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When you sell your country out to make a few more dollars, that is definitely evil and the worship of money.
The big-picture bottom line here is this....
The pro-globalists DO have skin in the game. They're playing to lose in the long run, right along with the rest of us, but they're just too near-sighted and narcissistic to understand that. They simply don't get it.
I may have missed something, but I was talking about increased taxes on Capital Gain Profits as the result of investing in foreign markets or companies you own abroad utilizing foreign labor.
My point all along was that those that are for Pro Globalism need to have skin in the game and need to feel the repercussions that they visit onto this nation and its people.
You and I are relatively close in what we are talking about. The Texan that is Happy misread slightly what I wrote.
It is easy. Just sell at less than you bought it for and no gain. No gain for the CEO too. Or take the profits and roll it over into paying those foreign workers US minimum wage or higher.
The company is not involved whatsoever in individual stock sales.
Do you even know how cap gains works ?
For a company to have capital gains/losses the COMPANY needs to sell assets.
The pro-globalists DO have skin in the game. They're playing to lose in the long run, right along with the rest of us, but they're just too near-sighted and narcissistic to understand that. They simply don't get it.
They have been schooled in Austrian economics and so don't get macro economics. One person can profit by outsourcing they all loose by outsourcing.
You and I are relatively close in what we are talking about. The Texan that is Happy misread slightly what I wrote.
You want to tax individuals on their sale of assets to get back at corporations that outsource.
You realize that for a corporation to have cap gains/losses the corporation has to sell their assets.
But they contract out so there are no assets to sell.
Maybe you're talking about profits here and not capital gains ?
The company is not involved whatsoever in individual stock sales.
Do you even know how cap gains works ?
For a company to have capital gains/losses the COMPANY needs to sell assets.
Let me see. I buy stock in say Wal-Mart at $200 per share. I sell it at $300 per share. I owe tax on that $100 difference as capital gains. Now Wal-Mart is bad at paying low wages. So the tax on selling that stock would be $110. So I'd say to my broker sell at less than I paid for it. Sell it at $199 so I take a $1 loss per share instead of a $10 loss per share in net tax penalty.
Let me see. I buy stock in say Wal-Mart at $200 per share. I sell it at $300 per share. I owe tax on that $100 difference as capital gains. Now Wal-Mart is bad at paying low wages. So the tax on selling that stock would be $110. So I'd say to my broker sell at less than I paid for it. Sell it at $199 so I take a $1 loss per share instead of a $10 loss per share in net tax penalty.
Takes all the fun out of outsourcing doesn't it.
Well you have no clue of economics, the stock market, capital gains and outsourcing/offshoring.
You will not be getting back at Walmart by taxing Joe Individual to death.
So the poor mutual fund owner is SOL then because they don't pick and choose their companies.
You're cutting off your nose to spite your face in thinking you're getting back at those corporations.
You want to penalize individuals for investing in companies in hopes that they can make some money in a stagnant economy.
If it was up to me, Wall Street would be shut down temporarily and a clean sweep performed and you would see a LOT of prices drop in this country.
From Housing to College Loans to Car Prices to Health Care and so on.
The Least we could do is BOOT out all Banking Lobbyists out of DC
They are a LEECH where their main objective is to take from the productive and give to the non productive all for shuffling paper rather than provide a financial service to this country as they once did.
Every where I look, the Big Wall Street Banks have their Fangs in everything in order to squeeze more out of the people.
Student loans are souring at a growing rate—and investors can't seem to get enough.
SLM Corp., the largest U.S. student lender, last week sold $1.1 billion of securities backed by private student loans. Demand for the riskiest bunch—those that will lose money first if the loans go bad—was 15 times greater than the supply, people familiar with the deal said.
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