Frontpage FeedLook on the bottom of the box
Went into the kitchen department of a big box store with the wife and looked on the bottom of the products from OLD American companies. Two were made in the US, Anchor and Corelle. The manufacture of these products are highly automated and requires little labor.
Two were from Vietnam. All the rest were made in China.
Say the Republicans got their way and all business taxes were eliminated. Which manufacturing jobs paying over $15/hour might return to the US?Over $10?
How likely is it that a person earning $10 or $15/hour could pay for food, shelter, and housing AND pay for his medical service plan and save for his retirement if the Republicans get their way?
How likely is it that a person graduating from college this year will find a job that pays over $15/hour? Considering college loans and 4 years of lost wages from going to school full time, will he ever break even?
The basic argument for a
The basic argument for a lower tax is that people can put their money to better use than can the government. The basic argument for that is that people know their own business a lot better than they know other people's business, because people don't really know other people's business well at all.
If this basic argument for a lower tax is fundamentally sound, then it follows that people don't know other people's business well at all.
So now you're asking, "how likely is it that a person" etc. etc. Well, if the basic argument for a lower tax is fundamentally sound, then I don't really know other people's business well at all. And if I don't really know other people's business well at all, then I don't really know the answer to your question.
If, on the other hand, I were omniscient, and therefore were able to answer your question, then that would be an argument in favor of taxing people more and handing that money over to me, the omniscient guy, since, being omniscient, I know what to do with the money.
It's the very difficulty of armchair theorizing about the economy, and people's failure to recognize this difficulty, that got us into trouble in the first place. "Oh, yeah, I know what the effect would be on wage earners if we taxed businesses less," says the guy who thinks he knows enough to run the economy.
Ugh
Isn't this begging the question?
Why would a manufactory locate in the US if it had to pay 10-15USD an hour in wages for a job that can be staffed for a fraction of the cost overseas? Regulation compliance, insurance, legal overhead, etc. adds to any operations overhead in these US of A. Those are the costs of doing business that the Republicans/Democrats will keep in place to continue to strangle small business and encourage corporate gigantism, regardless of the tax situation.
That's my point.
The US "middle class" will be gone within the next 10 years. 80% of the people who think they are middle class now will be working poor if they have a job.
The only fix I can think of
is an across the board import duty on all consumer goods. With 350 million people, the USA is big enough to be its own market for consumer goods.
It is sort of like credit unions - if we are going to get screwed, better to get screwed by people we know than by (Chinese) strangers.
hi
nice article
is an across the board import
is an across the board import duty on all consumer goods. Thank you for your sharing. kabala
is an across the board import
is an across the board import duty on all consumer goods. Thank you for your sharing. kabala
For country
sometimes, I think country could do more for common people
ティファニー
is an across the board import duty on all consumer goods. Thank you for your sharing.
ティファニー
It is sort of like credit unions - if we are going to get screwed, better to get screwed by people we know than by Chinese strangers。
Bottom of the box.
This is a nice blog. It is very informative. - Mario Romano Colts Neck
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Look on the bottom of the box | The Distributed Republic
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Look on the bottom of the box | The Distributed Republic
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