Originally Posted By: lovcom
The MASSIVE flaw in your thinking is this: When American Jobs go way, American buying power goes away. When American buying power goes away, American standard of living plummets down the abyss. THIS IS HAPPENING NOW....HELLO!?!...
In other words, moving jobs off shore is bad for our economy.
There is no flaw in my thinking. I am addressing what IS, not what you wish it might be.
In the real world, free trade is good. In the real world, free trade raises the standard of living of each country that participates in it.
But if a country adopts policies designed to destroy incentives, punish business, and discourage job creation, then free trade by itself cannot offset those harmful policies.
Government at the federal, state, and local levels are doing their [censored] to punish business. When the states do it, companies can move to other states -- that's why so many of them left the Rust Belt in the 1970s and 1980s and 1990s. And why so many have been leaving California, especially in the last ten years. Recently Mayor Bloomberg reportedly said that he did not want to raise taxes in NYC because he knew it would drive away business and drive away the wealthiest people who pay a disproportionate share of the city's taxes. But when push came to shove, both NY State and NYC have raised taxes, and you know what will happen next. The same thing has happened in New Jersey, in Ohio, in Michigan, and is happening in other states.
When the federal government raises taxes, increases regulatory burdens, imposes higher costs for health care and pollution controls and fighting the imaginary threat of global warming, what is a company to do? I know what I would do -- I'd get the [censored] out of Dodge. Hello Mexico! Hello Singapore! Hello Israel or Jordan or Brazil or Colombia or India or China or Taiwan.
When the government changes the rules for bankruptcies, so that the people who lend money to companies for expanding plants and equipment get ripped off if a company fails... what person in his right mind would lend a cent to a company in that jurisdiction? I know what I would do, I'd yank my money out of that country ASAP.
When a government starts printing currency without any controls, so that eventually the inflation rate might reach triple-digit annual rates or even higher, then the only thing I'd buy in that country would be hard assets: land, gold, maybe diamonds or other collectibles.
There are many reasons for companies to flee from the United States, taking their jobs with them. Can you think of any reasons for them to stay?
The MASSIVE flaw in your thinking is this: When American Jobs go way, American buying power goes away. When American buying power goes away, American standard of living plummets down the abyss. THIS IS HAPPENING NOW....HELLO!?!...
In other words, moving jobs off shore is bad for our economy.
There is no flaw in my thinking. I am addressing what IS, not what you wish it might be.
In the real world, free trade is good. In the real world, free trade raises the standard of living of each country that participates in it.
But if a country adopts policies designed to destroy incentives, punish business, and discourage job creation, then free trade by itself cannot offset those harmful policies.
Government at the federal, state, and local levels are doing their [censored] to punish business. When the states do it, companies can move to other states -- that's why so many of them left the Rust Belt in the 1970s and 1980s and 1990s. And why so many have been leaving California, especially in the last ten years. Recently Mayor Bloomberg reportedly said that he did not want to raise taxes in NYC because he knew it would drive away business and drive away the wealthiest people who pay a disproportionate share of the city's taxes. But when push came to shove, both NY State and NYC have raised taxes, and you know what will happen next. The same thing has happened in New Jersey, in Ohio, in Michigan, and is happening in other states.
When the federal government raises taxes, increases regulatory burdens, imposes higher costs for health care and pollution controls and fighting the imaginary threat of global warming, what is a company to do? I know what I would do -- I'd get the [censored] out of Dodge. Hello Mexico! Hello Singapore! Hello Israel or Jordan or Brazil or Colombia or India or China or Taiwan.
When the government changes the rules for bankruptcies, so that the people who lend money to companies for expanding plants and equipment get ripped off if a company fails... what person in his right mind would lend a cent to a company in that jurisdiction? I know what I would do, I'd yank my money out of that country ASAP.
When a government starts printing currency without any controls, so that eventually the inflation rate might reach triple-digit annual rates or even higher, then the only thing I'd buy in that country would be hard assets: land, gold, maybe diamonds or other collectibles.
There are many reasons for companies to flee from the United States, taking their jobs with them. Can you think of any reasons for them to stay?