problem is, by "we" do you mean just the US and not the rest of the world? Cause that is the net affect of closing a factory here and opening it up in some other country. That is what the "green" folks don't get.
Calls for introducing a Financial Transaction Tax have grown since the financial crisis and the Great Recession, and the concept has been just below the surface of many recent discussions of tax reform in the U.S. But before any debate over the idea heats up, a new study from the Tax Policy Center busts some of the myths surrounding the tax and comes up with a bottom line finding that, if properly implemented, it could raise $50 billion a year without seriously affecting the operation of the financial markets.
folks are spoiled, They don't know what it's like to actually go hungry or cold. There is no draft so they don't see awful places like the Middle East up close.
Why have an income limit on SS? I've paid, between me and company, $300K into SS over my lifetime. If I collect at 62, I won't see my money paid back to me until age 78, never mind reinvested capital. Worst investment ever. There are many ways around means testing SS. I could sock my money away in gold coins and go sell a few every month for cash and actually look poor. Or I could buy collectible cars and sell 1 for cash every yr, etc.
but just think, the current CEO and the rest of the crew were on staff and under another guy who was the then CEO and he made $1M/yr. At least they go rid of a large expense and a layer of management.
I'v said numerous times they should take a 20% paycut.
he's already stated he is in favor of a transaction tax.
Has proposed a financial transaction tax which will reduce risky and unproductive high-speed trading and other forms of Wall Street speculation; proceeds would be used to provide debt-free public college education. 0.1% would raise $50B/yr
Introduced a tax on Wall Street speculation to make public colleges and universities tuition-free
Supports capping credit card interest rates at 15%.
but the World Economic output is at all-time highs as well. So debt in relation to output is fine. Lots of the debt can easily be repudiated with the stroke of a pen; raise the SS age to 72 and Trillions of future debt vanishes.
Stop being such Debbie Downers; life is good
the environmental regulations need to be rolled back in order to boost manufacturing. How is closing a factory in the US, where there are strict laws/regulations/etc, and opening it in China where they dump raw waste into the environment, better for the Earth?
It's not. So enacting tough rules here and then bypassing them in foreign countries is bad for the Earth and the US worker. It's a smokescreen to help the top 1%.
Are times really that bad? No World Wars. Food is plentiful. Lief expectancy is very high. Diseases being cured, even cancer. Plenty of free time. Houses are huge and luxurious. Social safety nets, even the poor are fat. No dead bodies in the streets, no one starving.
Would you rather go back 200 years and plow fields for 14 hrs/day 6 days a week, die at age 45, and live in a 400sqft house with 6 other folks.
People may like back at these times years from now and "why were these people so miserable? Pass me Grammy's leg, I'm hungry"
gold surges 3% today to just under $1230, silver nearing $16. PCGS has been grading for 30 years and just 6 weeks into this year, they are at their 5th all-time in number of silver eagles graded already.
79K+ silver eagles graded already now. 5th highest yearly total and we are just in the 6th week of the year.
not sure what going private gets them. Yes they save $1M/yr in fees/costs, but their stock options become worthless. Much of their pay is stock. Harder to raise funds. If they were profitable, then that is one thing as they could continue to pay themselves outrageous salaries forever.