I see many talk about how bad a situation the US is in and indeed the gap between the rich and others is widening, you see it. A couple of my suggestions would be:
Tax all stocks, options and commodities trades 0.1% per transaction
Tax any annual income over 5,000,000, 50%
Put the money towards education, healthcare and social programs
Happy thanks giving all!
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Nonsensical proposal. You cannot tax the investment, you can tax the profits.
Canada is accepting refugees.
Canada is accepting refugees.
That is big money for the Provinces. Reported 100 million was already approved.
Strange things are yet to come. Trudeau inherited a 5 billion dollar deficit. With refugee situation, he will spend 600 million dollars. Is this man crazy, considering he collects less and less taxes each year.
Harper must be happy he lost the elections.
I see many talk about how bad a situation the US is in and indeed the gap between the rich and others is widening, you see it. A couple of my suggestions would be:
Tax all stocks, options and commodities trades 0.1% per transaction
Tax any annual income over 5,000,000, 50%
Put the money towards education, healthcare and social programs
Happy thanks giving all!
Generally stocks, options, and commodities are investments made with dollars that are already taxed. Brokerage firms already charge fees for each transaction. And the IRS collects their capital gain taxes when investments are sold. Wall Street bonuses are already taxed at a very high rate even for the lower income employees that receive such bonuses.
I still believe that the best solution is to levy a tariff similar to the savings by using offshore labor for imports into the US. Some states have what is called Privilege tax. Expand that idea to US companies producing overseas while wanting to benefit from the lucrative US market. That will force them to ketch sense and they will see no benefit in the 'made in China' label when the 'made in the USA' will be more acceptable to the US consumer and possibly around the world.
I still believe that the best solution is to levy a tariff similar to the savings by using offshore labor for imports into the US. Some states have what is called Privilege tax. Expand that idea to US companies producing overseas while wanting to benefit from the lucrative US market. That will force them to ketch sense and they will see no benefit in the 'made in China' label when the 'made in the USA' will be more acceptable to the US consumer and possibly around the world.
That may violate GTO agreements. Tax and spend is never a sustainable solution!
I still believe that the best solution is to levy a tariff similar to the savings by using offshore labor for imports into the US. Some states have what is called Privilege tax. Expand that idea to US companies producing overseas while wanting to benefit from the lucrative US market. That will force them to ketch sense and they will see no benefit in the 'made in China' label when the 'made in the USA' will be more acceptable to the US consumer and possibly around the world.
That may violate GTO agreements. Tax and spend is never a sustainable solution!
This is about US companies outsourcing their labor. The economical landscape has changed. States are looking for with ways to offset the loss of income caused by e-commerce. Same can be done in this case. Especially since these companies are destroying the economical structure of America.
I once heard Prime Minister Reid spoke of the power of manufacturing. That has shown up more profoundly in the US where one can hardly find anything with the words 'made in the USA'. Yet the stock market is now between 7 to 8 times what it was wen I came here in 1987. No politician have the answer for that.
With that, I take the liberty of quoting Politi's quote
"Revolution is not an event it's a process - Steven Biko"
Canada is accepting refugees.
You guys took warria. See what happened.
Canada is accepting refugees.
You guys took warria. See what happened.
HAHAHAHA
I still believe that the best solution is to levy a tariff similar to the savings by using offshore labor for imports into the US. Some states have what is called Privilege tax. Expand that idea to US companies producing overseas while wanting to benefit from the lucrative US market. That will force them to ketch sense and they will see no benefit in the 'made in China' label when the 'made in the USA' will be more acceptable to the US consumer and possibly around the world.
That may violate GTO agreements. Tax and spend is never a sustainable solution!
This is about US companies outsourcing their labor. The economical landscape has changed. States are looking for with ways to offset the loss of income caused by e-commerce. Same can be done in this case. Especially since these companies are destroying the economical structure of America.
I once heard Prime Minister Reid spoke of the power of manufacturing. That has shown up more profoundly in the US where one can hardly find anything with the words 'made in the USA'. Yet the stock market is now between 7 to 8 times what it was wen I came here in 1987. No politician have the answer for that.
With that, I take the liberty of quoting Politi's quote
"Revolution is not an event it's a process - Steven Biko"
Outsourcing ruined the middle class in America. Asians(India, China, Phillipines etc.) benefitted from it.
I still believe that the best solution is to levy a tariff similar to the savings by using offshore labor for imports into the US. Some states have what is called Privilege tax. Expand that idea to US companies producing overseas while wanting to benefit from the lucrative US market. That will force them to ketch sense and they will see no benefit in the 'made in China' label when the 'made in the USA' will be more acceptable to the US consumer and possibly around the world.
That may violate GTO agreements. Tax and spend is never a sustainable solution!
This is about US companies outsourcing their labor. The economical landscape has changed. States are looking for with ways to offset the loss of income caused by e-commerce. Same can be done in this case. Especially since these companies are destroying the economical structure of America.
I once heard Prime Minister Reid spoke of the power of manufacturing. That has shown up more profoundly in the US where one can hardly find anything with the words 'made in the USA'. Yet the stock market is now between 7 to 8 times what it was wen I came here in 1987. No politician have the answer for that.
With that, I take the liberty of quoting Politi's quote
"Revolution is not an event it's a process - Steven Biko"
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
Outsourcing ruined the middle class in America. Asians(India, China, Phillipines etc.) benefitted from it.
We can't benefit those countries if we are crippled.
More Americans are visiting Canada. Americans are hated all over the world; well except Canada.
Outsourcing ruined the middle class in America. Asians(India, China, Phillipines etc.) benefitted from it.
We can't benefit those countries if we are crippled.
They benefit from supplying cheap labor.
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
Not only manufacturing but service industries as well as tertiary education have gone offshore.
I see many talk about how bad a situation the US is in and indeed the gap between the rich and others is widening, you see it. A couple of my suggestions would be:
Tax all stocks, options and commodities trades 0.1% per transaction
Tax any annual income over 5,000,000, 50%
Put the money towards education, healthcare and social programs
Happy thanks giving all!
That is socialism. Trump and boys will never like that.
Outsourcing ruined the middle class in America. Asians(India, China, Phillipines etc.) benefitted from it.
We can't benefit those countries if we are crippled.
They benefit from supplying cheap labor.
But they are not significantly responsible for the wealth of those US companies. That wealth is generated through income, much of which comes from the US consumer. Soon when the US consumer is not in a position to contribute to that wealth generation how will those countries benefit? CEOs are not asked to preserve the US. They are charged with generating profits and that they are doing at the detriment of the US long term position. The government is charged with the US preservation and should come up with the necessary solution.
Outsourcing ruined the middle class in America. Asians(India, China, Phillipines etc.) benefitted from it.
We can't benefit those countries if we are crippled.
They benefit from supplying cheap labor.
But they are not significantly responsible for the wealth of those US companies. That wealth is generated through income, much of which comes from the US consumer. Soon when the US consumer is not in a position to contribute to that wealth generation how will those countries benefit? CEOs are not asked to preserve the US. They are charged with generating profits and that they are doing at the detriment of the US long term position. The government is charged with the US preservation and should come up with the necessary solution.
That's what paying someone $1.50 an hour compared to $12.00 an hour.
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
Not only manufacturing but service industries as well as tertiary education have gone offshore.
Exactly. And the service sucks. The language barrier is also a problem. Glad you brought up tertiary education. The schools are so profit driven that they are not even advising the students of how to get to their goals. They are using professors who are doing it as a second job which makes them less committed. My daughter's chemistry professor scheduled a 10PM finals test probably because she had a dinner date. How can a kid being at school all day be able to take a finals test at that time and still do well. The schools don't care because it means more money for them if the class has to be retaken.
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
Banna, the actions of the US corps is a product of trade agreements so acting punitive and independent will have repercussions. The US has to create the incentives at home and not legislate it's way out of the problem.
Outsourcing ruined the middle class in America. Asians(India, China, Phillipines etc.) benefitted from it.
We can't benefit those countries if we are crippled.
They benefit from supplying cheap labor.
But they are not significantly responsible for the wealth of those US companies. That wealth is generated through income, much of which comes from the US consumer. Soon when the US consumer is not in a position to contribute to that wealth generation how will those countries benefit? CEOs are not asked to preserve the US. They are charged with generating profits and that they are doing at the detriment of the US long term position. The government is charged with the US preservation and should come up with the necessary solution.
That's what paying someone $1.50 an hour compared to $12.00 an hour.
Only problem is that those companies have enough money to afford the $12.00 per hour. I mentioned yesterday how the Fox boys were bragging not so long ago that Apple has more cash than the US government. Yet Apple makes all their products in China.
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
Not only manufacturing but service industries as well as tertiary education have gone offshore.
Exactly. And the service sucks. The language barrier is also a problem. Glad you brought up tertiary education. The schools are so profit driven that they are not even advising the students of how to get to their goals. They are using professors who are doing it as a second job which makes them less committed. My daughter's chemistry professor scheduled a 10PM finals test probably because she had a dinner date. How can a kid being at school all day be able to take a finals test at that time and still do well. The schools don't care because it means more money for them if the class has to be retaken.
Each student in the class is seen as a cash register and a pre determined %'age must repeat.
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
Banna, the actions of the US corps is a product of trade agreements so acting punitive and independent will have repercussions. The US has to create the incentives at home and not legislate it's way out of the problem.
Ok, I will indulge you. Tell us what the US can do to fix the problem. Give specifics.
Outsourcing ruined the middle class in America. Asians(India, China, Phillipines etc.) benefitted from it.
We can't benefit those countries if we are crippled.
They benefit from supplying cheap labor.
But they are not significantly responsible for the wealth of those US companies. That wealth is generated through income, much of which comes from the US consumer. Soon when the US consumer is not in a position to contribute to that wealth generation how will those countries benefit? CEOs are not asked to preserve the US. They are charged with generating profits and that they are doing at the detriment of the US long term position. The government is charged with the US preservation and should come up with the necessary solution.
That's what paying someone $1.50 an hour compared to $12.00 an hour.
Only problem is that those companies have enough money to afford the $12.00 per hour. I mentioned yesterday how the Fox boys were bragging not so long ago that Apple has more cash than the US government. Yet Apple makes all their products in China.
Overseas cheap labor makes us the 99%. Check the companies on Wall Street..Morgan Stanley, JP Morgan etc. and see how many workers they have outside the US.
Each student in the class is seen as a cash register and a pre determined %'age must repeat.
And while nothing is wrong with that, they are not getting the best return for their investment. Can't even complain about a problematic professor.
Each student in the class is seen as a cash register and a pre determined %'age must repeat.
And while nothing is wrong with that, they are not getting the best return for their investment. Can't even complain about a problematic professor.
Tenure is the problem; not performance.
Overseas cheap labor makes us the 99%. Check the companies on Wall Street..Morgan Stanley, JP Morgan etc. and see how many workers they have outside the US.
While those companies generate the wealth on wall street, they don't provide opportunities for most of the US working age population. Manufacturers do.
Each student in the class is seen as a cash register and a pre determined %'age must repeat.
And while nothing is wrong with that, they are not getting the best return for their investment. Can't even complain about a problematic professor.
Tenure is the problem; not performance.
Tenure is not an issue at the tertiary level. Many of those professors are there as a second job. Tenure is more prevalent at the primary and secondary level.
Overseas cheap labor makes us the 99%. Check the companies on Wall Street..Morgan Stanley, JP Morgan etc. and see how many workers they have outside the US.
While those companies generate the wealth on wall street, they don't provide opportunities for most of the US working age population. Manufacturers do.
Still some services jobs are outsourced..robbing the treasury of taxes.
Overseas cheap labor makes us the 99%. Check the companies on Wall Street..Morgan Stanley, JP Morgan etc. and see how many workers they have outside the US.
While those companies generate the wealth on wall street, they don't provide opportunities for most of the US working age population. Manufacturers do.
Still some services jobs are outsourced..robbing the treasury of taxes.
I agree. I love how these Republicans always claim that they will get rid of taxes. Yet they don't because they soon learn that they cannot operate without money.
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
You do know that the USA is one of the few nations which taxes profits generated from activities conducted overseas. In fact this policy has a counter productive result in that overseas subsidiaries are established, to allow profits generated overseas to remain untaxed by US authorities.
Why not look at the various loop holes which allows US based corporations not to be taxed on profits based on activities generated WITHIN the USA.
Remember that the USA exports goods and services, and if the US Gov't engages in activities which closes US markets to foreign based companies, then US exporters risk retaliation.
Screaming about outsourcing is like trying to empty the ocean with a tea cup. When a Mexican company outsources call center activity to Guyana is it a bad thing?
Overseas cheap labor makes us the 99%. Check the companies on Wall Street..Morgan Stanley, JP Morgan etc. and see how many workers they have outside the US.
While those companies generate the wealth on wall street, they don't provide opportunities for most of the US working age population. Manufacturers do.
PRIVATE companies are only obligated to provide a return to their share holders. All activities that they engage in will be about attaining that goal.
Economies are dynamic and people will adjust, unless you suggest that we shouldn't have cars, because that meant that people who lost their jibs making carts are now unemployed.
Its the responsibility of the gov't to anticipate the labor force needs of the economy, and to ensure that workers are adequately trained to meet those needs. This is why USA and the UK complain about outsourcing, and Germany doesn't.
Addidas(German company) started the trend of manufacturing in China. They were the first. Suh, Germany is way ahead of the game. However, they also are not training people in the skilled trades. In time, they will feel the pitch as well.
I see many talk about how bad a situation the US is in and indeed the gap between the rich and others is widening, you see it. A couple of my suggestions would be:
Tax all stocks, options and commodities trades 0.1% per transaction
Tax any annual income over 5,000,000, 50%
Put the money towards education, healthcare and social programs
Happy thanks giving all!
Who you think will pay the transaction tax? That is not a way to reshape the income gap. One needs the rich to pay the same proportion as the poor with no exemptions. They manipulate these to their ends and hardly pay taxes.
This is a loose-cannon approach which will lead to other backlash from companies and Govts. What is needed is a coherent national policy, not castigating and taking punitive action against companies using fully legal means to optimize shareholder value. We need a policy to incentivizing companies to invest at home.
All you are doing is parroting the politicians. Which company will give up their 80 cents savings for your 20 cents incentive? Politicians already doing that and companies saying "no thank you".
You do know that the USA is one of the few nations which taxes profits generated from activities conducted overseas. In fact this policy has a counter productive result in that overseas subsidiaries are established, to allow profits generated overseas to remain untaxed by US authorities.
Why not look at the various loop holes which allows US based corporations not to be taxed on profits based on activities generated WITHIN the USA.
Remember that the USA exports goods and services, and if the US Gov't engages in activities which closes US markets to foreign based companies, then US exporters risk retaliation.
Screaming about outsourcing is like trying to empty the ocean with a tea cup. When a Mexican company outsources call center activity to Guyana is it a bad thing?
The objective is to ultimately discourage US corporation from sourcing their labor overseas. No intent to target foreign entities so other countries should not feel the need to retaliate. Addressing tax loopholes only redistribute wealth and does not resolve the prevailing problem. I cannot worry about Guyana over my interest to preserve the economy of my adopted homeland. Plus Prime Minister said so very long ago that the real power is in manufacturing. Guyana has ignored his advice for nearly 4 decades. Time for them to wake up and pay attention.
Addidas(German company) started the trend of manufacturing in China. They were the first. Suh, Germany is way ahead of the game. However, they also are not training people in the skilled trades. In time, they will feel the pitch as well.
Germany is the 3rd largest exporter, behind China, and the USA. Unlike the USA, their exports are mainly of industrial product. This is because German workers are highly skilled.
In fact integrating the low skill aspects in low wage countries, with the higher skilled aspects in Germany, allows them to be competitive. BTW China is a huge IMPORTER of high end German products.
Screaming at global corporations about outsourcing is a waste. They are transnational entities, so are no longer obligated to a single nation. Now the USA can guarantee that they relocate to Canada, if they wish.
Overseas cheap labor makes us the 99%. Check the companies on Wall Street..Morgan Stanley, JP Morgan etc. and see how many workers they have outside the US.
While those companies generate the wealth on wall street, they don't provide opportunities for most of the US working age population. Manufacturers do.
PRIVATE companies are only obligated to provide a return to their share holders. All activities that they engage in will be about attaining that goal.
Economies are dynamic and people will adjust, unless you suggest that we shouldn't have cars, because that meant that people who lost their jibs making carts are now unemployed.
Its the responsibility of the gov't to anticipate the labor force needs of the economy, and to ensure that workers are adequately trained to meet those needs. This is why USA and the UK complain about outsourcing, and Germany doesn't.
The United States is a free market. It does not depend on the government to train or employ its citizens. Government is responsible for matters of national security and current business module is heading into a national security area if it is not there as yet.
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