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If we cut regulations here...we would reduce 17,634,231 jobs in China, that could then be done here at a comparable cost.
How would it be comparable cost? Even if we cut all regulations, do you think our wages would be competitive with $1.36/hour chinese factory workers make?
The problem is people using same old arguments even though they are simply that. Old arguments. The two parties have dug in on old positions even though the current problems require new solutions.
First, I think taxes should be as absolutely low as possible. It's a crime to demand more and more with the billions and billions the government wastes.
More government waste is not the answer. It never is. Now there are times that corporate tax cuts are the answer but right now while cutting taxes in the big picture is always a noble goal it's not going to lead to job creation. Businesses (and this is a generalization) are loaded with money because of the QE programs. The government has gave them billions of taxpayers dollars so they have the money to spend if the need would be there.
The need is not there. Unfortunately there is no faith in the economy right now. There are a few threads here noting why.
How would it be comparable cost? Even if we cut all regulations, do you think our wages would be competitive with $1.36/hour chinese factory workers make?
Why did you post a graph that compares USA/China/Germany on all factors, but then leaves China off in the 'Productivity' category?
Talk about twisting facts. You are as bad as Fox news.
Let's try this for 5 years.
- No company with less than 1000 employees has to pay for unemployment insurance or workman comp. insurance. The employee can buy it if they want it.
- No company despite the size or number of employees will have to pay more than 50 percent of the cost of unemployment or workman's comp. insurance. If the employee does not pick up the 50 percent, coverage is dropped.
- FICA Insurance - The employer has the option to pay or not pay. If he does not pay it, the money is put into the wages of the employee.
Stand back and see if this encourages growth, hiring etc...
Corporate rates should be cut. The Admin proposed a cut from 35% to 25%, but it was fiercly opposed by GOP, because the proposal included the removal of loopholes. I think it would create a lot jobs in US.
Last edited by Finn_Jarber; 08-08-2012 at 06:06 AM..
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