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Thread: The Real Causes of Income Inequality

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by Blue Doggy View Post
    The repubs gave em tax breaks to move. The dems took em back, but this was before the pubs took the house in 2010. They may have those incentives again to help em out with the move.

    Of course thanatos would know nothing about this. His view of the world apparently comes from talk radio. And bumper stickers, of course.
    Are you sure you have your parties right?

    Republicans block ending offshore jobs tax breaks | Reuters

    "The companies this bill targets, by and large, aren't opening overseas subsidiaries to make products for Americans," Senate Republican Leader Mitch McConnell said. "They're moving overseas to serve foreign markets, in addition to the markets they already have in place here, and that creates jobs here in the United States."
    In a USA Today article, I see what you are talking about.

    At issue is the U.S. tax code's treatment of profits earned by foreign subsidiaries of American corporations. Profits earned in the United States are subject to the 35% corporate tax. But multinational corporations can defer paying U.S. taxes on their overseas profits until they return them to the USA — transfers that often don't happen for years. General Electric, for example, has $62 billion in "undistributed earnings" parked offshore, according to recent Securities and Exchange Commission filings. Drug giant Pfizer boasts $60 billion. ExxonMobil has $56 billion.
    So INSTEAD of penalizing companies for taking advantage of tax breaks how about LOWERING taxes on companies in the US so they WANT to stay here. Is that such a bad idea? Company A stays here, gets a tax incentive to manufacture here employees 1000 people and now we have 1000 people working and paying income taxes, not taking from welfare or unemployment but paying into the system. Win and Win. More production of products means more sold, more revenue generated all the way around.
    My guns wont be illegal, they will only be undocumented.
    I am male, white, straight, Christian, Conservative how else can I offend you today.

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    dnsmith is offline Secretary of Defense
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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    Wrong...no BUSINESS has that requirement.
    Neither does a country. That we CHOOSE to have a safety net which defines poverty and helps those who are poor, is a political issue, not an economic one and there is no requirement, only choice..
    A western civilization recognizes in it's morality the nonsense of that statement.
    Baloney!
    300,000 million at what cost to the US and what exactly IS middle class in India?
    Not much cost to the US; only some labor intensive jobs. The middle class in India is that 300 million set of people who have satisfied the basic needs and have begun to accumulate some of the nicer things of life beyond survival.
    Poverty compared to the US.
    We have been waiting for decades for this Asian society to catch up and it has been a dismal failure.
    We have no time for EVENTUALLY.
    We had better have time for eventually or it will be US who loses out. Better that we accept that they elevate their standards of living than we start to lose ours. In effect it is not a WE or THEY; as everyone either wins or everyone loses. I suggest you worry about what you have and stop worrying about what India or China has, because it can't be stopped.

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by Blue Doggy View Post
    India, the largest market on earth. Musical chairs. You take america's middle class, and move it to India, which will have a lower standard of living than america's middle class once had. Brilliant!
    I certainly don't want that! Why would you?

    All that this globalization is doing is pulling down western living standards and income to match the 3rd world nations. Brilliant! But that was the plan, and the intent, wasn't it?
    Nope, not at all. The idea is to elevate the life conditions for the 3rd world, not lower ours. But the important issue is, GLOBALIZATION IS HERE TO STAY and nothing anyone can do will stop it. We could close our borders to trade but all that would do is smother us, not stop globalization.

    Humanism is just another wasted effort. Any real humanistic improvement will only come when man is no longer what he is, and has been for several thousand years. If the inner man is unchanged, all of the humanism will amount to nothing. Only head in the cloud idealists would think differently. And expend energy in trying to change the outward. As long as the inward is corrupt, you are pissing in the wind. The inward will always be the outward.

    You guys are dangerous. You create more destruction that you gain in construction.
    Absolute baloney, effectively not sufficiently thought out to justify a response.

    I'd like to see things from your point of view, but I get my head that up your ass as yours is blocking the path.
    Last edited by dnsmith; 05-31-2012 at 08:59 AM.

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by michael h View Post
    Strange that nobody invests shit in these countries. They just move the jobs by access to Americas market. Their markets are built by raping the west of prosperity.
    I totally disagree Mike. If those jobs are not allowed to migrate where menial labor is less expensive, it will be the US who loses out in the long run. The fact is Globalization is not occurring because of the US. We are not capable of either causing or stopping globalization. It will occur IN SPITE of us, and the jobs which are in India or China would be there even if we all of a sudden imploded off the face of the earth. The other 5.7 billion people on earth would survive without us and the jobs will still be there. A huge quantity of the goods manufactured in India is consumed in India by their own new middle class. The very idea that WE are responsible for those jobs being done is the height of conceit. The sooner the US labor force recognizes that the better off they will be.

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    Re: The Real Causes of Income Inequality

    BTW Mike, I assume you are aware that most of the capital (money/jobs) shipped overseas is more a function of tax incidence than simply outsourcing to cheap labor.

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    Re: The Real Causes of Income Inequality

    If big business wanted tax breaks, they'd get them.
    Anyone who thinks otherwise is either a dunce or is naive beyond being allowed to vote.

    The Us doesn't need India or China.
    You know why I know this?
    What happened when the Soviet Union collapsed?
    Did Ronnie Raygun fulfill his promise to Russia that we would flood them with the riches of Capitalism and Democracy?
    Nope; we fvcked them by sticking with India and China and that's one of the reasons Putin always tells the US to fvk off.
    If we had Comparative Advantage with Russia and the Balkans we'd be much further along than we are now but we went for the Eastern mentality of GOOD QUARTERLY RESULTS and a crash.
    We need to trade with PEERS, not a regressive religion and a blood thirsty authoritarian government.
    MeadHallPirate likes this.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    If big business wanted tax breaks, they'd get them.
    Anyone who thinks otherwise is either a dunce or is naive beyond being allowed to vote.

    The Us doesn't need India or China.
    You know why I know this?
    What happened when the Soviet Union collapsed?
    Did Ronnie Raygun fulfill his promise to Russia that we would flood them with the riches of Capitalism and Democracy?
    Nope; we fvcked them by sticking with India and China and that's one of the reasons Putin always tells the US to fvk off.
    If we had Comparative Advantage with Russia and the Balkans we'd be much further along than we are now but we went for the Eastern mentality of GOOD QUARTERLY RESULTS and a crash.
    We need to trade with PEERS, not a regressive religion and a blood thirsty authoritarian government.
    Since you seem to hate the freedoms accorded to you in this country what keeps you here still?
    Moderates are not republicans

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by thanatos144 View Post
    Since you seem to hate the freedoms accorded to you in this country what keeps you here still?
    First of all, I am pretty happy that you didn't negate the truth of my post.

    Second of all, if the US collapses so does everyone else.
    It's our duty as Americans to fight for our country to thrive and be a beacon to the world without lowering it to everyone's level.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    If big business wanted tax breaks, they'd get them.
    Horse manure. You sound like you believe big business controls congress. It doesn't.
    Anyone who thinks otherwise is either a dunce or is naive beyond being allowed to vote.
    I'm glad to see you're not letting your education get in the way of your ignorance.

    The Us doesn't need India or China.
    Horse manure. The US needs the entire globe.
    You know why I know this?
    Actually you don't know that. You are just guessing and your guesses are not very good.
    What happened when the Soviet Union collapsed?
    Did Ronnie Raygun fulfill his promise to Russia that we would flood them with the riches of Capitalism and Democracy?
    Nope; we fvcked them by sticking with India and China and that's one of the reasons Putin always tells the US to fvk off.
    If you had a brain when you talk about those issues you'd take it out and play with it.
    If we had Comparative Advantage with Russia and the Balkans we'd be much further along than we are now but we went for the Eastern mentality of GOOD QUARTERLY RESULTS and a crash.
    Going east did not cause the crash. We did that to ourselves right here in the good old USA.
    We need to trade with PEERS, not a regressive religion and a blood thirsty authoritarian government.
    We do not have a choice now, nor did we ever have a choice and there is no way to stop or even slow down globalization even if the fools who want to do that try real hard.

    BTW, if you want to continue the dialog stop with the vulgar language.

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by dnsmith View Post
    Actually you don't know that. You are just guessing and your guesses are not very good.If you had a brain when you talk about those issues you'd take it out and play with it.Going east did not cause the crash. We did that to ourselves right here in the good old USA.We do not have a choice now, nor did we ever have a choice and there is no way to stop or even slow down globalization even if the fools who want to do that try real hard.
    Move back to India, Bill Gates says they need "smart" people like you
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    First of all, I am pretty happy that you didn't negate the truth of my post.
    He didn't have to. It was negated on arrival by virtue of its lack of sanity.

    Second of all, if the US collapses so does everyone else.
    It may be slow for a while, but the rest of the world will survive.
    It's our duty as Americans to fight for our country to thrive and be a beacon to the world without lowering it to everyone's level.
    Fight for our country for sure. Just don't try to destroy it by making foolish efforts to stop globalization.

    - - - Updated - - -

    Quote Originally Posted by USCitizen View Post
    Move back to India, Bill Gates says they need "smart" people like you
    Bill Gates wouldn't know me from Adam and I do quite well right here. You know why? I don't tilt at wind mills like you do Senor Don. In addition I am doing quite well on my modest retirement, buying what I need based on an economy which has lower prices because our leaders opted for a relatively free market globally. I intend to keep making good choices even if you didn't in your choice of occupation or place of domicile.

    If Americans believed as you do and tried to accomplish what you want to accomplish we would go back to the dark ages.
    Last edited by dnsmith; 05-31-2012 at 02:33 PM.

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    Re: The Real Causes of Income Inequality

    dns,
    How many times are you going to rant about me wanting to stop globalization?
    Find the posting where I protest globalization...I'll wait.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    dns,
    How many times are you going to rant about me wanting to stop globalization?
    Find the posting where I protest globalization...I'll wait.
    then is it racism then when you rant against India and China and Mexican workers?
    Moderates are not republicans

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by thanatos144 View Post
    then is it racism then when you rant against India and China and Mexican workers?
    Our mission is to do what Reagan spoke so eloquently of...Raise the world to our level by spreading Capitalism and Democracy.
    Why do Free Market maniacs have such a problem with Reagan's vision.
    Unless, of course, they knew he was a liar and was simply interested in helping out his Wall Street contributors; I hope not.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    dns,
    How many times are you going to rant about me wanting to stop globalization?
    I don't rant!
    Find the posting where I protest globalization...I'll wait.
    Every post you have made refers to globalization. Gee, if you are going to say something don't you think you need to at least know the subject you are discussing.

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