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It's not that big of a deal. It's normal economics. Give people a reason to invest money to make more money, and they will.
If it's not that big of a deal, then why haven't more people who spend their entire professional careers studying economics signed onto this theory?
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Originally Posted by DRob4JC
Lower corporate taxes which makes it cheaper to operate can cut down on offshoring. 35% to 21% is a big cut.
Lower corporate taxes are not going to make it cheaper to operate in the U.S. Companies will simply say "Thanks" for the tax cut and then continue making products in Vietnam. Why would any corporation pay higher wages in the U.S. when they can pay lower wages in Asia? And of course, they can pay no wages at all by using robots.
For those interested, here's a breakdown of what is expected with the tax cuts. 80% of over 177 million taxpayers will get a tax cut. The average tax cut amount is estimated to be $2,140.
Under 5% will have their taxes increase.
No true,now tell everyone what their tax breaks will be in years 2 or year 3 ????I'll wait.
True that and all part of the Repub strategy to further attack the social safety net. The smiling "choir boy" from Wisconsin is an Ayn Rand devotee and I am sure he is cynically enjoying all this. He and his Repub ilk deserve a special place in Hell for what they are doing to this country!
The Republicans (whom the Democrat rabble-rousers always want to stereotype as aristocrats in top hats and spats) have little to do with this; the laws of supply and demand rule here. The Democrats like their followers to believe they can wall these forces out, but only up to a point.
You can't expect to get $25/hr for work that goes for $10/hr in India or Mexico (if you show a reasonable amount of discipline, you might be able to get $15/hr, but that's about all, and the pressure won't ease up until your global competitors are also earning more. Same goes for the "safety net"; ours won't be cut, but it can't expand much further until the rest of the world catches up. Stop deluding yourself and retrain for work in health care, or some other line of work that can't be offshored -- or encourage your sons and daughters to do so, because the Workers' Paradise exists only in the delusions of your simple minds.
Last edited by 2nd trick op; 12-20-2017 at 01:25 PM..
Exactly. I've been telling everyone that I've got a workout plan that will get you rock solid abs in no time. It allows you to eat whatever you want, not workout, and still attain the body of a god.
"Starve the beast," of course, won't include cuts to SS and Medicare since those will be programs beneficial to Baby Boomers at that point.
Medicare is already being cut as a result:
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The bill mandates automatic Medicare cuts of at least $25 billion in 2018 and $400 billion over 10 years. In effect, seniors will pay for tax breaks for corporations and the wealthy as automatic spending cuts are triggered because the tax cuts add $1.5 trillion to the national debt. Automatic cuts altogether will total $136 billion in 2018 and include reductions in agriculture subsidies, student loans, military retirement and more. [Congressional Budget Office (CBO)]
The Republicans (whom the Democrat rabble-rousers always want to stereotype as aristocrats in top hats and spats) have little to do with this; the laws of supply and demand rule here. The Democrats like their followers to believe they can wall these forces out, but only up to a point.
You can't expect to get $25/hr for work that goes for $10/hr in India or Mexico (if you show a reasonable amount of discipline, you might be able to get $15/hr, but that's about all. Stop deluding yourself and retrain for work in health care, or some other line of work that can't be offshored -- or encourage your sons and daughters to do so, Because the Workers' Paradise exists only in the delusions of simple minds.
Hardly any job goes for $10/hr in India. Perhaps CEO of a company with hundreds of employees. People still can make $10/hr here for what is paid a few cents an hour in other countries. Its not as simple as you make it out to be. McDonalds pay workers in some European countries $22 an hour and benefits not even the top 10% in America gets while they pay a few cents an hour in other countries.
Still a long way to go to pay for the Obamacare tax that is now costing me an additional $8000-10,000 a year.
Maybe once McCain is replaced in 2018 Repubs will get rid of that tax also.
The Tax Bill removes the Obamacare tax (fine). Is that what you are referencing?
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