Eliminate The Trade Deficit
#1
Posted 07 July 2011 - 05:26 PM
#2
Posted 07 July 2011 - 07:45 PM
Also, if there was a high import tax, companies would have less reason to have everything made in China. The problem is that the profit motive is sometimes too much - why use drilling practices that are definitely safe (or, for that matter, even drill at all) when you can use ones that might fail and create a huge spill but save you a bunch of money in the short run?
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#3
Posted 08 July 2011 - 08:57 AM
As for the trade imbalance, countries cheat ( China anyone ) and manage to export more to the U.S. than they import from the U.S. Anyone stop to think that it may be part of a scheme to bring down the U.S.? They don't dare try Militarily as they know our power in that respect, but by quietly undermining the financial structure through various means, the U.S. can be brought down. With the total irresponsibility and incompetence of the ones chosen to lead, it plays right into their hands. All those billions of dollars spent on useless pet projects ( actually a pay off for their support ).
IBM sold off their Home Computer ( PC ) division to China ( Lenovo now ) along with the Technology, that for years was barred from China. There used to be a thriving steel industry here, but not any more thanks to the unions. There are stil a few, but the product is expensive. I worked for many years for a company that built trucks for utility companies and Fire Trucks. I was in the body fabrication part. For the most part, we used recycled steel as it was cheaper, but of lower quality and created problems during the making of the various parts for the truck bodies. I have worked union in the past. I worked for Union-Camp Corp. ( now a part of International Paper ) making corrugated boxes. I quickly realized that the Union was all about those dues you pay. Their idea of creating jobs is to have five people doing the job of one at a premium price in pay and benefits. A company can't last like that.
I don't know if you'll ever truely get a balance of trade as countries do cheat and get away with it. They won't buy our beef for one reason or another ( usually unfounded ). Food? Farmers in California can't irrigate crops because the state shuts off the water to protect some worthless fish, so don't plant ( same thing here except it was a Hydro Electric Plant and some worthless minnow got in the way ). We could grow enough for our own needs as well as export, but won't happen as long as the do gooders prevail. Species come and species go, such is the nature of things. Being able to feed people should be the priority as well as having something to export. We used to export a lot Corn for feed, but not any more due to the demands of ethanol production, that is so expensive it has to be subsidized by the taxpayers to keep the price down at the pump.
As for a National Sales tax, I am on the fence on that. I don't think it will eliminate the Income Tax as those folks in Washington are a greedy lot and can't get enough money. A rewrite of the tax code would probably be helpful as well as going after those who have offshored their money to avoid taxes. I get a bit tired of hearing about how the "Rich" are shouldering the burden. In the 2004 Elections, they released Theresa Heinz Kerry's Income Tax Filing from 2003. The end result was that with all her money and income, her bracket was at 11.8%. When I was working and making on average about $29,000 per year, I paid on average about 18% to 20%. Granted, her 11.8% was far more than my 18% to 20%, but the fact remains, her tax bracket was far lower than mine and should have been at 30% or higher if you believe the pundents. Yes, as far as evening the playing field as far as taxes go, a National Sales Tax ( consumption Tax ? ) would be much fairer as would an across the board flat tax.
The way I see it, this country is being trashed by the leadership in Washington. I don't agree with much of anything that comes out of there, as it is coming from the radicals on both sides of the aisle ( far Left and far Right ) and is a at cross purposes to the best interests of the country. There are some moderate voices, but they can do little. If you want to get this country back on track, you need to get rid of the business as usual professional politicians and elect responsible and competent people. As long as money is the primary driving force in politics, that won't happen. Anyway, that is enough as this is not mean't to be a political diatribe, but just some personal observations as to why things are as they are today and the reason, we have no jobs or products to export. Truth be told, our biggest export is probably technology that others use to develop products to ship back here.
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#4
Posted 08 July 2011 - 10:11 AM
#5
Posted 08 July 2011 - 07:32 PM
This post has been edited by techie4fun: 08 July 2011 - 07:35 PM
#6
Posted 09 July 2011 - 05:57 AM
mjd420nova, on 08 July 2011 - 10:11 AM, said:
Although here, some do take their old Refridgerators , Freezers, and A/Cs to the landfill, they won't accept them with the compressors still attached. For the most part they are usually recycled for the metal in them and not just dumped to rust away over time. At the turn of the 20th Century, there were sweat shops and the working conditions were deploreable. The Unions were instrumental in the changes that took place, but they have outlived their usefulness. Where it used to be that the uniins in fact did pay the retirement and Healthcare benefits, but now it has been shifted to the employer, and in a lot of cases at no expense to the employee. In the public sector, some of the cost is being shifted back to the employee to some degree. I find it ridiculous that some public service employees retire making $50,000 per year and in retirement end up with 100k + and in most cases haven't contributed a dime. No wonder states and localities are going broke. It is unsustainable, plain and simple. I have always contributed something to my Retirement and Healthcare plans. At present, I do have Medicare ( I pay a monthly premium ) and I also have a supplemental policy ( an addtional monthly premium ). I get my healthcare through the VA, which costs me nothing due to my classification. Why purchase insurance ? Simple, sometimes you will get diverted by the VA to another Hospital for whatever reason. Any procedure outside of the ER, needs to be Okayed first by the VA, otherwise, they won't get paid ( at least by the VA ). Point is, People need to take personal responsibility for themselves.
Virginia is one of only two states that have outlawed collective bargaining by Public Service employees ( North Carolina is the other ). This has been in effect since the 40's here. After all, these people are public servants and paid by the taxpayer. The point is, if people would get their heads out of the sand, they would see that the Unions, with their incessant and unrealistic demands, are sucking the life out of the economy ( not to mention all the Lawyers out there with their lawsuits that you, the consumer end up paying for in the form of higher prices ). Yep, changes are needed alright, in the form of a National Right to work Law as well as Tort reform.
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#7
Posted 10 July 2011 - 08:48 PM
mjd420nova, on 07 July 2011 - 05:26 PM, said:
Lol that is like what my poly sci professor basically said and he is like a hardcore conservative
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#8
Posted 13 July 2011 - 05:33 PM
mjd420nova, on 07 July 2011 - 05:26 PM, said:
Not trying to cut you off there, but this is the only part I really wanted to reply to.
First: What products would you like us to purchase that are truly made in the US?
Cars? There are none. Not any more. My Mitsubishi was assembled here, nothing more. Many 'domestic' cars aren't even assembled here.
PCs? Again, they don't exist.
TV's? Nope, none of them either.
Ink Pen? I think there might be one or two expensive pens left.
Watch? Nope... the cheap ones are china, the best ones from all over Europe. I don't think I have seen a quality US watch.
Ignoring the actual products available in the US, let me ask you the even more important questions.
Where is the quality? The last few US made products I have seen, were built with quality directly comparable to their Chinese counterparts, and cost considerably more. Is it too much to ask for US products to actually be WORTH what they are asking for them?
Lastly - the cost is also directly related to what they have to spend to make them. We need people to understand that they cannot make $30/hr to check a gauge, write down a number, and move on. I actually know someone who worked at a factory doing just that. She checked gauges, and ensured they were in the green. That was all. She wouldn't even conduct repairs if they weren't. She just wrote it down, and moved on. For that, she was paid about $35 every hour. A trained monkey could do that for a banana. Get the labor cost down, and you will see comparable pricing, and you may even be able to get companies to focus on quality again.
#9
Posted 13 July 2011 - 05:38 PM
LiveBrianD, on 07 July 2011 - 07:45 PM, said:
Have you seen the complaints that go with that?
MONTHS waiting on an MRI.
MONTHS waiting on specialized care.
SUBstandard care.
The list goes on.
No, I don't want that crap.
Quote
Who cares about the companies? TAX the crap out of ALL IMPORTS. Let China send crap here, and make sure the US profits from it.
#10
Posted 13 July 2011 - 07:05 PM
Wouldn't it be better to develop local economies that meet local needs first. instead of producing products to be sold elsewhere we should produce to sell locally and then export only the surplus.
What keeps us from doing so? Free market capitalism is the root of the problem, in my opinion. Communism is just as bad in fact it is just the other side of capitalist coin. We can't consume and produce our way to real prosperity. We can conserve and use resources only as needed to make our communities thrive and sustain themselves.
I recommend the insights of Wendell Berry who states this much better than I.
This post has been edited by coastie65: 14 July 2011 - 10:02 AM
#11
Posted 14 July 2011 - 09:18 AM
#12
Posted 14 July 2011 - 10:30 AM
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