I actually side with Obama on this issue!

Freiwillige · 10-16-10, 03:17 PM

Well done Mr. president, you have actually done something I think that I and most Americans agree with!

http://news.yahoo.com/s/ap/us_obama_taxes

Bubblehead1980 · 10-16-10, 03:33 PM

Quote:

Originally Posted by Freiwillige

Well done Mr. president, you have actually done something I think that I and most Americans agree with!

http://news.yahoo.com/s/ap/us_obama_taxes

Hmm well if he is serious and not just trying to pander, I agree with him.Thing is he is an extremely dishonest man, but we shall see.I'll give him the benefit of the doubt now and say good job Barry.

yubba · 10-16-10, 04:07 PM

Well, da even a blind squirrel can find a nut, what to do with rest of this mess he created. Shovel ready, I got something for him to shovel.

Freiwillige · 10-16-10, 04:45 PM

Oh by no means am I glorifying the man, He's no Reagan if you catch my drift.

But this is an important piece to the puzzle of reclaiming the American dream.

We have no jobs, We have no industry....we make nothing! Lets contrast that to 50 years ago and compare our economic situation then and now. It doesn't take a rocket scientist to figure out that a nation who's only real export is Jobs and one of its biggest imports is foreign cheap labor to see the writing on the wall.

Next lets repeal Nafta!

FIREWALL · 10-16-10, 05:10 PM

SLOWLY READ the WHOLE article before you give kudos.

The bill is already stalled. Even the Dem politicos aren't going to give up all the campain contributions and bribes from all those big corporations for B.O.

Platapus · 10-16-10, 05:53 PM

Well, we will have to see how the citizens react to this.

While it is easy to proclaim that we should not encourage corporations to move their operations overseas; are the citizens ready to accept the higher prices that their services/products will cost if the corporation uses American labour?

It will still come down to profit. If a corporation can still make a profit by moving operations overseas, they will continue to do so regardless of any tax changes.

I do, however, agree with the premise that US government should never encourage, through tax laws, corporations moving business operations outside of the country.

If a company chooses to do so, that's their business decision, but the government should not encourage it.

I actually feel that companies that move operations out of our country should not only NOT get a tax break, but they should pay an EXTRA tax so that the companies are encouraged to keep operations inside this country.

But the bottom line is that many citizens want the best of both worlds. They want to keep all the business operations in the US but want to continue to enjoy the lower prices of overseas labour. Well, I am afraid you can't have both unless you are willing to cut American wages to match Indian/China/... levels.

So, just to be academically difficult: As a capitalist, should I care about this? As a capitalist, I want the mostest for the leastest.

ETR3(SS) · 10-16-10, 06:52 PM

Quote:

Originally Posted by FIREWALL

SLOWLY READ the WHOLE article before you give kudos.

The bill is already stalled. Even the Dem politicos aren't going to give up all the campain contributions and bribes from all those big corporations for B.O.

mookiemookie · 10-16-10, 08:33 PM

Quote:

Originally Posted by Freiwillige

We have no jobs, We have no industry....we make nothing!

...except food and agriculture, autos, software, pharmaceuticals, transistors, aircraft parts, petrochemicals, computers, telecom equipment amongst other things, making us the third largest exporter in the world.

Facts and data before hysterics, please.

TLAM Strike · 10-16-10, 08:36 PM

Quote:

Originally Posted by mookiemookie

...except food and agriculture, autos, software, pharmaceuticals, transistors, aircraft parts, petrochemicals, computers, telecom equipment amongst other things, making us the third largest exporter in the world.

Don't forget heavy equipment. Caterpillar built gear is loved in China.

FIREWALL · 10-17-10, 01:28 AM

Quote:

Originally Posted by mookiemookie

...except food and agriculture, autos, software, pharmaceuticals, transistors, aircraft parts, petrochemicals, computers, telecom equipment amongst other things, making us the third largest exporter in the world.

Facts and data before hysterics, please.

I don't see any facts in your post to backup your statement.

Keep dreamin Bama Fan.

Takeda Shingen · 10-16-10, 06:37 PM

Quote:

Originally Posted by Bubblehead1980

Thing is he is an extremely dishonest man

So is every politican.

10-16-10, 08:40 PM

Quote:

Originally Posted by Takeda Shingen

So is every politican.

Now that right there is the truth.

The day we see an honest politician is the day that I become president.

Castout · 10-17-10, 02:18 AM

Quote:

Originally Posted by Bubblehead1980

Hmm well if he is serious and not just trying to pander, I agree with him.Thing is he is an extremely dishonest man, but we shall see.I'll give him the benefit of the doubt now and say good job Barry.

That's your sentiment?

Mine is that he's the best thing Americans have after some time. Though may not be as great as Martin Luther King Jr he's got with him a certain feeling of integrity and honesty about himself.

Aramike · 10-17-10, 10:17 AM

Obama couldn't be more wrong. On the surface, this sounds great - but what about American companies who rely on inexpensive labor and lower regulations to produce products that they can competitively price? What happens when they can't price those products to compete with those produced by foreign companies?

They go out of business altogether.

Obama is looking to score points with the typical American who doesn't really think these things through. My suggestion would be to tariff products being imported by nations with large trade imbalances to even out the cost of American produced products compared to imports. If those nations then allow us to address such imbalances by opening their markets further to our products, we can reduce/eliminate said tariffs.

Indeed, the largest part of the problem is that American businesses are competing in an open and saturated American market, but they are hardly allowed into, say, the Chinese market - whereas the Chinese are able to do both.

10-17-10, 01:06 PM

Quote:

Obama is looking to score points with the typical American who doesn't really think these things through.

Like those who suggest sales tax.

Quote:

On the surface, this sounds great -

Yeah right , centuries of history across many nations say bull

Quote:

My suggestion would be to

.....pipe dream, which criminal elements utilise until which point the citizenry as a whole become criminals and the state spends more on chasing revenue evasion than it collects in revenue.

10-16-10, 03:17 PM	#1
Freiwillige The Old Man Join Date: Mar 2008 Location: Phx. Az Posts: 1,458 Downloads: 24 Uploads: 0	I actually side with Obama on this issue! Well done Mr. president, you have actually done something I think that I and most Americans agree with! http://news.yahoo.com/s/ap/us_obama_taxes

10-16-10, 05:10 PM	#5
FIREWALL Eternal Patrol Join Date: Mar 2006 Location: CATALINA IS. SO . CAL USA Posts: 10,108 Downloads: 511 Uploads: 0	SLOWLY READ the WHOLE article before you give kudos. The bill is already stalled. Even the Dem politicos aren't going to give up all the campain contributions and bribes from all those big corporations for B.O. __________________ RIP FIREWALL I Play GWX. Silent Hunter Who ???

10-16-10, 05:53 PM	#6
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,360 Downloads: 63 Uploads: 0	Well, we will have to see how the citizens react to this. While it is easy to proclaim that we should not encourage corporations to move their operations overseas; are the citizens ready to accept the higher prices that their services/products will cost if the corporation uses American labour? It will still come down to profit. If a corporation can still make a profit by moving operations overseas, they will continue to do so regardless of any tax changes. I do, however, agree with the premise that US government should never encourage, through tax laws, corporations moving business operations outside of the country. If a company chooses to do so, that's their business decision, but the government should not encourage it. I actually feel that companies that move operations out of our country should not only NOT get a tax break, but they should pay an EXTRA tax so that the companies are encouraged to keep operations inside this country. But the bottom line is that many citizens want the best of both worlds. They want to keep all the business operations in the US but want to continue to enjoy the lower prices of overseas labour. Well, I am afraid you can't have both unless you are willing to cut American wages to match Indian/China/... levels. So, just to be academically difficult: As a capitalist, should I care about this? As a capitalist, I want the mostest for the leastest. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

10-16-10, 04:07 PM	#3
yubba Admiral Join Date: Sep 2009 Location: in a neighborhood near you Posts: 2,478 Downloads: 293 Uploads: 2	Well, da even a blind squirrel can find a nut, what to do with rest of this mess he created. Shovel ready, I got something for him to shovel.

10-16-10, 04:45 PM	#4
Freiwillige The Old Man Join Date: Mar 2008 Location: Phx. Az Posts: 1,458 Downloads: 24 Uploads: 0	Oh by no means am I glorifying the man, He's no Reagan if you catch my drift. But this is an important piece to the puzzle of reclaiming the American dream. We have no jobs, We have no industry....we make nothing! Lets contrast that to 50 years ago and compare our economic situation then and now. It doesn't take a rocket scientist to figure out that a nation who's only real export is Jobs and one of its biggest imports is foreign cheap labor to see the writing on the wall. Next lets repeal Nafta!

10-17-10, 10:17 AM	#14
Aramike Ocean Warrior Best of SUBSIM Chairman Join Date: Dec 2008 Location: Milwaukee, WI Posts: 3,207 Downloads: 59 Uploads: 0	Obama couldn't be more wrong. On the surface, this sounds great - but what about American companies who rely on inexpensive labor and lower regulations to produce products that they can competitively price? What happens when they can't price those products to compete with those produced by foreign companies? They go out of business altogether. Obama is looking to score points with the typical American who doesn't really think these things through. My suggestion would be to tariff products being imported by nations with large trade imbalances to even out the cost of American produced products compared to imports. If those nations then allow us to address such imbalances by opening their markets further to our products, we can reduce/eliminate said tariffs. Indeed, the largest part of the problem is that American businesses are competing in an open and saturated American market, but they are hardly allowed into, say, the Chinese market - whereas the Chinese are able to do both.