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Weaving the Strands: Business, Economics, and Tax Policy 2.0

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Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Nice concept, but first we have to change the law making it illegal to export oil produced inside the USA.

I believe that would require a change to the Constitution, unless that only affects taxation.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

In Fish's mind, the War on Poverty hurt the poor because suddenly everybody was talking about the poor. Before the War on Poverty there were no poor people, just "temporarily embarrassed millionaires."

It's like the Torture report. The shame isn't the facts in the report, it's the reporting itself. Talking about our poverty EMBOLDENS our poverty!!!

I think we all know what Fishy desperately needs, so no need to rehash that. ;)

However, wealth gap is a direct result of decline of manufacturing in this country. Those jobs over the last 40 years have been replaced with jobs that 1) pay less, 2) have no benefits, and 3) have no retirement. As The Rover Manifesto points out, this needs to be fixed or the have/have not gap will continue to grow. Fortunately I included some helpful solutions in my publication. :D
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Can't fix manufacturing unless you fix the costs. Americans cost a lot. Southeast Asia doesn't.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Can't fix manufacturing unless you fix the costs. Americans cost a lot. Southeast Asia doesn't.

Buy the Manifesto as I don't give away my genius for free, however China costs are reaching parity with the US. Now some manufacturing can relocate from there to Myanmar and other lovely places, but at some point it costs you too much to keep relocating.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Can't fix manufacturing unless you fix the costs. Americans cost a lot. Southeast Asia doesn't.

Much of manufacturing is going robotic in the US anyway. Plants hire way less people than they used to to produce the same amount of goods.

Costs have curbed because of robotics, shipping costs, and language barriers. Much of manufacturing is coming back.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

I buy electrical fittings from a company called Killark. They just moved production of mallable(iron) fittings back to the US for cost reasons. Apparently they want to run 3 shifts a day 7 days a week and they can't. Why, they can't get the employees to do it. As a result, no mallable fittings available I have to buy aluminum from China. I doubt its a glamour profession, lots of molten iron, dirty, hot but I'm sure the wages are pretty good and probably union. No takers. I wouldn't be shocked if they moved it back overseas
 
I buy electrical fittings from a company called Killark. They just moved production of mallable(iron) fittings back to the US for cost reasons. Apparently they want to run 3 shifts a day 7 days a week and they can't. Why, they can't get the employees to do it. As a result, no mallable fittings available I have to buy aluminum from China. I doubt its a glamour profession, lots of molten iron, dirty, hot but I'm sure the wages are pretty good and probably union. No takers. I wouldn't be shocked if they moved it back overseas
Wanting to run 3 shifts a day, 7 days a week they probably had trouble finding enough quality people to fill the necessary positions. Really strains your hiring pool by a) having a hazardous working environment and b) having them work weekends .

I also have doubts it was union, depends on location.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

This person basically climbed inside my head to write this piece. I was hoping the writer would also mention that Hayek, for all the masturbating libertarians do to his work, was far more complicated and interesting than they, and had redistributionist sympathies. (BTW, another von Misean hero who was far more intelligent and odd than the pygmy Rothbardian cultists who bow and scrape to their warped and simplistic image of him is Bastiat, though in his case much of the brilliance is pretty creepy.) Pure laissez-faire, like pure communism, belongs in the dustbin of history.

But in any case, a solid 10,000 foot view rebuttal of the bromides and inanities we see peddled here everyday by the Randian subliterates.
 
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Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

From that liberal newsrag, the WSJ:

http://www.wsj.com/articles/u-s-third-quarter-gdp-revised-up-to-5-0-growth-1419341481

Economy growing at 5%! Hey knuckledraggers, why is it that when Dems are running things the economy is always improving, while when Republicans are in office it goes right into the *****ter? Coincidence? I think not. Say, if we'd elected Romney and borrowed 7T to pass tax cuts for GOP campaign contributors, do you really think we'd be doing better than this?
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

From that liberal newsrag, the WSJ:

http://www.wsj.com/articles/u-s-third-quarter-gdp-revised-up-to-5-0-growth-1419341481

Economy growing at 5%! Hey knuckledraggers, why is it that when Dems are running things the economy is always improving, while when Republicans are in office it goes right into the *****ter? Coincidence? I think not. Say, if we'd elected Romney and borrowed 7T to pass tax cuts for GOP campaign contributors, do you really think we'd be doing better than this?

And how much of that, would you say, is attributed to inflation? I'd say quite a bit of it.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

You mean the absence of inflation??? :confused:

Absence my butt. All it took for your metrics to rise is the Federal Reserve to say they are continuing their policy of easy money by using the word "patient" in their recent address. Everything has lost real value, but the number has been propped up by means of inflation.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Funny how there's no inflation when libs talk about GDP growth, but when discussing wages (minimum or otherwise), we have a crises on our hands because they're stagnated or even falling relative to inflation...
 
Funny how there's no inflation when libs talk about GDP growth, but when discussing wages (minimum or otherwise), we have a crises on our hands because they're stagnated or even falling relative to inflation...

Real GDP means it's inflation adjusted (that's what "real" means in economic parlance). Real wages are also inflation adjusted. I don't think it's disingenuous to point out that real GDP is increasing at a time when real wages are stagnating, and ask why that's the case.
 
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Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Here's another area for discussion and forgive me for not reading back, but skills wise, we are hurting. We have tons of students in our masters and PhD programs from other countries, but not so many from here. In the long run its got to hurt us, No?
 
Here's another area for discussion and forgive me for not reading back, but skills wise, we are hurting. We have tons of students in our masters and PhD programs from other countries, but not so many from here. In the long run its got to hurt us, No?

Yes. And when we hire foreign nationals in our R&D departments, who are they really working for?
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Funny how there's no inflation when libs talk about GDP growth, but when discussing wages (minimum or otherwise), we have a crises on our hands because they're stagnated or even falling relative to inflation...

The Fed went into panic mode because they weren't going to be able to force inflation upon us (at least 2% according to them, but I'm sure they wouldn't mind more), and so they decided to keep borrowing rates between banks low in order to make money easy.

Is it any wonder why people don't turn to banks for loans, and instead go to places like Lending Club (which recently became publicly traded)?
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Here's another area for discussion and forgive me for not reading back, but skills wise, we are hurting. We have tons of students in our masters and PhD programs from other countries, but not so many from here. In the long run its got to hurt us, No?

Let's consider a few things. First, cost. Schooling is expensive, and many masters/PhD students are relying on research grants to fund the schooling, while overseas folk are bringing money with them. Not much else to delve into when cash is involved.

Second, employment desirability. Typically, those with higher education are going to demand more money because of higher skills, and in the case of Fortune 500's and other large companies where pay scales are set by Vice Presidents in accordance with a skill set rubric, will have to start higher, and many people in hiring positions don't want to hire them because the amount of education vs. work experience is very imbalanced. Obviously, in some cases, co-ops are involved, which helps matters, but even self-projects to include in a portfolio are helpful, as it helps to show that you're able to execute the concepts you've learned.

Third, we can't discuss hiring foreign nationals without delving into affirmative action. Many places are still using informal quotas (i.e. nothing rigid) in hiring in order to appear as "not racist". Sure, they'll say that they're equal opportunity employers that hire without regard to race, gender, national origin, and whatever other classification you want to include, but that will be manipulated by casually moving certain groups to the front of the line for interviews, but still feel that they're within EEO because the candidates are still in the pool. Obviously you're going to have "bad fish" to weed out during an interview process, but having had to go through that sort of thing on both sides, pushing people to the front because of these classifications, but finding that they don't possess the execution skills, frustrates employers in terms of not only time waste, but not being able to find what we desire.

Fourth, we should also bring up values. What percentage of Americans, would you say, have some sense, even in the slightest, of entitlement when it comes to their country, state, or even county? And believe me, socialism does not help with remedying this at all, in fact it provokes it. Am I saying that other countries don't have this? No. What I am saying, though, is that people that are willing to place the effort to better their lives are moving to other areas, even other nations, in order to achieve this. This is why, when I recently posted my ideas for welfare reform, that I included a clause about a national search for employment. Canada is doing something very similar, trying to push its immigrants-by-refugee out of Ontario and into places with higher demand, such as Alberta.
 
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