US loses $100 billion a year in offshore tax havens

[raceright]

Your assumption that if corporations don't pay taxes it will be bad for the country and tax payers is false. Someone pays the taxes; they just don't go away if you tax the corporation instead. The question is who should pay them. If corporations pay it it is essentially consumers who pay it. That is the opposite of your "tax the rich people" goal.

I can understand it sounds contrary, but supporting big corporate taxes is supporting a sales tax that hurts lower incomes relatively more. Plus it makes our corporations less competitive abroad.

It doesn't make sense to tax corporations more and tax CEOs less. Unless you want consumers and not CEOs to pay more of the taxes.

Stopping illegal employers from hiring illegal workers will raise their prices too. What should we do here?

What are you going to do with all the illegals just here for a chance at a better life bigot?

Yea its the employers fault yea lets get rid of the employers
OOPS I forgot thats what Obowma is trying to do,silly me

 

[GHook93]

The solution is quite simple.

Don't allow those XPAT corporations to do business in the USA.

You want to be a foreign corporation? Fine.

Take your business elsewhere.

AHHH Isolationism love it.
$20.00 dollar tomato's here we come

See, you must be a Republican/Conservative, because you can't see beyond these Rush Limbaugh talking points.

Let me put your mind at rest dummy. Ready? We will NEVER get rid of all the illegals in this country. We might make them legal, but that's another discussion.

So we might kick out the ones doing jobs Americans will do, but as for migrant seasonal fruit pickers, you can rest assure that we will continue to use people from south of the border to do that work.

So you will get your cheap tomoato's.

OR, grow your own tomato's. Supply and demand. Remember S&D?

PS. I'm going to continue to point out you right wingers and your talking points. They are the same on every issue. If we try to fix anything you guys broke, you say it will raise taxes, prices and cost people their jobs.

Every country protects certain industries that are vital to their economies. Only we haven't protected the ones that are important to us.

And while you STILL don't get that, the election is over and it seems like most Americans have woke up. Now it is your turn. Protectionism. Shut the fuck up with your right wing talking points. Getting soooo old.

I think the tax havens and loop holes are bad things and require immediate addressing, but do I find Obama's decision here as a bad thing? Yes! The shame here is it could have been a good thing. The Big O needs to lower the corporate, payroll, capital gains and income tax along with it. That is the only way to make this move a good move. If he did those things, the Big O would have finally done something positive for the economy.

Right now this move is the equivalent of a gigantic tax increase on already one the most over-burdened business taxed community in the entire world. This is bad news and a bad move without simultaneously lowering the taxes mentioned above.

 

[GHook93]

I think you should be kicked out of this country for being so anti American. You sound like a terrorist would sound bashing the US.

Yo brother! I own an Saturn VUE (GM). I also look towards buying American goods, but I am not going to be stuck just to buy America, because that is what liberals think are good for America. In fact, if the French, Canadians, Mexicans, Europeans, Africans, Chinese and Japanese didn't buy our goods, we would be in a much worse situation than if Americans only purchased American goods. Do you want a good example of a country that is currently practicing or enforcing protectionism? Venezuela! A small country in the top 5 oil producers is ripe for economy superiority. Yet a retard dictator takes over and has killed the economy even before the world economic downturn. Venezuela is a prefect example of how protectionism and socialism kill economies.

You know what my wife also bought an American Made Car - a HONDA. Its made right here in the states with parts made right here in the states, like GM! Why are you not shedding a tear for the American workers that could lose their job when dimwits like you say that you should buy American only.

See what you need to realize is that fighting globalization is useless. If the American government did what you propose, we would lose! Instead of fighting globalism we need learn how to be more competitive with it! Does that mean lowering standards, enviro protection or safeties, NO. But we could start with the biggest killer in America, the Corporate Tax. We could move to the payroll and capital gain tax! Find ways to cut costs to Corporation doing business in America and the Corporations will come! Make the payroll tax and the flow-through income tax less of a burden on small business and they will come. All big business had to start out as a small one!

Figure out a way to compete, just don't toss up your hands and come up with counter-productive measures, because a liberal you like to take the easy, although dead-end, road.

Ford Motor Co., the healthiest of Detroit's auto makers, scored a small victory, outselling Toyota Motor Co. for the first time in at least a year as the Japanese auto maker's sales fell even more preciptiously than those of its U.S. rival.

Glad to hear it, but it has nothing to do with Americans saying buy America. It has to do with Ford making better cars that people actually want! See that is the key to capitalism, make it good and they will come. Make it bad and WE the people should have the right to buy other places!

Must be something wrong with Toyota's cars if they can't beat such a piece of shit like a Ford.

No, just Ford is getting the leg up on them right now! Go to Europe and see how many Fords there are! There are a TON! That is a good think!

Go back to Texas you fucking anti American red necks!!!

If only the wife would let me move to TX, UT, CO or AZ I would be there in a heartbeat. You lefties hate TX and UT, but watch the states with the fast growing corporate sectors in the whole country! They grow and grow and when the economy turns around they will have the biggest and baddest corporate sectors in country!

 

[sealybobo]

I think you should be kicked out of this country for being so anti American. You sound like a terrorist would sound bashing the US.

Yo brother! I own an Saturn VUE (GM). I also look towards buying American goods, but I am not going to be stuck just to buy America, because that is what liberals think are good for America. In fact, if the French, Canadians, Mexicans, Europeans, Africans, Chinese and Japanese didn't buy our goods, we would be in a much worse situation than if Americans only purchased American goods. Do you want a good example of a country that is currently practicing or enforcing protectionism? Venezuela! A small country in the top 5 oil producers is ripe for economy superiority. Yet a retard dictator takes over and has killed the economy even before the world economic downturn. Venezuela is a prefect example of how protectionism and socialism kill economies.

You know what my wife also bought an American Made Car - a HONDA. Its made right here in the states with parts made right here in the states, like GM! Why are you not shedding a tear for the American workers that could lose their job when dimwits like you say that you should buy American only.

See what you need to realize is that fighting globalization is useless. If the American government did what you propose, we would lose! Instead of fighting globalism we need learn how to be more competitive with it! Does that mean lowering standards, enviro protection or safeties, NO. But we could start with the biggest killer in America, the Corporate Tax. We could move to the payroll and capital gain tax! Find ways to cut costs to Corporation doing business in America and the Corporations will come! Make the payroll tax and the flow-through income tax less of a burden on small business and they will come. All big business had to start out as a small one!

Figure out a way to compete, just don't toss up your hands and come up with counter-productive measures, because a liberal you like to take the easy, although dead-end, road.

Ford Motor Co., the healthiest of Detroit's auto makers, scored a small victory, outselling Toyota Motor Co. for the first time in at least a year as the Japanese auto maker's sales fell even more preciptiously than those of its U.S. rival.

Glad to hear it, but it has nothing to do with Americans saying buy America. It has to do with Ford making better cars that people actually want! See that is the key to capitalism, make it good and they will come. Make it bad and WE the people should have the right to buy other places!

Must be something wrong with Toyota's cars if they can't beat such a piece of shit like a Ford.

No, just Ford is getting the leg up on them right now! Go to Europe and see how many Fords there are! There are a TON! That is a good think!

Go back to Texas you fucking anti American red necks!!!

If only the wife would let me move to TX, UT, CO or AZ I would be there in a heartbeat. You lefties hate TX and UT, but watch the states with the fast growing corporate sectors in the whole country! They grow and grow and when the economy turns around they will have the biggest and baddest corporate sectors in country!

You do realize we have a huge trade deficit, right? We went from the largest creditor nation to the largest debtor nation.

Venesuela's economy is hurting right now because gas prices went down, and because we are going through a global recession. You just think their hurting because of protectionism. Doesn't make it so.

I don't give a shit about Toyota because their profits go to another country, and because they don't pay their employees a decent wage. Or, if they do now, just wait and see what they pay once the southern politicians kill off the American auto companies.

No, the American workers will lose with globalization. Every other country practices some protectionism on certain industries that are vital to their economies. Only the USA doesn't.

I don't know what you do, but I'm sure that somewhere in the world, there are people who will do your job better, and for less. Not scared? Thats because you don't think it will happen to you.

If you are talking about free trade with countries like Germany, or Europe as a whole, fine, but there once was a time that we didn't buy from third world countries.

All of the sudden we do trade with third world countries that don't have human rights. And we're supposed to compete with that?

It wasn't necessary. I don't have time to reply to everything you said, but I could.

Like your crush on Texas. Jobs that went to Texas are now going to Mexico. You think Texas people are as cheap or work as hard as Mexicans? Think again.

And don't come crawling to us when it is YOU that gets fucked from free market globalization, blabla.

Yes, maybe NAFTA and GLobalization is inevidable, but the GOP passed a lot of laws that hurt American workers. It didn't have to be that way. And now Obama will fix some of the bullshit that went on under the GOP's rule, and of course you guys will scream why we can't fix what you broke. It'll cost jobs, raise prices, etc.

The credit card companies are already saying such things about Obama forcing them to stop with their deceptive practices. They are fucking whiners. And you defend them? No wonder America now sucks. Its people like you who defend the wrong side. I don't think you are evil/greedy. The greedy people are the people who know they are fucking over American workers. I think you are one of the dumb American workers who doesn't realize you are fucking yourself. Hasn't happened yet? Yea, that's what a lot of people said before IT STARTED HAPPENING TO THEM!!!

Anyways, you are soo wrong on so many levels, I don't know where to begin.

But I can tell you are a good person who think he knows what he's talking about. Trust me, you don't. You have swallowed the GOP bullshit every step of the way. I can imagine how different your arguments were before the economy collapsed. Bet you never saw that coming.

Anways, Obama just found another $200 billion that we won't be pissing away anymore:

Obama: Tax Haven Curbs To Generate $210 Billion

Obama: Tax Haven Curbs To Generate $210 Billion : NPR

 

[sealybobo]

AHHH Isolationism love it.
$20.00 dollar tomato's here we come

See, you must be a Republican/Conservative, because you can't see beyond these Rush Limbaugh talking points.

Let me put your mind at rest dummy. Ready? We will NEVER get rid of all the illegals in this country. We might make them legal, but that's another discussion.

So we might kick out the ones doing jobs Americans will do, but as for migrant seasonal fruit pickers, you can rest assure that we will continue to use people from south of the border to do that work.

So you will get your cheap tomoato's.

OR, grow your own tomato's. Supply and demand. Remember S&D?

PS. I'm going to continue to point out you right wingers and your talking points. They are the same on every issue. If we try to fix anything you guys broke, you say it will raise taxes, prices and cost people their jobs.

Every country protects certain industries that are vital to their economies. Only we haven't protected the ones that are important to us.

And while you STILL don't get that, the election is over and it seems like most Americans have woke up. Now it is your turn. Protectionism. Shut the fuck up with your right wing talking points. Getting soooo old.

I think the tax havens and loop holes are bad and need addressing, but do I find this as a bad thing? Yes, but it could have been a good thing. The Big O needs to lower the corporate, payroll, capital gains and income tax along with it. That is the only way to make this move a good move. If he did those things, the Big O would have finally done something positive for the economy.

Right now this move is the equivalent of a gigantic tax increase on already one the most over-burdened business taxed community in the entire world. This is bad news and a bad move without simultaneously lowering the taxes mentioned above.

I'll give you this. You are a good house slave.

 

[Care4all]

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens

Shell companies and sham headquarters" in places like Switzerland and the Cayman Islands.

The citizens of New York and Texas shoulder over $8 billion a year, and the good people of California are on the hook for an extra $11 billion.

Large multi-billion dollar corporations who have used gimmicks to avoid paying their fair share

80 percent of the hundred biggest U.S. companies took advantage of tax havens.

Bailout beneficiaries Morgan Stanley, Citigroup, and Bank of America boast over 300 subsidiaries in the Cayman Islands.

It has an effect on every taxpayer who has to take on this extra burden.

Offshore Tax Havens: A State-By-State Breakdown Of The Cost To Taxpayers

Simple fix: Lower the Corporate tax rate in the US.

I think offshore tax havens are utilized by individuals to shield income as well as corporations, but I don't know the breakdown.

I agree with you on corporations.

In fact eliminate corporate taxes.

Tax the individuals who benefit from the corporation more instead.

that is easier said than done...here's why...stockholders of these corps pay NO TAXES on their investment, until they ''collect'' on their profit, their capital gain when they sell it....this could be 40 years down the road or never if they pass it on to their wife then kids, of tax avoidance of profit, and then they only pay 15% capital gains tax, for the most part....if and when they sell...

perhaps there is a way to force all profit to be passed on to the shareholders every year via stock dividends at the 15% tax rate , but this would be inherently unfair as well, giving those holding stock this lower tax rate instead of ordinairy income tax rates, without the corporate income tax rates adding to the capital gains or dividend tax.

one reason why the low 15% capital gain/dividend tax is acceptable to me verses paying the 36% tax bracket... the largest group of taxed stockholders are in, is because they do essentially pay the taxes, or a portion of the taxes the corporation has to pay as well....so if corp taxes were eliminated, then i think capital gains and or dividend taxes should be at the progressive rates according to your tax bracket....

the top 1% own 41% of all stock.... gates owns much of microsoft stock, hilton owns much of hilton hotel corp stock, buffet owns most of birkshire hathaway stock etc....

and nearly all the rest of the stock investors, with a few exceptions, are people that invested in the stock market through their 401k's which NEVER get the benefit of lower capital gains tax or lower dividend tax rates.... when they withdraw their 401k income, they will be taxed at ordinary individual income tax rates....so really, no great shakes when investing in a 401k pretax except the company match....

so, i guess i am saying that perhaps revision and reform is needed regarding corporate taxes but it should NOT be done without reform in capital gains and dividend taxes tied in to it as well imo.

 

[Iriemon]

Simple fix: Lower the Corporate tax rate in the US.

I think offshore tax havens are utilized by individuals to shield income as well as corporations, but I don't know the breakdown.

I agree with you on corporations.

In fact eliminate corporate taxes.

Tax the individuals who benefit from the corporation more instead.

that is easier said than done...here's why...stockholders of these corps pay NO TAXES on their investment, until they ''collect'' on their profit, their capital gain when they sell it....this could be 40 years down the road or never if they pass it on to their wife then kids, of tax avoidance of profit, and then they only pay 15% capital gains tax, for the most part....if and when they sell...

perhaps there is a way to force all profit to be passed on to the shareholders every year via stock dividends at the 15% tax rate , but this would be inherently unfair as well, giving those holding stock this lower tax rate instead of ordinairy income tax rates, without the corporate income tax rates adding to the capital gains or dividend tax.

one reason why the low 15% capital gain/dividend tax is acceptable to me verses paying the 36% tax bracket... the largest group of taxed stockholders are in, is because they do essentially pay the taxes, or a portion of the taxes the corporation has to pay as well....so if corp taxes were eliminated, then i think capital gains and or dividend taxes should be at the progressive rates according to your tax bracket....

the top 1% own 41% of all stock.... gates owns much of microsoft stock, hilton owns much of hilton hotel corp stock, buffet owns most of birkshire hathaway stock etc....

and nearly all the rest of the stock investors, with a few exceptions, are people that invested in the stock market through their 401k's which NEVER get the benefit of lower capital gains tax or lower dividend tax rates.... when they withdraw their 401k income, they will be taxed at ordinary individual income tax rates....so really, no great shakes when investing in a 401k pretax except the company match....

so, i guess i am saying that perhaps revision and reform is needed regarding corporate taxes but it should NOT be done without reform in capital gains and dividend taxes tied in to it as well imo.

I think you misunderstood me if you thought I meant to suggest to just eliminate the corporate tax. In its place should be higher taxes on individuals, and I agree with Reagan that investment taxes should be the same as income tax. There is no justification for giving a tax break to investors who tend to be wealthier.

Cap gains taxes are different, yes they can be defferred but they also do not represent actually distributions by the corporation but the market placing a value on its ownership.

 

[GHook93]

From this morning...

May 4 (Bloomberg) -- President Barack Obama proposed raising about $190 billion over the next decade by outlawing three offshore tax-avoidance techniques used by U.S. companies such as Caterpillar Inc. and Procter & Gamble Co.

Obama’s plan also would make it riskier for Americans to stash money in tax-havens.

Bloomberg

He needs to re-write the whole tax code rather than piece meal attack loopholes. The whole code is riddled with them.

I agree and starting with implementing the fair tax!

 

[GHook93]

I think offshore tax havens are utilized by individuals to shield income as well as corporations, but I don't know the breakdown.

I agree with you on corporations.

In fact eliminate corporate taxes.

Tax the individuals who benefit from the corporation more instead.

You are wrong. Back in the day, corporations paid more of the taxes so we could pay less. For some strange reason they have conned you guys into thinking that they should get the breaks and YOU should pay more. WRONG!!! They should pay more.

But oh god, they won't make as much in profits, and they'll raise the price of their products and they won't hire as many people.

You guys are too easily manipulated.

I was going to say they won't stop until they convince you that they shouldn't pay any taxes but I see you are already there.

Americans really need to wake up.

So the synapse hasn't connected yet? Tax the corporations more and A. they move overseas,, or B they pass it on to we the consumer!

or C. They make cut-backs or D. All of the Above

 

[driveby]

Earth to Bozo, the fucking hero's in "your party" are just as guilty, so make sure "your party" doesn't do the usual thing and go after everyone except for the violators in "your party". Another newsflash, it's not only the rich doing it. For the trifecta, how about Obama starts with not appointing tax cheats to his own cabinet. Now be a good little libby troll or "field slave" as you call yourself and start yet another thread on a subject you're just as clueless about, thanks ..........

 

[Sarah G]

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens

Shell companies and sham headquarters" in places like Switzerland and the Cayman Islands.

The citizens of New York and Texas shoulder over $8 billion a year, and the good people of California are on the hook for an extra $11 billion.

Large multi-billion dollar corporations who have used gimmicks to avoid paying their fair share

80 percent of the hundred biggest U.S. companies took advantage of tax havens.

Bailout beneficiaries Morgan Stanley, Citigroup, and Bank of America boast over 300 subsidiaries in the Cayman Islands.

It has an effect on every taxpayer who has to take on this extra burden.

Offshore Tax Havens: A State-By-State Breakdown Of The Cost To Taxpayers

Simple fix: Lower the Corporate tax rate in the US.

When they move offshore, their tax rate is zero. It's ridiculous.

 

[sealybobo]

Earth to Bozo, the fucking hero's in "your party" are just as guilty, so make sure "your party" doesn't do the usual thing and go after everyone except for the violators in "your party". Another newsflash, it's not only the rich doing it. For the trifecta, how about Obama starts with not appointing tax cheats to his own cabinet. Now be a good little libby troll or "field slave" as you call yourself and start yet another thread on a subject you're just as clueless about, thanks ..........

Look at the three replies before your bullshit post. They are all smart people. You, are a fool.

And listen asshole. If you would just join us in telling the government what WE want them to do, WE could actually get shit done.

But instead, you only protest when Corporate America and Fox tells you to. And most of us aren't stupid enough to join you, becasue we know you are being lied to.

Any causes that would truly benefit you and me, Rush tells you not to get involved. So nothing ever gets done because they have divided us peasants.

How did they get you, with god gays or guns?

You stupid fuck. No wonder the Dems eventually turn their backs on us and start selling out to Corporate America. They start off with good intentions but then realize with dumb as fuck voters like you, they better play along or their careers in politics will be OVER.

Remember how we all unified and called Bush to tell him not to sell that port to Dubai?

Well we need you guys to wake up and realize that the GOP is selling your country right out from under your stupid little nose.

 

[sealybobo]

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens

Shell companies and sham headquarters" in places like Switzerland and the Cayman Islands.

The citizens of New York and Texas shoulder over $8 billion a year, and the good people of California are on the hook for an extra $11 billion.

Large multi-billion dollar corporations who have used gimmicks to avoid paying their fair share

80 percent of the hundred biggest U.S. companies took advantage of tax havens.

Bailout beneficiaries Morgan Stanley, Citigroup, and Bank of America boast over 300 subsidiaries in the Cayman Islands.

It has an effect on every taxpayer who has to take on this extra burden.

Offshore Tax Havens: A State-By-State Breakdown Of The Cost To Taxpayers

Simple fix: Lower the Corporate tax rate in the US.

When they move offshore, their tax rate is zero. It's ridiculous.

Some people think that corporations should pay zero in taxes.

From the research I have done, I believe in the past the corporations paid the majority of taxes and we didn't pay any.

Like, before the income tax and Federal Reserve Acts were passed, it was considered unconstitutional to tax a person's wages/labor. I believe the Supreme Court in the 1800's decided that in the 1800's and they just haven't taken up the matter since. My guess is it is still unconstitutional, but then again, if you asked the current Supreme's with Alito and Roberts, they would probably say it was fine.

They passed it to help pay for WW2, yet they never got rid of it after the war was over? GO figure.

 

[driveby]

Earth to Bozo, the fucking hero's in "your party" are just as guilty, so make sure "your party" doesn't do the usual thing and go after everyone except for the violators in "your party". Another newsflash, it's not only the rich doing it. For the trifecta, how about Obama starts with not appointing tax cheats to his own cabinet. Now be a good little libby troll or "field slave" as you call yourself and start yet another thread on a subject you're just as clueless about, thanks ..........

Look at the three replies before your bullshit post. They are all smart people. You, are a fool.

And listen asshole. If you would just join us in telling the government what WE want them to do, WE could actually get shit done.

But instead, you only protest when Corporate America and Fox tells you to. And most of us aren't stupid enough to join you, becasue we know you are being lied to.

Any causes that would truly benefit you and me, Rush tells you not to get involved. So nothing ever gets done because they have divided us peasants.

How did they get you, with god gays or guns?

You stupid fuck. No wonder the Dems eventually turn their backs on us and start selling out to Corporate America. They start off with good intentions but then realize with dumb as fuck voters like you, they better play along or their careers in politics will be OVER.

Remember how we all unified and called Bush to tell him not to sell that port to Dubai?

Well we need you guys to wake up and realize that the GOP is selling your country right out from under your stupid little nose.

Blah ,blah, blah "your party" keeps demonizing the private sector so "your party" doesn't have to fix what's wrong with the GOVERNMENT. There's a novel fucking concept, eh ? Fix up your own house before you go fucking with anyone else's.....

You stupid assclown, the Dem's didn't "turn their back" on you, they never gave a fuck about you and never will........

 

[GHook93]

You do realize we have a huge trade deficit, right? We went from the largest creditor nation to the largest debtor nation.

Wrong, I see the trade deficit and the loses of manufacturing jobs as a HUGE problem! I am not blind I see the state of the economy and a saw the state of the economy before the Obamessiah showed up. I am not one to sit here and say Reagan was a god, because I believe the opposite.

Globalization has taken off for many reasons you neglect. First, because communication via the WWW is quick, efficient and inexpensive. Second, designers in the States can sent specs to China, India or Mexico in an e-mail arriving in seconds. Third, shipping costs are less. Marketing over the internet allows companies to do business in places they never could before.

The Cheese has moved and there is no reason fighting it. Protectionism is a knee-jerk reaction in which we have previously seen fail. Right after the Great Crash, the knee-jerk reaction was to resort to good old protectionism. What we got was Smoot-Hawley! What it did was make the Great Depression 100 fold worse!

"Those who cannot learn from history are doomed to repeat it!"
- George Santayana

Venesuela's economy is hurting right now because gas prices went down, and because we are going through a global recession. You just think their hurting because of protectionism. Doesn't make it so.

I know he is the left's hero, but Venezuela's economy was one of the worst in Latin America even when the price of oil was high. Protectionism and communism have deepened the hurt on that country. But you can go on worshipping your idol though!

I don't give a shit about Toyota because their profits go to another country, and because they don't pay their employees a decent wage. Or, if they do now, just wait and see what they pay once the southern politicians kill off the American auto companies.

So none of the profits paid to it American workers or executives mean anything. When the wife and I went to buy the car, t here were only Americans selling them! You need a little education buddy!

No, the American workers will lose with globalization. Every other country practices some protectionism on certain industries that are vital to their economies. Only the USA doesn't.

They will lose if the battle isn't fought correctly. Ron Paul had some great suggestions of reshaping the so-called "free trade agreements" and possibly leaving the WTO. That is not rejecting globalization, but using it to our advantage.

I think the best way to fight the battle is implement the Fair Tax! The 3rd world's low wages advantage wouldn't stand a chance!

All of the sudden we do trade with third world countries that don't have human rights. And we're supposed to compete with that?

2 words - Fair Tax!

Like your crush on Texas. Jobs that went to Texas are now going to Mexico. You think Texas people are as cheap or work as hard as Mexicans? Think again.

TX and UT are picking up corporations like no other time in history. You are DEAD WRONG here!

Yes, maybe NAFTA and GLobalization is inevidable, but the GOP passed a lot of laws that hurt American workers. It didn't have to be that way. And now Obama will fix some of the bullshit that went on under the GOP's rule, and of course you guys will scream why we can't fix what you broke. It'll cost jobs, raise prices, etc.

NAFTA was created under Clinton

The credit card companies are already saying such things about Obama forcing them to stop with their deceptive practices. They are fucking whiners. And you defend them?

When did I defend them! Different discussion. I actually applaud Obama's plan with CC companies and I think their long over-due!

But I can tell you are a good person who think he knows what he's talking about. Trust me, you don't. You have swallowed the GOP bullshit every step of the way. I can imagine how different your arguments were before the economy collapsed. Bet you never saw that coming.

Ditto on the reverse side for Democrats for you!

Anways, Obama just found another $200 billion that we won't be pissing away anymore:

Obama: Tax Haven Curbs To Generate $210 Billion

Obama: Tax Haven Curbs To Generate $210 Billion : NPR

It will bite us in the ass! mark my words!

 

[sealybobo]

You do realize we have a huge trade deficit, right? We went from the largest creditor nation to the largest debtor nation.

Wrong, I see the trade deficit and the loses of manufacturing jobs as a HUGE problem! I am not blind I see the state of the economy and a saw the state of the economy before the Obamessiah showed up. I am not one to sit here and say Reagan was a god, because I believe the opposite.

Globalization has taken off for many reasons you neglect. First, because communication via the WWW is quick, efficient and inexpensive. Second, designers in the States can sent specs to China, India or Mexico in an e-mail arriving in seconds. Third, shipping costs are less. Marketing over the internet allows companies to do business in places they never could before.

The Cheese has moved and there is no reason fighting it. Protectionism is a knee-jerk reaction in which we have previously seen fail. Right after the Great Crash, the knee-jerk reaction was to resort to good old protectionism. What we got was Smoot-Hawley! What it did was make the Great Depression 100 fold worse!

"Those who cannot learn from history are doomed to repeat it!"
- George Santayana

Venesuela's economy is hurting right now because gas prices went down, and because we are going through a global recession. You just think their hurting because of protectionism. Doesn't make it so.

I know he is the left's hero, but Venezuela's economy was one of the worst in Latin America even when the price of oil was high. Protectionism and communism have deepened the hurt on that country. But you can go on worshipping your idol though!


So none of the profits paid to it American workers or executives mean anything. When the wife and I went to buy the car, t here were only Americans selling them! You need a little education buddy!


They will lose if the battle isn't fought correctly. Ron Paul had some great suggestions of reshaping the so-called "free trade agreements" and possibly leaving the WTO. That is not rejecting globalization, but using it to our advantage.

I think the best way to fight the battle is implement the Fair Tax! The 3rd world's low wages advantage wouldn't stand a chance!


2 words - Fair Tax!


TX and UT are picking up corporations like no other time in history. You are DEAD WRONG here!


NAFTA was created under Clinton


When did I defend them! Different discussion. I actually applaud Obama's plan with CC companies and I think their long over-due!

But I can tell you are a good person who think he knows what he's talking about. Trust me, you don't. You have swallowed the GOP bullshit every step of the way. I can imagine how different your arguments were before the economy collapsed. Bet you never saw that coming.

Ditto on the reverse side for Democrats for you!

Anways, Obama just found another $200 billion that we won't be pissing away anymore:

Obama: Tax Haven Curbs To Generate $210 Billion

Obama: Tax Haven Curbs To Generate $210 Billion : NPR

It will bite us in the ass! mark my words!

When conservatives rail in the media of the dangers of "returning to Smoot Hawley, which created the Great Depression," all they do is reveal their ignorance of economics and history. The Smoot-Hawley tariff legislation, which increased taxes on some imported goods by a third to two-thirds to protect American industries, was signed into law on June 17, 1930, well into the Great Depression. In the following two years, international trade dropped from 6 percent of GNP to roughly 2 percent of GNP (between 1930 and 1932), but most of that was the result of the depression going worldwide, not Smoot-Hawley. The main result of Smoot-Hawley was that American businesses now had strong financial incentives to do business with other American companies, rather than bring in products made with cheaper foreign labor: Americans started trading with other Americans.

Smoot-Hawley "protectionist" legislation did not cause the Great Depression, and while it may have had a slight short-term negative effect on the economy ("1.4 percent at most" according to many historians) its long-term effect was to bring American jobs back to America.

 

[sealybobo]

You do realize we have a huge trade deficit, right? We went from the largest creditor nation to the largest debtor nation.

Wrong, I see the trade deficit and the loses of manufacturing jobs as a HUGE problem! I am not blind I see the state of the economy and a saw the state of the economy before the Obamessiah showed up. I am not one to sit here and say Reagan was a god, because I believe the opposite.

Globalization has taken off for many reasons you neglect. First, because communication via the WWW is quick, efficient and inexpensive. Second, designers in the States can sent specs to China, India or Mexico in an e-mail arriving in seconds. Third, shipping costs are less. Marketing over the internet allows companies to do business in places they never could before.

The Cheese has moved and there is no reason fighting it. Protectionism is a knee-jerk reaction in which we have previously seen fail. Right after the Great Crash, the knee-jerk reaction was to resort to good old protectionism. What we got was Smoot-Hawley! What it did was make the Great Depression 100 fold worse!

"Those who cannot learn from history are doomed to repeat it!"
- George Santayana

Venesuela's economy is hurting right now because gas prices went down, and because we are going through a global recession. You just think their hurting because of protectionism. Doesn't make it so.

I know he is the left's hero, but Venezuela's economy was one of the worst in Latin America even when the price of oil was high. Protectionism and communism have deepened the hurt on that country. But you can go on worshipping your idol though!


So none of the profits paid to it American workers or executives mean anything. When the wife and I went to buy the car, t here were only Americans selling them! You need a little education buddy!


They will lose if the battle isn't fought correctly. Ron Paul had some great suggestions of reshaping the so-called "free trade agreements" and possibly leaving the WTO. That is not rejecting globalization, but using it to our advantage.

I think the best way to fight the battle is implement the Fair Tax! The 3rd world's low wages advantage wouldn't stand a chance!


2 words - Fair Tax!


TX and UT are picking up corporations like no other time in history. You are DEAD WRONG here!


NAFTA was created under Clinton


When did I defend them! Different discussion. I actually applaud Obama's plan with CC companies and I think their long over-due!

But I can tell you are a good person who think he knows what he's talking about. Trust me, you don't. You have swallowed the GOP bullshit every step of the way. I can imagine how different your arguments were before the economy collapsed. Bet you never saw that coming.

Ditto on the reverse side for Democrats for you!

Anways, Obama just found another $200 billion that we won't be pissing away anymore:

Obama: Tax Haven Curbs To Generate $210 Billion

Obama: Tax Haven Curbs To Generate $210 Billion : NPR

It will bite us in the ass! mark my words!

When Americans No Longer Own America

 

[sealybobo]

You do realize we have a huge trade deficit, right? We went from the largest creditor nation to the largest debtor nation.

Wrong, I see the trade deficit and the loses of manufacturing jobs as a HUGE problem! I am not blind I see the state of the economy and a saw the state of the economy before the Obamessiah showed up. I am not one to sit here and say Reagan was a god, because I believe the opposite.

Globalization has taken off for many reasons you neglect. First, because communication via the WWW is quick, efficient and inexpensive. Second, designers in the States can sent specs to China, India or Mexico in an e-mail arriving in seconds. Third, shipping costs are less. Marketing over the internet allows companies to do business in places they never could before.

The Cheese has moved and there is no reason fighting it. Protectionism is a knee-jerk reaction in which we have previously seen fail. Right after the Great Crash, the knee-jerk reaction was to resort to good old protectionism. What we got was Smoot-Hawley! What it did was make the Great Depression 100 fold worse!

"Those who cannot learn from history are doomed to repeat it!"
- George Santayana

Venesuela's economy is hurting right now because gas prices went down, and because we are going through a global recession. You just think their hurting because of protectionism. Doesn't make it so.

I know he is the left's hero, but Venezuela's economy was one of the worst in Latin America even when the price of oil was high. Protectionism and communism have deepened the hurt on that country. But you can go on worshipping your idol though!


So none of the profits paid to it American workers or executives mean anything. When the wife and I went to buy the car, t here were only Americans selling them! You need a little education buddy!


They will lose if the battle isn't fought correctly. Ron Paul had some great suggestions of reshaping the so-called "free trade agreements" and possibly leaving the WTO. That is not rejecting globalization, but using it to our advantage.

I think the best way to fight the battle is implement the Fair Tax! The 3rd world's low wages advantage wouldn't stand a chance!

TX and UT are picking up corporations like no other time in history. You are DEAD WRONG here!

It will bite us in the ass! mark my words![/QUOTE]

I did a google search and I see Texas losing a lot of jobs to India and Mexico.

It only makes sense. First the companies moved down south to escape the unions, but then they found that you guys are too expensive too.

Microsoft jobs in texas moved to india, verizon wireless, my company too in Fort Worth sent jobs to India.

No one worries too much until it is their job. And years ago the people who are losing jobs today, didn't think their jobs were in jeopordy, just like you and I aren't too worried today. Just wait.

 

[raceright]

Wrong, I see the trade deficit and the loses of manufacturing jobs as a HUGE problem! I am not blind I see the state of the economy and a saw the state of the economy before the Obamessiah showed up. I am not one to sit here and say Reagan was a god, because I believe the opposite.

Globalization has taken off for many reasons you neglect. First, because communication via the WWW is quick, efficient and inexpensive. Second, designers in the States can sent specs to China, India or Mexico in an e-mail arriving in seconds. Third, shipping costs are less. Marketing over the internet allows companies to do business in places they never could before.

The Cheese has moved and there is no reason fighting it. Protectionism is a knee-jerk reaction in which we have previously seen fail. Right after the Great Crash, the knee-jerk reaction was to resort to good old protectionism. What we got was Smoot-Hawley! What it did was make the Great Depression 100 fold worse!

"Those who cannot learn from history are doomed to repeat it!"
- George Santayana

Venesuela's economy is hurting right now because gas prices went down, and because we are going through a global recession. You just think their hurting because of protectionism. Doesn't make it so.

I know he is the left's hero, but Venezuela's economy was one of the worst in Latin America even when the price of oil was high. Protectionism and communism have deepened the hurt on that country. But you can go on worshipping your idol though!


So none of the profits paid to it American workers or executives mean anything. When the wife and I went to buy the car, t here were only Americans selling them! You need a little education buddy!


They will lose if the battle isn't fought correctly. Ron Paul had some great suggestions of reshaping the so-called "free trade agreements" and possibly leaving the WTO. That is not rejecting globalization, but using it to our advantage.

I think the best way to fight the battle is implement the Fair Tax! The 3rd world's low wages advantage wouldn't stand a chance!

TX and UT are picking up corporations like no other time in history. You are DEAD WRONG here!

It will bite us in the ass! mark my words![/QUOTE]

I did a google search and I see Texas losing a lot of jobs to India and Mexico.

It only makes sense. First the companies moved down south to escape the unions, but then they found that you guys are too expensive too.

Microsoft jobs in texas moved to india, verizon wireless, my company too in Fort Worth sent jobs to India.

No one worries too much until it is their job. And years ago the people who are losing jobs today, didn't think their jobs were in jeopordy, just like you and I aren't too worried today. Just wait.[/QUOTE]












Simple, a person wants to make something to sell,first insurance
workers comp,liability,theft(big one and needed in the USA)auto,health,unemployment,medicare all paid for for your workers.
Next pay employees taxes state and federal match there social security,maybe pay there Union benifits for them.Extra-pay there child suport for them. Then pay taxes on all supplies,gas phones
auto's equiptment. Pay Pay Pay now let me see what was it we were trying to sell...HMM have it made in china and avoid all this stuff sounds like a winner. You want to know why businesses leave the US consider this and you tell me if you would not do the same.

 

[sealybobo]

Wrong, I see the trade deficit and the loses of manufacturing jobs as a HUGE problem! I am not blind I see the state of the economy and a saw the state of the economy before the Obamessiah showed up. I am not one to sit here and say Reagan was a god, because I believe the opposite.

Globalization has taken off for many reasons you neglect. First, because communication via the WWW is quick, efficient and inexpensive. Second, designers in the States can sent specs to China, India or Mexico in an e-mail arriving in seconds. Third, shipping costs are less. Marketing over the internet allows companies to do business in places they never could before.

The Cheese has moved and there is no reason fighting it. Protectionism is a knee-jerk reaction in which we have previously seen fail. Right after the Great Crash, the knee-jerk reaction was to resort to good old protectionism. What we got was Smoot-Hawley! What it did was make the Great Depression 100 fold worse!

"Those who cannot learn from history are doomed to repeat it!"
- George Santayana

Venesuela's economy is hurting right now because gas prices went down, and because we are going through a global recession. You just think their hurting because of protectionism. Doesn't make it so.

I know he is the left's hero, but Venezuela's economy was one of the worst in Latin America even when the price of oil was high. Protectionism and communism have deepened the hurt on that country. But you can go on worshipping your idol though!


So none of the profits paid to it American workers or executives mean anything. When the wife and I went to buy the car, t here were only Americans selling them! You need a little education buddy!


They will lose if the battle isn't fought correctly. Ron Paul had some great suggestions of reshaping the so-called "free trade agreements" and possibly leaving the WTO. That is not rejecting globalization, but using it to our advantage.

I think the best way to fight the battle is implement the Fair Tax! The 3rd world's low wages advantage wouldn't stand a chance!

TX and UT are picking up corporations like no other time in history. You are DEAD WRONG here!

It will bite us in the ass! mark my words!

I did a google search and I see Texas losing a lot of jobs to India and Mexico.

It only makes sense. First the companies moved down south to escape the unions, but then they found that you guys are too expensive too.

Microsoft jobs in texas moved to india, verizon wireless, my company too in Fort Worth sent jobs to India.

No one worries too much until it is their job. And years ago the people who are losing jobs today, didn't think their jobs were in jeopordy, just like you and I aren't too worried today. Just wait.[/QUOTE]

Simple, a person wants to make something to sell,first insurance
workers comp,liability,theft(big one and needed in the USA)auto,health,unemployment,medicare all paid for for your workers.
Next pay employees taxes state and federal match there social security,maybe pay there Union benifits for them.Extra-pay there child suport for them. Then pay taxes on all supplies,gas phones
auto's equiptment. Pay Pay Pay now let me see what was it we were trying to sell...HMM have it made in china and avoid all this stuff sounds like a winner. You want to know why businesses leave the US consider this and you tell me if you would not do the same.[/QUOTE]

Very simple solution to this. OBAMA WILL END THOSE OFFSHORE TAX HAVENS.

What you forget is that US Companies were profitable in the 90's. In a good economy, all these companies had no problem paying these taxes.

Or, they may have complained, but they still made profits. They'll always complain until they pay zero.

Maybe you are too young to remember it, but we did just fine before Bushanomics. Some companies were going overseas, but not so many that it was hurting our economy. So corporations are hurting because no one is buying anything. Do you think Toyota employees are buying anything making $15 hr? Barely.

And why didn't the GOP from 2000-2006 make things right? Instead they set up off shore tax shelters and helped corporations dodge paying taxes.

You right wingers will defend anything the GOP does, no matter how bad it is for America.

The most refreshing thing you guys say is, "there is nothing you can do about globalization". At least thats honest.

But I do think we can do something about it. You just don't want to, because it might raise the price of goods. Big deal. They'll raise their prices anyways. They'll raise them as much as they think they can get away with raising them. If you tax them, that might raise the price, but only if they think they can still sell their product at that price. If they can't, then they'll find other ways to cut spending. And since they only hire as many employees as they need, I don't worry about that too much either. Maybe their executives just won't get as big a bonus if we end these offshore tax shelters.