"Trickle Down Economics" .... Enlighten Me. (Representatives, salary, Reaganomics)
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You remember when computer first came out? They were hundreds of dollars, if not thousands, and most of the public couldn't afford to have one and if they could they only had one. Now you see children with iPhones and families have a computer for each person and there's a TV in every room. You think that's just a coincidence?
Cars were out of the price range of most people when they came out also. That is until they no longer were. Did production have to be moved overseas for this to happen? Did the employees have to take a fraction of their earlier wages? No. Its happened over and over. What you describe is the natural price curve.
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Your last statement is not mutually exclusive to the first. You want to tell me how someone in Sri Lanka can afford to pay an American worker 7,410 Rs per hour to make their cellphones and computers? They couldn't which is why they buy them from China and SE Asia.
How many hundreds of dollars is an iPhone? Yes we can pay people here and still be profitable at those prices.
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Whether you like it or not the rest of the world's middle class is growing and until their currency is equal to the US dollar in value you won't be seeing those jobs come back. Eventually, gasp, you'll have the same standard of living as all those brown people across the globe and if you're lucky you won't be living in hugs along side of them. They'll have the same houses you do that you used to call the American dream.
What they are avoiding I not wages. What they are avoiding is redundant rules and regulations.
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You get it? The American dream wasn't just an American thing, it's what everyone wants. It's just now they no longer have to come to America to get it. If you had good intentions you would be happy for them and you would be trying to figure out how to move the US economy into its 5th stage, something unprecedented in world history. Instead, you're trying to figure out how to move the rest of the world back into some pre-agrarian society so they can continue to be slaves in slave-states subservient to Americans.
If China doesn't want to buy American products that is up to them. Don't move your business to China and expect the American taxpayer protect your assets though. When they steal your proprietary information and bootleg your product complain to China.
If you taxed capital gains like you taxed income every corporation would move overseas with a couple of years and take their taxes and jobs with them. Why do you think companies are moving to Ireland right now?
Thank god you are not in charge of the country.
Warren Buffet and Bill Gates disagree with you. And Warren Buffet is one of the greatest investors of all time.
Gates seems to be a pretty stand up does what he says guy. Buffet not so much.
Meh. When billionaires are saying they should be taxed more, it's a pretty good indication that GOP trickle-up polices are unsound. The right-wing "attack the source" tactic does you no good here.
Meh. When billionaires are saying they should be taxed more, it's a pretty good indication that GOP trickle-up polices are unsound. The right-wing "attack the source" tactic does you no good here.
The problem is that the billionaires saying the tax rates are too low also shift their profit overseas. I have never heard Buffet or Gates speak specifically about corporate taxes, but both of them have corporate profits shifted away from the USA. At least as far as Gates is concerned, he has only said that the US corporate tax code could use some scrutiny, but that is notoriously vague.
Meh. When billionaires are saying they should be taxed more, it's a pretty good indication that GOP trickle-up polices are unsound. The right-wing "attack the source" tactic does you no good here.
I gave a perfectly viable reason why I doubt Buffet. Address it if you like. I said I believed Gates. Hell I make the same argument so rather, just pound sand.
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