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[quote=Malloric;25157169]China 2012 is not China 1970. It wasn't much of an option in 1970. They had no basic infrastructure that manufacturing requires. quote]
Offshoring of electronic products to Japan started in the 1960s. Then the cost of doing business in Japan went up. Look what happened with the cost of Japanese motorcycles between 1970 and 1990. Prices went thru the roof.
Not correct. Deductions are just as huge (if not larger) for the rich than they were before Reagan. The rich have always found their way to obtain huge deductions, before tax rates were lowered, and now. That being the case, why were their tax rates lowered? There's only one answer to that, and we all know it, even those who defend the lowering of the tax rates to the rich.
Back in the 1950s, corps paid about 39% of all income taxes. In the 1990s it was only around 17%. Now it's even lower. In the 70s, the ordinary family paid about $1600 in taxes. In the late 1980s, they paid close to $9,000, yet the millionaires were paying far less taxes around this time than they previously paid. We were told this would function as some magical as trickle down. In other words, whatever money we pumped to the top wealthy in this manner, would trickle back down to us. BS.
That's not what trickled down on the rest of the country.
Quote:
Originally Posted by ram2
Much more tax deuctions back then. Nobody payed the top tax rates.
In the case of the US as a whole LOOK AT MIGRATION PATTERNS. The middle class continues to move where the overall cost of living is lower, BUT a decent amount of good paying jobs exist. The Census Bureau routinely updates population changes on a county by county basis as well as employment percentage changes ove time. This gives me a good "general view" as to where NEW job growth is occurring and what places are stagnating and declining. Demography and economic geography are my passions so I'd be happy to have a discussion with anyone on this thread about some of the finer issues I'm analyzing at the moment.
In the 70s, the ordinary family paid about $1600 in taxes. In the late 1980s, they paid close to $9,000
That's not what trickled down on the rest of the country.
You should be complaining to state and local governments for continuing to raise taxes. For example, in the mid-1990s Ohio raised property tax rates and sales tax rates, and other taxes but with no benefit to middle class families.
In the case of the US as a whole LOOK AT MIGRATION PATTERNS. The middle class continues to move where the overall cost of living is lower, BUT a decent amount of good paying jobs exist. The Census Bureau routinely updates population changes on a county by county basis as well as employment percentage changes ove time. This gives me a good "general view" as to where NEW job growth is occurring and what places are stagnating and declining. Demography and economic geography are my passions so I'd be happy to have a discussion with anyone on this thread about some of the finer issues I'm analyzing at the moment.
Can you tell us the top 10 areas for new job growth and the 10 top areas in decline?
Can you tell us the top 10 areas for new job growth and the 10 top areas in decline?
Here Is A Good Sampling Of 10 Counties For Solid New Job Growth In Percentage Terms (2000-2009) Lower 48 States
1) Williamson County, TX (Austin, TX metro area) +74.5% job growth gain
2) Collin County, TX (Dallas/Ft. Worth metro area) +56.3% job growth gain
3) Forsyth County, GA (Atlanta metro area) +95.2% job growth gain
4) Douglas County, CO (Denver metro area) +114.6% job growth gain
5) Loudon County, VA (Washington DC metro area) +69.0% job growth gain
6) Dallas County, IA (Des Moines, IA metro area) +170.5% job growth gain
7) Delaware County, OH (Columbus, OH metro area) +53.7% job growth gain
8) Fort Bend County, TX (Houston, TX metro area) +42.4% job growth gain
9) Montgomery County, TX (Houston, TX metro area) +41.6% job growth gain
10) Denton County, TX (Dallas/Ft. Worth metro area) +42.6% job growth gain
States With The Fastest Percentage Gains In Population: 2010-2011
Texas: 2.1%
Alaska: 1.8%
Utah: 1.9%
Colorado: 1.7%
Washington: 1.6%
States With the Slowest or Negative Percentage Declines In Population: 2010-2011
Michigan: -0.1%
Rhode Island -0.1%
Maine: 0.0%
West Virginia 0.1%
Vermont: 0.1%
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