Posted by oldtanker on October 03, 2012 at 15:37:46 from (66.228.255.239):
In Reply to: Presidential debates posted by ED R on October 03, 2012 at 15:10:36:
Quoting Removed, click Modern View to see
You really believe that?
Lets say you and I both make TV's. You make yours here in the US and I make mine in China. Almost exactly the same. You are paying 10 bucks an hour average wage plus Workman's comp and bennies. I'm paying about 50 cents an hour. I can sell mine for 400 and make a profit but you have to sell yours for 800. The buying public is going to force you to move off shore to compete or I'm buying you out in a bankruptcy sale for pennies on the dollar. Add in the corperate taxes eveyone seems to think they should pay and you are going to drive more businesses out.
Wal Mart grosses about 7.5 billion a year but nets almost nothing. They spend that money in dividen payments to stock holders who SPEND that money and Wal Mart spends the rest on renovations and new stores. Just the renovations and new store keep a lot of construction guys in work. Plus the new stores hire more people. Now who created more new jobs, the government or big business. All those jobs pay taxes! Sense the end of WWII business has created more jobs than the government ever will.
Perfect example of what taxing businesses causes. Look at the companies like Tonka that left Mn in the 80's all because the state raised corporate taxes. There was a recession, the state refused to stop spending money, saw a way to get more money and lost it all in the moves. Tonka wasn't the only company to leave. Just how many jobs went with them? Some overseas/across borders because people thoguht that the companies should pay more.
Kinda like the "living wage" argument. Company gets forced to increase wages they have to increase the price of goods shipped accordingly. Wages go up 10% prices go up 10%. That extra money isn't buying the worker anything extra. Those prices don't go up it's because the company to be competitive had to outsource.
In the late 60's as part of the "war on poverty" minumum wages were doubled from .95 adn hour to 1.95 and over several years into the 70's. Then OH my! We had a recession. But I guess that had nothing to do with the inflation that that followed that raise in wages.
Mike Tyson said it best, "don't believe the hype".
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