The Mudcat Café TM
Thread #145222   Message #3368158
Posted By: Bobert
26-Jun-12 - 09:25 AM
Thread Name: BS: Can we afford Democracy?
Subject: RE: BS: Can we afford Democracy?
I agree with that, Sawz...

Here's a little known fact... China can give a turn key plant over to GM or any other US company and that plant cannot be considered a taxable asset of that corporation??? I mean, if GM builds a plant in Ohio that plant is a taxable asset... Those are the kinds of loopholes that need to be closed...

Off-shore accounts like in the Cayman Islands shelter 100s of billion$ of taxable wealth... Another loophole... Man6y large American corporations pay no corporate "income" taxes...

Seems that the tax codes favor the wealthy... Heck, the wealthy are drownin' in cash right now... The Fortune 500 are sitting on $2T+ in uninvested cash??? Hoarded $$$ isn't contributing to the GNP in any manner...

But never mind that... It's not news that thr rich have rigged the game...

BTW, read up on what happened to the US steel industry... It is a primer on what not to do... People who don't know history tend to repeat it... I don't want to repeat gettin' our clock cleaned by our competitors, thank you...

BTW, Part B... The Youngstown example I provided isn't an exaggeration... I've seen it close up... Bruce Springsteen wrote a song about it... I wrote and recorded a song about it long before Bruce's... I been there... I've got a collection of drawings I did of the Janette Furnace... If that ain't a lesson on what-not-to-do then nothing is... That was during Reagan's watch and guess what??? Japan made no bones about what they were doing... Wasn't like it snuck in at night and stole it... This theft was pre-announced and done under the light of day... And we sat back and did nothing...

So, if we can use models that allow US to collectively cut into our trade deficit then in the long run that helps the country...

I mean, we can complain that we're living on borrowed Chinese $$$ and do nothing or we can compete...

Ain't rocket surgery...

Yo, GfinS...

Don's right... You throw the bomb out there as if there's powder in it ready to explode all over Obama and then when asked to back it up you run like "pigs from a gun"... Normal...

B~