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RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 8:20:00 AM   
mnottertail


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global trade is here to stay, and I have nothing against it, it has always been since Marco Polo (and perhaps before) but Global FREE trade (it the Free part of it I take issue with in a big way) doesn't have to be here to stay, and shouldn't.

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RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 8:45:12 AM   
cloudboy


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Where's your treatise on protectionism? Wherever it is, it's too late to save BALTO's sparrow's pointe steel mill.

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Profile   Post #: 102
RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 8:56:21 AM   
Zonie63


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quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: Sanity


quote:

ORIGINAL: mnottertail

Yes, I am all for that, and they can pay extra for police protection, may not spend any money in the us for political purposes, lobbyists, pay extra for any use of american resources such as roads, and higher property taxes on their buildings and grounds.........register with the state department as foreign agents, and we need some legislative actions that would raise foreign based corporate taxes in the US above those paid by Americans.


Trade wars

Great idea

Why not just build higher walls to keep our people in. With towers, spotlights and sharpshooters

OMG.

There's a political position on which we actually agree. Strongly even.

Well, not about the sharpshooters, but I'm assuming that part's irony.

And, it has long been an essential part of my disagreement with Democrats -- global free trade is here to stay, and for good reason.


I don't think the Democrats have been out-and-out against global free trade. In fact, they've been mostly wishy-washy on the whole thing, which is an essential part of my disagreement with the Democrats.

I don't think we even have global "free" trade anyway. It can't possibly be "free" if much of the world still remains "not free," including China and various nations of the Middle East which figure prominently in the globalist agenda.

There's also a certain unevenness about global trade which some Democrats might oppose, such as variances between countries regarding environmental laws, worker safety, laws regarding unions and collective bargaining, and a minimum living wage comparable to that of ours. There's no possible way that US workers can compete with workers who work for $5 a day, so until that situation balances out and wages world-wide are more comparable with each other, it won't really be "free" trade. Despite its checkered past, the Democratic Party has been known to support pro-labor causes on occasion, or at least, some of them do...sort of.

I don't think they're against the idea of global free trade on principle, except where it may conflict with some of their principles, whether it has to do with the well-being of workers, the environment, and the general principles of freedom for the people as a whole.

Another dimension to this is geopolitical stability. There are those who recognize that global trade is a fact of life and try to approach foreign policy from a more practical, reasonable, and negotiable point of view. And then there are those who want to be war mongers, spouting off warlike rhetoric which undermines stability and creates greater tensions (and I'm not just talking about people within the United States, but all over the world).

quote:


Interestingly, in our bizarre political climate today, it's also among my disagreements with the Tea Party conservative wing.


Well, yes, back in the day, the Republicans were more "isolationist" than the Democrats. Many Republicans also try to tout themselves as more patriotic, so when a strong sense of patriotism is combined with isolationism, the "America First" idea they have embraced is a natural consequence.

But even then, I don't know that they're so much against "trade"; they just don't want to get involved with other countries or be in a position where we find ourselves dependent upon or beholden to a foreign entity. That would undermine our own independence and sovereignty, and this would run counter to the idea of "America First."

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RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 9:06:38 AM   
Musicmystery


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Fair point. To be more accurate, factions within the Democrats' caucus are anti-free trade.

I have to disagree with you about Republicans, however. The turn to populist conservatism has brought with it arguments for isolationist economic policies and opposition to free trade agreements. I can't imagine how you see it any differently--it's their stated position.


< Message edited by Musicmystery -- 8/29/2014 9:08:19 AM >

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Profile   Post #: 104
RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 9:19:14 AM   
mnottertail


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Well, here is the quick anecdotal case for protectionism.

http://www.ustr.gov/countries-regions/japan-korea-apec/korea

It is somewhat of a confusing read, but the idea is that we are an economy of pretty huge proportions:

http://www.tradingeconomics.com/united-states/gross-national-product

Korea's:

http://www.tradingeconomics.com/south-korea/gross-national-product

How can we fair trade that? Their economy is one tenth of ours or what? I aint gonna do the math.

So, we send them a little GMO beef which they refuse to buy (well we got that straightened out like last year) and they send us TVS and Vehicles.

How is that a fair trade deal? We cave to smaller economies, they are the ones that have the great deal and big market to sell, and we do not have the same deal and market in their economy.

Hey, we cant produce TVs? Vehicles? We give up a 1,000 American jobs here, 400 American jobs there, 100, 000 American jobs over there, and so on, and pretty soon, we are talking about Some Real American Jobs.


Sen. Everett Dirksen.

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RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 10:21:56 AM   
Zonie63


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quote:

ORIGINAL: Musicmystery

Fair point. To be more accurate, factions within the Democrats' caucus are anti-free trade.

I have to disagree with you about Republicans, however. The turn to populist conservatism has brought with it arguments for isolationist economic policies and opposition to free trade agreements. I can't imagine how you see it any differently--it's their stated position.


I don't think that I see it any differently. I'm just saying that it doesn't surprise me all that much, based on the history and traditions they've embraced in the past. Of course, just as with the Democrats, this only applies to certain factions, not the entire GOP, whose party platform has been mostly pro-free trade for at least the past few decades.

There is a certain xenophobia underlying some of the isolationist attitudes, and this is coupled with conservatives' hawkish support for interventionism and a strong push for pro-American patriotism (which is a diluted form of nationalism). I'm not saying this about all conservatives, although there are those I've seen throughout my life who seem to want to pass off this idea that the outside world is just full of horrible people who are out to get us and we need to be aggressively on guard against them (through the policy of interventionism) - whether they're communists in East Asia or Eurasia or Latin America, or terrorists in the Middle East, or wherever. It's not surprising that some people would actually start to believe that stuff, leading them to advocate for policies congruent to that xenophobic perception of the outside world.

I think that the end of the Cold War left a lot of people confused. Our relationship with China has been complicated and confusing over the years.

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Profile   Post #: 106
RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 1:39:35 PM   
tj444


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quote:

ORIGINAL: mnottertail

Hey, we cant produce TVs? Vehicles? We give up a 1,000 American jobs here, 400 American jobs there, 100, 000 American jobs over there, and so on, and pretty soon, we are talking about Some Real American Jobs.


Sure, you can produce them but where are the American consumers willing to buy those American produced goods at prices that would support those jobs? and its not simply jobs "going overseas", its also robots and machines (which are getting "smarter" by the minute) that are taking jobs that Americans used to do.. Why are you not against machines taking those jobs? They have taken plenty of jobs already and will take even more.. btw, the robots are taking over more and more jobs in China, etc too..

"Oxford researchers say that 45 percent of America’s occupations will be automated within the next 20 years."


http://www.technologyreview.com/view/519241/report-suggests-nearly-half-of-us-jobs-are-vulnerable-to-computerization/

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RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 1:46:09 PM   
mnottertail


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quote:


Sure, you can produce them but where are the American consumers willing to buy those American produced goods at prices that would support those jobs?


Protectionism. Perhaps you have a dictionary at hand? Maybe an encyclopedia so you can get a deeper overview.

quote:


"Oxford researchers say that 45 percent of America’s occupations will be automated within the next 20 years."


And there will be people that design and build the automation, and program it, and service it, and sell it, and buy it and administer it and and and and . . . and since some of those aren't automated yet, thats more jobs, and of course there are new frontiers, just ahead of us, ALWAYS.


Anyway there is a reason that I want to dismantle corporations at the same time I want to protect our economy.


Nevertheless, somebody is buying this shit, and if you cast about you will find that a big buyer is us.


< Message edited by mnottertail -- 8/29/2014 1:48:00 PM >


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RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 1:56:47 PM   
tj444


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quote:

ORIGINAL: mnottertail

quote:


Sure, you can produce them but where are the American consumers willing to buy those American produced goods at prices that would support those jobs?


Protectionism. Perhaps you have a dictionary at hand? Maybe an encyclopedia so you can get a deeper overview.

quote:


"Oxford researchers say that 45 percent of America’s occupations will be automated within the next 20 years."


And there will be people that design and build the automation, and program it, and service it, and sell it, and buy it and administer it and and and and . . . and since some of those aren't automated yet, thats more jobs, and of course there are new frontiers, just ahead of us, ALWAYS.


Anyway there is a reason that I want to dismantle corporations at the same time I want to protect our economy.


Nevertheless, somebody is buying this shit, and if you cast about you will find that a big buyer is us.


good luck with your desires to do that.. protectionism doesn't work which is why the US has gotten into various free trade agreements in the first place, in addition to being able to tap into markets they couldn't previously..
Sure some jobs will be created but not enough to counteract the effect of robots taking jobs..
Americans already bought, they aren't the big buyer anymore, the future markets are the developing countries that want stuff Americans already got..

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Profile   Post #: 109
RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 2:06:09 PM   
mnottertail


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Uh, sorry protectionism does work, it is proven stuff. I don't know that we need fur lined sinks. So, whatever markets we are tapping into, we are getting imports from them but not exporting as much.

As for third world countries wanting what Americans have, they will eventually get it, from China, Sri Lanka, Korea, Japan, or wherever, but not from this country.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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Profile   Post #: 110
RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 2:09:59 PM   
DesideriScuri


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quote:

ORIGINAL: Zonie63
I don't think we even have global "free" trade anyway. It can't possibly be "free" if much of the world still remains "not free," including China and various nations of the Middle East which figure prominently in the globalist agenda.


The "free" part of "free trade" isn't about the level of freedom within a country or civilization, but with it being, more or less, unencumbered. NAFTA didn't happen because Canadians, Americans and Mexicans all enjoy the same level of freedom, but because our 3 nations agreed to not encumber trade among the three.

quote:

There's also a certain unevenness about global trade which some Democrats might oppose, such as variances between countries regarding environmental laws, worker safety, laws regarding unions and collective bargaining, and a minimum living wage comparable to that of ours. There's no possible way that US workers can compete with workers who work for $5 a day, so until that situation balances out and wages world-wide are more comparable with each other, it won't really be "free" trade.


What's ways are there to "balance out" world-wide wages? Wouldn't that be a natural result of increasing free trade with those countries? Mexico was the poster child for outsourcing. Then, it was China. Even now, China is starting to fall out of favor for India, Pakistan, and other "emerging" markets. There is a small wave of "on-shoring" going on because it's becoming less economical to outsource outside the US.

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Zonie63)
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RE: OMG.. Another US corporate Tax Inversion!!! - 8/29/2014 4:19:17 PM   
tj444


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quote:

ORIGINAL: mnottertail

Uh, sorry protectionism does work, it is proven stuff. I don't know that we need fur lined sinks. So, whatever markets we are tapping into, we are getting imports from them but not exporting as much.

As for third world countries wanting what Americans have, they will eventually get it, from China, Sri Lanka, Korea, Japan, or wherever, but not from this country.

What those countries buy will be from American companies but wherever those goods are made is up to those same American companies.. those companies also have "friends" in Washington, friends you and voters don't have (despite what is promised at election time).. and that means you & voters ranting away isn't gonna change a damn thing.. OWS was the closest ya'll ever got in Washington and that got ya nothing but cheap lip service..

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

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Profile   Post #: 112
RE: OMG.. Another US corporate Tax Inversion!!! - 8/30/2014 8:35:26 AM   
Zonie63


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Joined: 4/25/2011
From: The Old Pueblo
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quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: Zonie63
I don't think we even have global "free" trade anyway. It can't possibly be "free" if much of the world still remains "not free," including China and various nations of the Middle East which figure prominently in the globalist agenda.


The "free" part of "free trade" isn't about the level of freedom within a country or civilization, but with it being, more or less, unencumbered. NAFTA didn't happen because Canadians, Americans and Mexicans all enjoy the same level of freedom, but because our 3 nations agreed to not encumber trade among the three.


Mexico is considered "partly free" according to the most recent Freedom House survey. They were at the level of 5/4 back in the 80s, but now they're at 3/3, so they're getting a little more free incrementally. (China is at 7/6, Saudi Arabia is at 7/7)

Still, it's not about wordsmithing over the word "free." There would still be encumbrances if the political/economic systems are not congruent to each other. It's not the same thing as trading between States within the United States, since there isn't that much variance between State governments. National governments are a different kettle of fish, and this is where the encumbrances come into play. If the people in one nation are more encumbered than they are in another nation, then that poses a problem and a conflict with the concept of free market economics. How can the market be free if the people are not? If there isn't a level playing field among all the people in the market, then such a market will ultimately self destruct.

In the end, few people seem willing to accept any concept of a global government, which would be a necessity for a global economy. I can't see that there's any other way around it.

quote:


quote:

There's also a certain unevenness about global trade which some Democrats might oppose, such as variances between countries regarding environmental laws, worker safety, laws regarding unions and collective bargaining, and a minimum living wage comparable to that of ours. There's no possible way that US workers can compete with workers who work for $5 a day, so until that situation balances out and wages world-wide are more comparable with each other, it won't really be "free" trade.


What's ways are there to "balance out" world-wide wages? Wouldn't that be a natural result of increasing free trade with those countries? Mexico was the poster child for outsourcing. Then, it was China. Even now, China is starting to fall out of favor for India, Pakistan, and other "emerging" markets. There is a small wave of "on-shoring" going on because it's becoming less economical to outsource outside the US.


That could also be because some are beginning recognize the long-term problems which come with outsourcing, things that weren't considered previously due to being blinded by short-term profits without considering the consequences.

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Profile   Post #: 113
RE: OMG.. Another US corporate Tax Inversion!!! - 8/30/2014 8:42:57 AM   
mnottertail


Posts: 60698
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quote:

ORIGINAL: tj444


quote:

ORIGINAL: mnottertail

Uh, sorry protectionism does work, it is proven stuff. I don't know that we need fur lined sinks. So, whatever markets we are tapping into, we are getting imports from them but not exporting as much.

As for third world countries wanting what Americans have, they will eventually get it, from China, Sri Lanka, Korea, Japan, or wherever, but not from this country.

What those countries buy will be from American companies but wherever those goods are made is up to those same American companies.. those companies also have "friends" in Washington, friends you and voters don't have (despite what is promised at election time).. and that means you & voters ranting away isn't gonna change a damn thing.. OWS was the closest ya'll ever got in Washington and that got ya nothing but cheap lip service..



Ja, I get it I am a voice crying in the wilderness. It is what broke down the old antique republicans. It doesn't mean that I give up my sound principles, it means that they will never be realized. Well, we all gotta stand somewhere on this old planet, dontcha think?

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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RE: OMG.. Another US corporate Tax Inversion!!! - 8/30/2014 8:59:30 AM   
Musicmystery


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Ron, I think a better solution, admittedly very long term, is meaningful international law and cooperation.

The current global organization allows readily for "I've got mine, but fuck you, not my problem."

I'd argue that's short term thinking, and that we'd all be better off if we addressed it. I readily acknowledge it won't be easy. And I get that many people flat out oppose it. But we're treating symptoms instead of problems.

And that's what protectionism does as well. So we still have the problems, and add to them the side effects of the treatment.

Subsidies complicate this. Some are nationalistic, but others address market externalities -- supporting honey, for example, to ensure pollination. Yes, some will claim that the market would provide, but it doesn't in this case. Utilities are another example -- they have such huge economies of scale that natural monopolies, with regulation, are essential.

So I get that it would still have to be managed. And I'm for sensible regulation.

But roll up the carpet and raise the walls? It doesn't work, and never has.

(in reply to mnottertail)
Profile   Post #: 115
RE: OMG.. Another US corporate Tax Inversion!!! - 8/30/2014 9:00:24 AM   
DesideriScuri


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quote:

ORIGINAL: Zonie63
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: Zonie63
I don't think we even have global "free" trade anyway. It can't possibly be "free" if much of the world still remains "not free," including China and various nations of the Middle East which figure prominently in the globalist agenda.

The "free" part of "free trade" isn't about the level of freedom within a country or civilization, but with it being, more or less, unencumbered. NAFTA didn't happen because Canadians, Americans and Mexicans all enjoy the same level of freedom, but because our 3 nations agreed to not encumber trade among the three.

Mexico is considered "partly free" according to the most recent Freedom House survey. They were at the level of 5/4 back in the 80s, but now they're at 3/3, so they're getting a little more free incrementally. (China is at 7/6, Saudi Arabia is at 7/7)
Still, it's not about wordsmithing over the word "free." There would still be encumbrances if the political/economic systems are not congruent to each other. It's not the same thing as trading between States within the United States, since there isn't that much variance between State governments. National governments are a different kettle of fish, and this is where the encumbrances come into play. If the people in one nation are more encumbered than they are in another nation, then that poses a problem and a conflict with the concept of free market economics. How can the market be free if the people are not? If there isn't a level playing field among all the people in the market, then such a market will ultimately self destruct.
In the end, few people seem willing to accept any concept of a global government, which would be a necessity for a global economy. I can't see that there's any other way around it.


It's not about how free the people are, though. "Free Trade" refers to the national governments not putting encumbrances on their partners in free trade. Things like tariffs and import taxes aren't supportive of "free" trade. If the country with the least free population were to trade with us and had fewer encumbrances on imports from us than what we place on their exports to us, they are supporting free trade more than we are.

quote:

quote:

quote:

There's also a certain unevenness about global trade which some Democrats might oppose, such as variances between countries regarding environmental laws, worker safety, laws regarding unions and collective bargaining, and a minimum living wage comparable to that of ours. There's no possible way that US workers can compete with workers who work for $5 a day, so until that situation balances out and wages world-wide are more comparable with each other, it won't really be "free" trade.

What's ways are there to "balance out" world-wide wages? Wouldn't that be a natural result of increasing free trade with those countries? Mexico was the poster child for outsourcing. Then, it was China. Even now, China is starting to fall out of favor for India, Pakistan, and other "emerging" markets. There is a small wave of "on-shoring" going on because it's becoming less economical to outsource outside the US.

That could also be because some are beginning recognize the long-term problems which come with outsourcing, things that weren't considered previously due to being blinded by short-term profits without considering the consequences.


I'm sure there are some instances of that, but, after it's gotten started and you can look and see what has gone on before you, there are fewer "blind side" risks. If we'd only been off-shoring for a decade and stuff was coming back, that might be the case. Since we've been doing it for decades now, I'm pretty certain business has gotten better at researching costs/benefits of off-shoring (or not moving, or on-shoring).

An interesting viewpoint:
http://www.forbes.com/sites/timworstall/2011/11/07/reshoring-onshoring-the-opposite-of-offshoring-anyway/

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Zonie63)
Profile   Post #: 116
RE: OMG.. Another US corporate Tax Inversion!!! - 8/30/2014 9:04:19 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: Musicmystery
Ron, I think a better solution, admittedly very long term, is meaningful international law and cooperation.
The current global organization allows readily for "I've got mine, but fuck you, not my problem."
I'd argue that's short term thinking, and that we'd all be better off if we addressed it. I readily acknowledge it won't be easy. And I get that many people flat out oppose it. But we're treating symptoms instead of problems.
And that's what protectionism does as well. So we still have the problems, and add to them the side effects of the treatment.
Subsidies complicate this. Some are nationalistic, but others address market externalities -- supporting honey, for example, to ensure pollination. Yes, some will claim that the market would provide, but it doesn't in this case. Utilities are another example -- they have such huge economies of scale that natural monopolies, with regulation, are essential.
So I get that it would still have to be managed. And I'm for sensible regulation.
But roll up the carpet and raise the walls? It doesn't work, and never has.


Come on, Mercantilism worked sooo well!


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Musicmystery)
Profile   Post #: 117
RE: OMG.. Another US corporate Tax Inversion!!! - 8/30/2014 9:30:27 AM   
mnottertail


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What does mercantilism have to do with what Music and I are talking about?

No one is promoting these features:


Building overseas colonies;
Forbidding colonies to trade with other nations;
Monopolizing markets with staple ports;
Banning the export of gold and silver, even for payments;
Forbidding trade to be carried in foreign ships;
Limiting wages;
Restricting domestic consumption with non-tariff barriers to trade.

I am talking more along the lines of our old American protected economy.

Free-trade isn't working out for shit for us either, in case you havent noticed, it is ruining us. BECAUSE LIKE YOUR FREE-MARKET COMMUNISM, there is never was and never will be any such thing. Not ever.


< Message edited by mnottertail -- 8/30/2014 9:34:24 AM >


_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


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Profile   Post #: 118
RE: OMG.. Another US corporate Tax Inversion!!! - 8/30/2014 9:42:31 AM   
Musicmystery


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I readily agree we need a new business paradigm. A lot of people in business do.

What that will look like, though, no one has really nailed down yet in any practical way.

Agreed that the current system is unsustainable long term.

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Profile   Post #: 119
RE: OMG.. Another US corporate Tax Inversion!!! - 9/2/2014 6:43:11 PM   
cloudboy


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Here's a story in your WHEEL HOUSE:

FACTORY MAN

>Even as many American retailers embrace the cheap imports — as do thousands of their customers — he rallies a contingent of small manufacturers who take their case to Washington in 2003, complaining that under World Trade Organization guidelines, the Chinese are using government subsidies to dump their products in the United States.

After a long and costly campaign that divides American manufacturers, he wins. The Chinese companies are forced to pay a form of restitution, which keeps Vaughan-Bassett and other small companies afloat. But it’s too late to save most of the industry; almost all the furniture-belt factories have already closed. But Vaughan-Bassett manages to soldier on under Mr. Bassett.<

See also:

http://www.nytimes.com/2014/09/02/opinion/joe-nocera-the-human-toll-of-offshoring.html?module=Search&mabReward=relbias%3Aw%2C%7B%221%22%3A%22RI%3A8%22%7D

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