained workers?”
Why would anyone hire Americans for these jobs? They might demand a fair wage. The billions of people in Asia are the new middle class; we Americans were the driving force in this process, and now reap the bitter fruits of our “information superhighway”. At this point boycotts would be meaningless; we’ve been reduced to buying necessities only.
Are you talking about the big Wall street firms (Goldman, Morgan Stanley, Citigroup, etc.), or smaller businesses?
“work at Wal-Mart or a restaurant”
You couldn’t even keep these jobs; with two or three years of even small raises, you are priced too high compared to the high school dropout who may not do the job as well, but certainly will do it for less. That is why age discrimination protection (which rarely works anyway) starts at 40 years of age...
“Yes, they will be hard to get back with Obama’s current policy of Wall Street bashing.”
Wall Street is what drove the outsourcing of those jobs to begin with; don’t view them as saviors...
“Is it not because the labor you mentioned has failed to stay competitive?”
If by competitive you mean willing to work for a bowl of noodles each day, you are correct. Americans were not competitive because of things like minimum wage laws, workers compensation, payroll taxes, 40 hour workweeks, etc.. There is no field or industry that has either needed to import labor or outsource work because of uncompetitive Americans in terms of skill; it was all about those items above. Even Asian H1B workers are abused in this country, and have to take it for the duration of their sponsorship; after they’re legal, they don’t have to work ten hours a day seven days a week (as they seek better jobs), and their former sponsor/employer simply looks for another Asian (over there) to take his place...
“When you see an import that is better than its American-made equivalent, you buy it.”
You are oversimplifying; how many products on the shelf today even offer a choice between American-made and imported? The American companies that manufactured in the past were long since driven out of business by foreign competition that could employ children, force convicts to produce, shoot anyone who disagreed, etc.
They do not have the EPA, OSHA, HIPPA and ERISA to deal with.
“...jobs in accounting, financial analysis, commercial printing and a broad array of other mostly white-collar occupations are unlikely to come back, experts predict...”
If you look at the U.S. skill base, it just isn’t all that skilled. Our education system is the underlying long-term problem. Along with so-called free trade. Add in an unhealthy amount of regulation, government mandates, and tax disincentives and you have to wonder how our economy is doing as well as it is.
>The Benefits of Free Trade pin
That would be the benefits of letting unions and government regulatory & taxing authorities run amok.
Free trade is a red herring to distract you from what has destroyed American industry - ridiculous union demands protected by state laws, insane EPA regulations & crushing taxation
Maybe I should start a separate thread. I really want someone to educate me. If not free trade, what then?
Are you talking government controlled excise taxes on imports? What is the system you seek?
We punish the makers and give it to the takers and wonder why the makers flee our shores.
Gonna give you a clue. (grin) The same people who sabotaged America by open borders, by letting industry move offshore, by not imposing tariffs... This same class of parasites blew up Wall Street (and America) with mortgage backed securities and derivatives. Off course they took home billions doing all of the above while the average American and Freeper swallowed their bullshit about>>>>> free trade and free unfettered markets on Wall Street
I never fell for any of the above and have been observing all of the above since 1988.
We are on a path that disenfranchises the Common man, the backbone, the soul, the very bulk [bulwark!] of the economy."
Simply put, exactly so. THE COMMON MAN WHO WANTS TO WORK WITH HIS HANDS. And God bless 'em.
But what do I know, I'm a college-educated douchebag lol...
Boy, you have really drank the union/Democrat kool aid, just like so many here.
We are out because the unions & government regs have destroyed our competitive ability, not because of any of those fantasies that you so glibly throw out.
Wake up and work for structural change in the political climate that creates these corrupt unions and business destroying regulations that serve no purpose whatsoever other than to incite class warfare for political gain.
Until then, nothing will change.
Tariffs are fine by me...especially when we run a 500-700 billion dollar trade deficit. We should have imposed smart targeted tarriff years ago and saved American industry. If we had done this we would not have so many unemployed here today
Me— I rather have an American working and making things for me than a Chinese guy
“I see the six sigma black belts hose **** up all the time.”
Absolutely!! I worked for a major defense contractor for over 30 years. In the late ‘90s they brought in that Six Sigma crap and destroyed processes that had been successful and productive for decades. That ‘movement’ also ruined many successful departments by re-assigning personnel to Six Sigma teams. Under the guise of improving efficiency and cutting costs, Six Sigma essentially has ruined many firms.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.