Someone needs to come up with a way to bring back some of our jobs from overseas. We have all heard that the U.S. worker needs to become more competitive (i.e. work for less pay) What about the idea that the U.S. Government become more competitive in the world market place? How should taxes be structured to attract manufactures to this country? By having the highest corporate taxes in the world, are we not forcing manufacturing off-shore? If corporate taxes were reduced, wouldn't that mean more and better paying jobs, resulting in a net gain for the treasury? Maybe some thoughts from this discussion will get to the candidates and we can find out who really wants what is best for us.

We could just bomb them and take the jobs back by force.

But I doubt with the current political trends we will see anything but higher and higher taxes

We'd probably have to buy the bombs from overseas... thus helping their economies all the more.

Hello Gal:

Your theological stuff is off the charts, but your political observations are right on.

Corporations don't pay taxes anyway. They just pass them on to us, the consumer. We don't have anybody to pass them on to.

excon

Due to the hyperinflated dollar, many multinational corporations are moving back to the U.S. or just resuming operations here. It is cheaper for them when the other major currencies around the world are stronger than the dollar. The dollar is actually worth 5 cents and if your wage is, say, $10.00 per hour, they are actually paying you 50 cents an hour. Coupled with the fact that food and fuel are sky high, we will be soon walking to work for that fitty cents and hungry to boot.
From the actions that the federal reserve is taking, it looks as if this will be the case for some time to come. This is why the middle class is disappearing, the poor are getting poorer and the rich are getting richer.
So, don't despair! Jobs are coming back!

Henery Paulson has been making the case that the US Corporate Tax rate is too high since he became Tresury Sec. In all the industrial world only Japan has a slightly higher rate . Of course businesses will go where they get the best deal. excon is right in saying that corporations only pass along the cost of the taxes to the consumers anyway. But the net effect is that their products are then not as competitive because of the price difference.

All you need to do is look at what emerging economic giants are doing to find a model of success Will Finance Minister opt for tax rate rejig?- Finance-Economy-News-The Economic Times . We have forgotten how pro-business we were when we were an emerging economy.

If America gets a cold, Ireland sneezes!!
A saying I hear.

We aren't selling whale oil or manufacturing buggy whips, so what jobs do you want to bring back? The point made above about corporate taxation is exactly right. We all know that massive manufacturing requires assembly lines and high tech. I don't believe we will be going back for the old manufacturing jobs. We must be looking forward to new technologies and products. And lower taxes and costs.

How about we make widgets! (Thats what was always produced in the examples used in my economics courses)

profit=sales price - costs

costs = taxes+labor+materials+overhead

That would seem to indicate that by driving down our labor costs, and producing a technology product using few materials, our taxes can eat up the lions share?

Of course that also comes with the issues of a benefactor type of government that will need to provide all needs for the people. That seems a bit like socialism doesn't it? The only other potential would seem to be a policy of exploitation of the work force in general. Very similar to previous eras in our history.

Hello, again:

The jobs disappeared because the work could be done cheaper someplace else. The fact is, we were overpaid for the last century and the global marketplace for labor is catching up.

Over all there will be an evening out in the labor market. Wages will probably settle somewhere around the average world wide wage. I don't know. What's the average between $.50/hr and $25.00/hr (what used to be a middle class wage)?

That's what our wages are going to be no matter what jobs we do. The days of $25/hour manufacturing jobs are long past.

excon

I agree but unfortunately the politics of our country Dem or Rep
Seems to be if the government is short money raise taxes.
They don't get that that has an opposite effect in the long run.

My city raised taxes and started the indulgence taxes on bars and sports
So that the Port Authority could build a bus tunnel under the water---total waste of billions of dollars. As a result more bars will be closing down. Many already have because the police wait outside and nab people for DWI's (Drunk Walking under Influence) as soon as they step out the door and now you aren't going to be allowed to smoke in the bars.

Between the laws and the taxes I think we are headed for 3rd world status within the next
7 years.

Take a peek:

"Presidential candidates have a special responsibility to help Americans bridge the gap between emotion and reason in policy debates--in both the political and economic spheres. In discussions on trade, they need to connect voters' sympathy for struggling workers to policies that promise continued growth and real economic benefits. In today's fast-changing world, Americans should not succumb to the temptations of protectionism and its illusory benefits. Leaders must follow the precedent of President Ronald Reagan, who took to heart the slogan of the General Electric Company, for which he was once a spokesman: "Progress is our most important product."

See the entire piece: Productivity Growth, Not Trade, Is Cutting Manufacturing Jobs

There is an interesting paragraph about how productivity impacts the manufacturing jobs in China as well as other manufacturing countries. Where have you ever heard that? I haven't.

I would love to know the ratio of outsourced jobs/American lay-offs-(business no longer exists here)/New created American Jobs/Jobs Americans don't have cause Americans won't do (supposedly)

Quote:

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Originally Posted by N0help4u

I agree but unfortunately the politics of our country Dem or Rep
seems to be if the government is short money raise taxes.
They don't get that that has an opposite effect in the long run.

My city raised taxes and started the indulgence taxes on bars and sports
so that the Port Authority could build a bus tunnel under the water---total waste of billions of dollars. As a result more bars will be closing down. Many already have because the police wait outside and nab people for DWI's (Drunk Walking under Influence) as soon as they step out the door and now you aren't going to be allowed to smoke in the bars.

Between the laws and the taxes I think we are headed for 3rd world status within the next
7 years.

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Agreed. Welcome to Amerika. The biggest company town in the world.
"Saint Peter don't you call me cause I can't go, I owe my soul to the company store."

You folks are obviously better informed than most of the working stiffs. I am a retired tool & die maker, so have had close association with hourly workers for years. My point in starting this is to stir up a little additional awareness about the problem and possible solutions. One thing for sure, we don't want to elect ANYONE who tells us up front that they intend to raise taxes. Oh, sure, it is only on the rich! We all find to our sorrow that we are a lot richer than we thought. The Dems pretend that they are for working class, but have done nothing for that class in more years than I care to remember. Then, there are pseudo Republicans, and old guard Repubs who do not have my best interest at heart either. Let's keep a close watch on those wanting our votes and try to sort out the "pretenders" to the "mantle" of Reagan.

Our system requires the Democrats to take the helm for a while. The Republicans have free marketed us to death and drove the inflation tax almost to the point of a financial collapse. Now, the Dems must work the other side of our whip saw economy and let the dollar deflate, cause layoffs, and raise real taxes in the process to keep the private bankers massive income incomming. After a while, the dollar will revaulate (lower inflation)and be ready for another run at hyperinflation. The Republicans can then step up and free market the economy into another huge bubble and raise the inflation tax once again. It is just a cyclic system that makes the federal reserve work. When the fed works in this way, trillions of dollars are being siphoned out of personal savings and real wages. This system has led us to where we are today. They have done the same thing to foreign contries that hold the dollar as their reserve currency. These countries are tired of it now and looking for a better deal. As they find better deals in stronger curriencies, they will drop the dollar as their reserve currency, stopping the U.S. from receiving cheap goods and services. As this happens, our taxes are going to rise faster than ever.
The Republicans and the Democrats are just oppposite ends of a political system that should work together but has been split in two to allow the private bankers to work their huge ponzi scheme on our economy. We need aspects from both sides to create a balance but balance is not what the federal reserve and it's private owners want. That would not be profitable.

Yeah and Hillary will raise taxes sky high if she actually really intends to keep ALL THOSE promises she made... so how can Dem's make a difference if she is next Pres??

Not too up on politics, but Hillary is the same as the Maggie Thatcher & T. Blair. The cost of her campaign will be paid for by the taxpayer in the long run.

Quote:

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Originally Posted by N0help4u

Yeah and Hillary will raise taxes sky high if she actually really intends to keep ALL THOSE promises she made......so how can Dem's make a difference if she is next Pres????

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Just my point. Same game, bidness as usual.


I am amazed at how the federal reserve system has entwined its sinewy fingers into every aspect of the average Americans life. From our personal savings accounts to the two party political system. The fed allows hyperinflation to lower our real wages by devaluing the dollar while siphoning our savings out of our accounts without turning a key in a lock. We are becoming poorer and poorer by plain and simple theft.
I watch the corporate media news channels that will not allow my candidate to participate while their business as usual puppets talk about change. If my candidate is allowed to participate, he is treated unfairly and sneered at for simply telling the truth. The problem is, their chosen few haven't addressed the real problem of a fiat monetary system and outrageous spending habits which has accumulated debt that can never be paid except by ransom of our very country. The puppets will not look you in the eye when you ask them about that, the greatest political issue of our time and any other time for that matter.
We say we are either Democrats or Republicans and that this one or that one has the right answers that will save us all. The fact of the matter is, without an equal and balanced application of left and right, we are left right out of balance as usual. This two party system is the perfect vehicle for the federal reserve system to administer their magic siphon hose. Their giant ponzi scheme.
As the Republicans have pumped up the economy and released the barracuda bankers of Wall Street to their own devices, they have printed more than enough worthless dollars creating a feeding frenzy on Wall Street the likes of which we have never seen before. As usual, the average American is left holding the bag, an empty bag. The bubble is so huge it is becoming lopsided under it's own weight. If it can only hold on long enough by propping it up with more worthless paper being stuffed in at all the right places, we will have a new Democrat president to resolve the problem.
The Democrats have become known for raising taxes. Why is that? Could it be that after the Right side of the machine has blown up the bubble, it is up to the Left side of the machine to deflate it again. By deflating it, they allow the dollar to slowly come back to a real value. Not the 4 or 5 cents is is worth today. As the value of the dollar gets stronger and stronger, the American worker starts earning a real wage that is closer to the agreed amount. When this happens, he becomes to expensive and is laid off. When the dollar finally reaches a stable worth due to the lack of inflation, the Democrats start raising real taxes and we are called on once again to tighten our belts and pay the masters, the private bankers. They cannot siphon away trillions of dollars through the inflation tax at this point nor by cutting interest rates while blaming it on this “unforeseeable” inflation. New, higher taxes will serve their purpose just as well.
I have come to see the federal reserve, our two party system, corporate and government entities, the war machine and our stock market as all a part of the whipsaw system as a whole, working in unison to perpetuate this giant ponzi scheme we call our government.
We are inundated by buzz words daily designed to scare us into believing we need to be scared. The only thing I truly believe is that the only thing we have to fear is fear itself. The only thing that causes me any real fear is that this criminal organization that has hijacked our government and our very country will be allowed to remain.
Please do not agree or disagree with me as I am tired of endless debates based on information obtained from the Fox News channel. I am just a paranoid kook that is ranting again. Thank you very much.

Actually, Magprob, Ron Paul is very good on economics. Too bad more of the candidates don't incorporate his thinking on the subject. But as far as taxing is concerned, supply side economics actually works. As to the Fed Reserve, that was Woodrow Wilson's monster, and is probably impossible to kill. Any president who tries will likely be assassinated. For our younger readers, pres. Wilson was a Democrat.