Results 181 to 200 of 223
01-24-2012, 09:10 AM #181
01-24-2012, 09:48 AM #182
"I suppose when government seizes the assets of a bank that is a tax. "
Sorry, this is a example of nationalization of private enterprise, not a "Wealth Tax" in the context of these postings.
Wealth tax - Wikipedia, the free encyclopedia
"A wealth tax is generally conceived of as a levy based on the aggregate value of all household holdings actually accumulated as purchasing power stock (rather than flow), including owner-occupied housing; cash, bank deposits, money funds, and savings in insurance and pension plans; investment in real estate and unincorporated businesses; and corporate stock, financial securities, and personal trusts"
01-24-2012, 10:09 AM #183
I mostly want to bring attention to the massive reservoir of untouchable wealth that is the common man's liability.
Bear-Stearns blows up ... crickets
Lehmann blows up ... crickets
Fannie + Freddie ... crickets
MF-Global ... crickets
Trillions in FED QE, from the taxpayer to the Rentier ... crickets
But I shouldn't suggest the money be taxed-back, 'cause that would be a bad thing?
01-24-2012, 10:49 AM #184
In the words of Emily Litella, "Never mind!!"
But then again, WTF is this?
Originally Posted by <jbc>
"You've read it wrong. 75% tax on the wealthiest until revenues are met.
People would still be able to amass significant fortunes, up to a limit.
Edit: Wasn't the Cultural Revolution a Good Thing?"
01-24-2012, 10:52 AM #185
01-24-2012, 11:38 AM #186
01-24-2012, 12:14 PM #187
01-24-2012, 12:47 PM #188
lazlo liked this post
01-24-2012, 01:15 PM #189
When we allowed the gov, & "Justus" legal system, DO YOU SWEAR TO TELL THE TRUTH AND NOTHING BUT THE TRUTH that has had such a profound impact on our entire picture it’s enough to make you puke. The Best liars win in court, The Banks get bailed out I don't know why and it’s only taken 50 yrs. to, (ALL FALL DOWN!)= The Blink of an eye actually. Recovery time, not in this century. Then just add in the conspiracy that we shot our own pentagon with a fn missile so we could yell National security breach, let’s go to war boys! That's income creating jobs. As Bush sat and read children’s stories for 20 minutes. Who do we kill next? All the illegals attempting entry to N.A.? For Mass. Healthcare. Shit if all I had to do was move to Mass. To get a 250k back surgeries then fly home. & all this is only skin deep! The first airline to VAPORIZE IN AVIATION HISTORY! Watch the banned video, (PENTALIES) WAKE UP AMERICA, its OUR OWN FAULT! WE KEEP BLAMING EVERYONE THAT HAD A SMALL SLICE OF THE PIE WHEN IT’S OUR OWN FAULT! “MADOFFS” simply a patsy of our own choice when the Gov. is denting in your liver every day a little at a time so after fifty years you wake and here we are! (Problem,) THERE IS NO FIX!!!GLOBAL MANUFACTURING WAS NOT, IS NOT THE PROBLEM, Just a small piece of a recipe for disaster.LOL the Barter system needs to come alive Shit if we were to build factories to stock Wallmarts shelvs. Every item Made in usa or Banned it would be a better fix than awarding the Chinese three major Bridge contracts what an ass if you vote for him again you are a traitor-Fact Flag burning POS.....
Last edited by metlmunchr; 01-24-2012 at 04:02 PM. Reason: Either rewrite this in some readable form of English or it will be deleted
01-24-2012, 03:48 PM #190
01-24-2012, 03:51 PM #191
01-24-2012, 04:08 PM #192
Just a wild guess here, but I suspect jbc might have seen a whole lot more of what really goes on, from the inside, than any of the rest of us are likely to hear about or even imagine.
Further guess is that he's proposing to jam it in the ass of the uber-rich in the same way they've been jamming it in ours for the last 30 trickle-down years, in the spirit of "what's good for the goose is good for the gander".
01-24-2012, 04:42 PM #193
John Welden liked this post
01-24-2012, 05:35 PM #194
after 3 or 4 pages of pissing contests and name calling, I am ready to go back to the topic-
and from what I can tell, as usual, there is no one answer.
In some cases, it definitely IS the wages.
Some products are cost sensitive above all else, and they work cheaper elsewhere.
But then, what about the products where they come HERE, to the USA, because our wages are lower?
The Germans and the Swedes, in particular, are building factories in the USA because we work cheaper.
So we have the exact same principle- manufacturing being attracted to lower wage countries- both taking away manufacturing jobs in the USA, and adding them as well.
Ikea, BMW, and Mercedes, just to name 3, built factories in the american south so they could take advantage of the dramatically lower wages, regulations, and taxes in the USA, compared to their home countries.
What goes around comes around.
Then, we have cases where the wages are either so small a part of the cost as to be irrelevant, or, even if they are higher, other factors influence the situation more.
For instance, in automobile manufacturing, every company builds the factories where the market is. The economies of scale of importing cars mean that if you are selling very large quantities, its always cheaper to build them where you sell them.
So, once again, conventional wisdom is confounded-
At the exact same time we have virtually every major manufacturer, worldwide, investing billions in factories in the USA.
AND, we also have US companies building factories in China, Thailand, and South America.
If it was only the wages, then every car in the world would be built in China.
But its nowhere near that simple.
America is a huge car market, so companies build auto factories here.
China is a huge car market, so companies build auto factories there.
Pretty soon, all Buicks will be built in China, because, frankly, they buy em, and we dont. Probably, Cadillac will follow. If you took every rapper in the USA, they could buy about as many Escalades as the rich guys in one Chinese city of 2 million people. And the Chinese have 160 cities with over 1 million in population, and well over 30 with populations over 3 million.
So its silly to build a car in a country where you sell 10% of them and export them to a country where you sell 90% of them.
In terms of other reasons jobs leave the USA, most surveys of actual business owners I have read refer to our crummy education system, NOT our taxes or regulations.
In reality, our taxes are among the lowest in industrialized nations, and our system of regulations is way down there in terms of restricitions- we are usually ranked in the top 5 in terms of easiest countries with the least regulations to do business in.
01-24-2012, 06:59 PM #195
01-24-2012, 07:01 PM #196
This might have already been posted, but if not, it is an interesting read on why Apple sources in China. http://www.nytimes.com/2012/01/22/bu...pagewanted=all . It mainly comes down to the supply chain. They can get everything they need to make a product and people who know what they are doing in Asia. To manufacture in the US would require importing almost all parts from Asia because the US doesn't make them anymore. So it isn't really cost or environmental regulations that are driving the decisions in many cases it is knowledge and networks of competent suppliers. We still have some of these regions of skilled people and competent suppliers and used to have a lot of it - Steel in the Ohio River Valley, Heavy manufacturing near the Great Lakes, precision manufacturing in the Connecticut River valley. Unfortunately, too often now our planners think in terms of discretes - trying to steal a plant to from their neighbor rather than building a region with multiple facilities with related skills.
01-24-2012, 07:19 PM #197
All those materials are shipped to Mainland China, where peasant teenagers assemble them. Apple chose to build their products in China for the same reason everyone else does: cheap labor.
01-24-2012, 07:58 PM #198
Regarding the Korean and Japanese components. I would expect that it is cheaper to ship to China than to the US. Also, from the article, key factors for sourcing decisions are the ability to scale up and respond quickly to changes in demand which is certainly a function of cheap and available labor, but also speaks to just the availability of labor.
01-24-2012, 10:41 PM #199
01-24-2012, 10:50 PM #200