Founder Of Reaganomics Says That “Without A Revolution, Americans Are History”

[permabear]

[quote=ltokuda]
My view is that greed rules. The reason why investment banks are NOT self-regulating is because they are comprised of individuals. A single fund manager would gladly see his firm go bankrupt if he could pocket a billion dollars in the process. An employee acting in his own self interest doesn’t mean he’s doing what’s best for the company. A company needs to make sure that the incentives of the employees are in line with its own well being.

Likewise, a business will gladly undermine America’s economy if the incentives were large enough. That’s just the way it is. So it is up to America to create an economic policy which aligns business interests with America’s interests. Unfortunately, these days, it seems like America is corporate owned so I’m not too hopeful that things will change for the better.
[/quote]

Bingo.

That’s one interesting idea from the article, which I hadn’t seen before. Let’s use our tax structure to promote American workers. But unless done correctly, this could backfire as well. After all, the few remaining American workers are on Wall Street. Which means the big banks would get huge tax incentives.

Eeek.

[desmond]

As soon as I saw this topic I went to Bass Pro Shop to load up on ammo and cammo gear. I could not wait to get back and read the following responses on where everybody was going to meet and plan the revolution…. Oh well, maybe we can all meet for coffee and everybody can bring some charts and strong opinions.

[desmond]

As soon as I saw this topic I went to Bass Pro Shop to load up on ammo and cammo gear. I could not wait to get back and read the following responses on where everybody was going to meet and plan the revolution…. Oh well, maybe we can all meet for coffee and everybody can bring some charts and strong opinions.

[desmond]

As soon as I saw this topic I went to Bass Pro Shop to load up on ammo and cammo gear. I could not wait to get back and read the following responses on where everybody was going to meet and plan the revolution…. Oh well, maybe we can all meet for coffee and everybody can bring some charts and strong opinions.

[desmond]

As soon as I saw this topic I went to Bass Pro Shop to load up on ammo and cammo gear. I could not wait to get back and read the following responses on where everybody was going to meet and plan the revolution…. Oh well, maybe we can all meet for coffee and everybody can bring some charts and strong opinions.

[desmond]

As soon as I saw this topic I went to Bass Pro Shop to load up on ammo and cammo gear. I could not wait to get back and read the following responses on where everybody was going to meet and plan the revolution…. Oh well, maybe we can all meet for coffee and everybody can bring some charts and strong opinions.

[SD Realtor]

Actually Arraya was correct. An inevitable outcome of capitalism is such that the drive for profits will take no prisoners. The bottom line will always search for the labor force that is the cheapest and globalization fed that drive. Unions are not a bad thing and I think serve a useful purpose. However if there is a labor force that will work for a much lower wage due to a lower standard of living then the unionized labor force then who is at fault here? Pure capitalism dictates you follow the margin and go to the lower salaried work force dont you? Shouldn’t you?

I don’t think there is anyone who is more pro free markets and pro capitalism then me. However pure capitalism has drawbacks and this is one of them. It is a very hard dilema to resolve. CAR I agree with alot of your points and yes I guess placing hefty tax burdens on corps who outsource and manufacture overseas is a POSSIBLE solution. However when does it become protectionist? So if USA company makes a widget overseas for 5 bucks and can sell it in the USA for 20 bucks you say tax the hell out of them for making it overseas correct? Effectively force them to make a decision to continue to make it overseas for 5 bucks, then tax them another 10 bucks for doing that so the profit is only 5 bucks. Or dont tax them if they make it in the USA for 13 bucks so the profit is 7 bucks. So what about the cost of the company to retool back in the USA and all the costs associated with USA employment? Also what about foreign company X who will make the same widget offshore for that same 5 bucks and send it to the USA and undercut the USA company who you effectively forced to stay here? Do you put huge tarrifs on those foreign companies? Do you really think those foreign govts won’t start doing the same thing?

I don’t really have or know of a good solution. It is to f’d up right now. However those who say we can bring back American jobs and bring them back immediately I think are full of it.

Tough problem to solve.

[SD Realtor]

Actually Arraya was correct. An inevitable outcome of capitalism is such that the drive for profits will take no prisoners. The bottom line will always search for the labor force that is the cheapest and globalization fed that drive. Unions are not a bad thing and I think serve a useful purpose. However if there is a labor force that will work for a much lower wage due to a lower standard of living then the unionized labor force then who is at fault here? Pure capitalism dictates you follow the margin and go to the lower salaried work force dont you? Shouldn’t you?

I don’t think there is anyone who is more pro free markets and pro capitalism then me. However pure capitalism has drawbacks and this is one of them. It is a very hard dilema to resolve. CAR I agree with alot of your points and yes I guess placing hefty tax burdens on corps who outsource and manufacture overseas is a POSSIBLE solution. However when does it become protectionist? So if USA company makes a widget overseas for 5 bucks and can sell it in the USA for 20 bucks you say tax the hell out of them for making it overseas correct? Effectively force them to make a decision to continue to make it overseas for 5 bucks, then tax them another 10 bucks for doing that so the profit is only 5 bucks. Or dont tax them if they make it in the USA for 13 bucks so the profit is 7 bucks. So what about the cost of the company to retool back in the USA and all the costs associated with USA employment? Also what about foreign company X who will make the same widget offshore for that same 5 bucks and send it to the USA and undercut the USA company who you effectively forced to stay here? Do you put huge tarrifs on those foreign companies? Do you really think those foreign govts won’t start doing the same thing?

I don’t really have or know of a good solution. It is to f’d up right now. However those who say we can bring back American jobs and bring them back immediately I think are full of it.

Tough problem to solve.

[SD Realtor]

Actually Arraya was correct. An inevitable outcome of capitalism is such that the drive for profits will take no prisoners. The bottom line will always search for the labor force that is the cheapest and globalization fed that drive. Unions are not a bad thing and I think serve a useful purpose. However if there is a labor force that will work for a much lower wage due to a lower standard of living then the unionized labor force then who is at fault here? Pure capitalism dictates you follow the margin and go to the lower salaried work force dont you? Shouldn’t you?

I don’t think there is anyone who is more pro free markets and pro capitalism then me. However pure capitalism has drawbacks and this is one of them. It is a very hard dilema to resolve. CAR I agree with alot of your points and yes I guess placing hefty tax burdens on corps who outsource and manufacture overseas is a POSSIBLE solution. However when does it become protectionist? So if USA company makes a widget overseas for 5 bucks and can sell it in the USA for 20 bucks you say tax the hell out of them for making it overseas correct? Effectively force them to make a decision to continue to make it overseas for 5 bucks, then tax them another 10 bucks for doing that so the profit is only 5 bucks. Or dont tax them if they make it in the USA for 13 bucks so the profit is 7 bucks. So what about the cost of the company to retool back in the USA and all the costs associated with USA employment? Also what about foreign company X who will make the same widget offshore for that same 5 bucks and send it to the USA and undercut the USA company who you effectively forced to stay here? Do you put huge tarrifs on those foreign companies? Do you really think those foreign govts won’t start doing the same thing?

I don’t really have or know of a good solution. It is to f’d up right now. However those who say we can bring back American jobs and bring them back immediately I think are full of it.

Tough problem to solve.

[SD Realtor]

Actually Arraya was correct. An inevitable outcome of capitalism is such that the drive for profits will take no prisoners. The bottom line will always search for the labor force that is the cheapest and globalization fed that drive. Unions are not a bad thing and I think serve a useful purpose. However if there is a labor force that will work for a much lower wage due to a lower standard of living then the unionized labor force then who is at fault here? Pure capitalism dictates you follow the margin and go to the lower salaried work force dont you? Shouldn’t you?

I don’t think there is anyone who is more pro free markets and pro capitalism then me. However pure capitalism has drawbacks and this is one of them. It is a very hard dilema to resolve. CAR I agree with alot of your points and yes I guess placing hefty tax burdens on corps who outsource and manufacture overseas is a POSSIBLE solution. However when does it become protectionist? So if USA company makes a widget overseas for 5 bucks and can sell it in the USA for 20 bucks you say tax the hell out of them for making it overseas correct? Effectively force them to make a decision to continue to make it overseas for 5 bucks, then tax them another 10 bucks for doing that so the profit is only 5 bucks. Or dont tax them if they make it in the USA for 13 bucks so the profit is 7 bucks. So what about the cost of the company to retool back in the USA and all the costs associated with USA employment? Also what about foreign company X who will make the same widget offshore for that same 5 bucks and send it to the USA and undercut the USA company who you effectively forced to stay here? Do you put huge tarrifs on those foreign companies? Do you really think those foreign govts won’t start doing the same thing?

I don’t really have or know of a good solution. It is to f’d up right now. However those who say we can bring back American jobs and bring them back immediately I think are full of it.

Tough problem to solve.

[SD Realtor]

Actually Arraya was correct. An inevitable outcome of capitalism is such that the drive for profits will take no prisoners. The bottom line will always search for the labor force that is the cheapest and globalization fed that drive. Unions are not a bad thing and I think serve a useful purpose. However if there is a labor force that will work for a much lower wage due to a lower standard of living then the unionized labor force then who is at fault here? Pure capitalism dictates you follow the margin and go to the lower salaried work force dont you? Shouldn’t you?

I don’t think there is anyone who is more pro free markets and pro capitalism then me. However pure capitalism has drawbacks and this is one of them. It is a very hard dilema to resolve. CAR I agree with alot of your points and yes I guess placing hefty tax burdens on corps who outsource and manufacture overseas is a POSSIBLE solution. However when does it become protectionist? So if USA company makes a widget overseas for 5 bucks and can sell it in the USA for 20 bucks you say tax the hell out of them for making it overseas correct? Effectively force them to make a decision to continue to make it overseas for 5 bucks, then tax them another 10 bucks for doing that so the profit is only 5 bucks. Or dont tax them if they make it in the USA for 13 bucks so the profit is 7 bucks. So what about the cost of the company to retool back in the USA and all the costs associated with USA employment? Also what about foreign company X who will make the same widget offshore for that same 5 bucks and send it to the USA and undercut the USA company who you effectively forced to stay here? Do you put huge tarrifs on those foreign companies? Do you really think those foreign govts won’t start doing the same thing?

I don’t really have or know of a good solution. It is to f’d up right now. However those who say we can bring back American jobs and bring them back immediately I think are full of it.

Tough problem to solve.

[stockstradr]

sjk, Thank you for posting the link to that very well-written article

[stockstradr]

sjk, Thank you for posting the link to that very well-written article

[stockstradr]

sjk, Thank you for posting the link to that very well-written article

[stockstradr]

sjk, Thank you for posting the link to that very well-written article

[Author]

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