Oh RaggedyAndy! You are too much! Thank you for spending time with we mere mortals. Had I known how superior you are to us, I would have treated you with more respect.Nah, COsFb, you just need to work on your game. Well, actually, get one. I'd suggest spending less time scouring the internet for inflammatory horseshit and more time on thinking and contemplation instead of conniving and scheming. Sorry I poked you too hard. Well, not really.
We are no doubt in the presence of greatness.
Ignorant twit. Originally Posted by CuteOldGuy
That is a bunch of hogwash. Cheap labor is what drives companies to relocate, not high taxes. Why do you think some companies are moving out of China? Labor costs are on the rise!
But, as always, what is left out of the equation and their speeches are, that if you increase taxes (costs) on big biz owners, they will simply go overseas to a more favorable tax environment and send the middle-class American "job-creators" to the unemployment line. That is where we are now, because other countries appreciate and want the businesses in their countries much more than our blood-sucking government that declares war on their profits on a daily basis.
Raising taxes and creating more incentive to the people who, by his definition, are not "job creators", but have the power to send those jobs overseas is still not the answer no matter what you call them. Originally Posted by nwarounder
That is a bunch of hogwash. Cheap labor is what drives companies to relocate, not high taxes. Why do you think some companies are moving out of China? Labor costs are on the rise! Originally Posted by WTFBlame it on what you like, if you raise the tax rate, you raise the cost of doing business in America, and to a point that some companies can no longer profit, then they will move jobs overseas. So was it taxes or cheap labor? I don't care to win the argument with you, bottom line America loses jobs when taxes are raised.
That is a bunch of hogwash. Cheap labor is what drives companies to relocate, not high taxes. Why do you think some companies are moving out of China? Labor costs are on the rise! Originally Posted by WTFLabor costs are just one factor. the total cost of doing business is what matters. Taxes are a factor that has just as much potential impact.
Actually, he's not too far wrong. He misidentifies what we have now as capitalism, which it is not. We have crony capitalism, which is very close to fascism. The Super Rich take their money, and pretty much let it sit and stagnate. In a capitalist system, that excess money would be used to innovate and create new and better products. That isn't happening right now. Originally Posted by CuteOldGuyOK, I've got a piss pot slew of money sitting and stagnating in various zero sum investments. I agree with you that I'm not really creating many jobs with that, except to the extend that I spend my returns on wine, women, or song. But pray tell answer a question or two for me.
OK, I've got a piss pot slew of money sitting and stagnating in various zero sum investments. I agree with you that I'm not really creating many jobs with that, except to the extend that I spend my returns on wine, women, or song. But pray tell answer a question or two for me.GET RID of Obama! Shit will turn around over night.
1. How am I a "crony" capitalist?
2. What would change under your ideal view of capitalism that would get my money off the sidelines into whatever magical investment vehicle you want it in for it to create jobs?
3. What magic investment vehicle do you think my money will go into once you reform capitalism where it will suddenly create a bunch of jobs. Assume my money is now 10% real estate; 15% munis; 20% domestic equities; 30% international equities; 20% oil and gas; 5% other. Originally Posted by TexTushHog
Blame it on what you like, if you raise the tax rate, you raise the cost of doing business in America, and to a point that some companies can no longer profit, then they will move jobs overseas. So was it taxes or cheap labor? I don't care to win the argument with you, bottom line America loses jobs when taxes are raised. Originally Posted by nwarounderThat is not always true, Clinton raised taxes.
Labor costs are just one factor. the total cost of doing business is what matters. Taxes are a factor that has just as much potential impact. Originally Posted by LazI wasn't the one stating that taxes drive away business. I was stating a way bigger reason why companies relocate. Are taxes a factor? Yes. As much as labor costs? No. Is Wal-Mart going to move from this country? Starbucks? Exxon? Let Exxon move and see how we protect their oil that is shipped. They should pay for the security they recieve.
OK, I've got a piss pot slew of money sitting and stagnating in various zero sum investments. I agree with you that I'm not really creating many jobs with that, except to the extend that I spend my returns on wine, women, or song. But pray tell answer a question or two for me.I wouldn't think it applies to you, don't know all the details but you don't seem motivated enough to have any impact on job creation and are perfectly content with wine, women, and song. Don't take that as an insult, neither am I, nor do I care to try when the only incentive to me is giving it away to some poorer, entitled chap. But on a positive note, you already have 40% of your money in investments that stimulate and promote job growth, and possibly that 10% in RE may be helping depending on the type of investment as well, so all is not lost.
1. How am I a "crony" capitalist?
2. What would change under your ideal view of capitalism that would get my money off the sidelines into whatever magical investment vehicle you want it in for it to create jobs?
3. What magic investment vehicle do you think my money will go into once you reform capitalism where it will suddenly create a bunch of jobs. Assume my money is now 10% real estate; 15% munis; 20% domestic equities; 30% international equities; 20% oil and gas; 5% other. Originally Posted by TexTushHog