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Business, Economics, and Taxes: Capitalism. Yay? >=(

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ScoobyDoo said:
Caterpillar is moving to Texas. Cause, why wouldn't you? Better educated. Better workers. Better politics. Better everything.
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I mean, have you been to Pee-oria? ;-)

Countermeasures to discourage offshore tax inversions are easy enough, but there isn't really anything we can do about these sorts of moves within the US where states are free to set their own tax codes and companies and their workers are free to move elsewhere. A majority of workers want to live where the winters are milder and the cost of living is lower. *shrug*
 
aparch said:
Nah, they'll just ditch 'em both with no replacements. They get theirs, why should anyone else?
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Exactly. They will set a cut off date and forcibly privatize SSA with no payment guarantees for everyone under 50 on that date, while making us continue to pay for everyone 50+ who will still be entitled to guaranteed payments. Medicare will be cut off for younger age groups, or limited to the most basic preventative care while emergencies, hospital stays, specialist visits, etc. will be parceled out as additional coverage to be purchased like prescription coverage is today.
 
FadeToBlack&Gold said:
I mean, have you been to Pee-oria? ;-)

Countermeasures to discourage offshore tax inversions are easy enough, but there isn't really anything we can do about these sorts of moves within the US where states are free to set their own tax codes and companies and their workers are free to move elsewhere. A majority of workers want to live where the winters are milder and the cost of living is lower. *shrug*
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I'm sure they'll be thrilled when the winter storm comes and their workers are freezing to death and their plant is shutdown due to lack of power.
 
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FadeToBlack&Gold said:
Exactly. They will set a cut off date and forcibly privatize SSA with no payment guarantees for everyone under 50 on that date, while making us continue to pay for everyone 50+ who will still be entitled to guaranteed payments. Medicare will be cut off for younger age groups, or limited to the most basic preventative care while emergencies, hospital stays, specialist visits, etc. will be parceled out as additional coverage to be purchased like prescription coverage is today.
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Paying in our entire lives with no benefit- who wouldn’t vote for that
 
FadeToBlack&Gold said:
I mean, have you been to Pee-oria? ;-)

Countermeasures to discourage offshore tax inversions are easy enough, but there isn't really anything we can do about these sorts of moves within the US where states are free to set their own tax codes and companies and their workers are free to move elsewhere. A majority of workers want to live where the winters are milder and the cost of living is lower. *shrug*
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And lack of unionization, less requirements for certain benefits, favorable labor laws…
 
The US$ is ahead of just about every major currency on the planet of late (and in some cases seeing 5 year highs or better), and gas prices and inflation are up globally. Unfortunately this is a message nearly impossible to push to the masses which should be enough reason alone (never mind abortion, guns, the environment, voting rights, infrastructure, health care, SS, etc) to prevent major losses in November and yet here we are.
 
ScoobyDoo said:
I'm sure they'll be thrilled when the winter storm comes and their workers are freezing to death and their plant is shutdown due to lack of power.
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No, no, they're just moving the headquarters. Factories will remain in Illinois (for now until low demand pushes them to consolidate).

And honestly, moving to where they did was pretty stupid anyway. Lake County Illinois is more crooked than Cook County, and more of a pain in the a** to get to than downtown Chicago.
 
ScoobyDoo said:
I'm sure they'll be thrilled when the winter storm comes and their workers are freezing to death and their plant is shutdown due to lack of power.
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And in the summers, when even San Antonio is cooking in the heat, there’s nothing to worry about…

(Take a look at San Antonio’s temps compared to surrounding areas - shockingly lowe in years past. Not no more they ain’t.)
 
mookie1995 said:
Those made here (us)? Where?
mookie keeps reading even with the recent slowdown jhina is still pumping out full ships
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Lots of electrical stuff made in Mexico, Simple items like Breakers are months out, meter pans, months out, panel boards months out. If my supplier gets them its only part of the order. Stuff has been backordered since 2020.
 
walrus said:
Lots of electrical stuff made in Mexico, Simple items like Breakers are months out, meter pans, months out, panel boards months out. If my supplier gets them its only part of the order. Stuff has been backordered since 2020.
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All Biden's fault.

If only Mexico had re-elected Trump.
 
Musk Sued Over Doge Pyramid Scheme

Musk The Free Speech Revolutionary

At least five employees were fired by private rocket company SpaceX after drafting and circulating an open letter criticizing founder Elon Musk and calling on executives at the start-up to change the company’s work culture to make it more inclusive, according to two people familiar with the matter.

SpaceX did not immediately respond to a Reuters request for comment.
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Note: I am not saying he doesn't have the right to fire them...he of course does. But firing people criticizing him seems the antithesis of what he is whining about with Twitter. (and his new fascist friends)
 
https://www.politico.com/news/2022/0...-down-00039791

Apparently Crypto can't handle inflation. What a shame.

https://www.politico.com/news/2022/0...-down-00039791

Crypto’s growing influence in Washington is in danger of fading as the market collapses and the industry shrinks.

Coinbase, a publicly traded exchange and one of the largest global crypto marketplaces, slashed 18 percent of its workforce this week to brace for the slide. Billionaires Cameron and Tyler Winklevoss said they would lay off one-tenth of the workforce at their exchange. Even Crypto.com, which signed a $700 million deal to put its name on Los Angeles’s NBA arena just seven months ago, has cut 260 of its staff through “targeted reductions.”

Crypto’s growing influence in Washington is in danger of fading as the market collapses and the industry shrinks.
Coinbase, a publicly traded exchange and one of the largest global crypto marketplaces, slashed 18 percent of its workforce this week to brace for the slide. Billionaires Cameron and Tyler Winklevoss said they would lay off one-tenth of the workforce at their exchange. Even Crypto.com, which signed a $700 million deal to put its name on Los Angeles’s NBA arena just seven months ago, has cut 260 of its staff through “targeted reductions.”

“We grew too quickly,” Coinbase CEO Brian Armstrong wrote in a company blog post.
That could be said for the entire digital asset market, which has seen more than two-thirds of its value evaporate since peaking at $3 trillion last fall. As the Federal Reserve cranks up its campaign to rein in inflation, investors are dumping risky assets in anticipation of rising interest rates. Startups that soared during the two stimulus-fueled pandemic years have started to fall to earth.
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We really need an economy based on substance instead of fantasy. I am sick and tired of this fantasy crap.
 
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