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Washington Post Special Report: Breakaway Wealth

Discussion in 'Sports and News' started by YankeeFan, Jun 19, 2011.

  1. waterytart

    waterytart Active Member

    Every word true. Expect Elmo to shout at you.
     
  2. Point of Order

    Point of Order Active Member

    Tax 'em more.
     
  3. dooley_womack1

    dooley_womack1 Well-Known Member

    Sorry, 'tart, but as you can see, Elmoo's job has been outsourced
     
  4. waterytart

    waterytart Active Member

    My bad. JonnyD, expect "Peggy" to yell at you.
     
  5. CarltonBanks

    CarltonBanks New Member

    I hate it as much as the next guy. It's a problem that does not seem to have a solution as long as these third world countries are willing to work for so much less...

    At the same time we have to stop the ignorant things here that burden a company. The Boeing company that wants to build a plant in South Carolina is a perfect example. The National Labor Relations Board is going after them because they are closing a union shop and moving the plant to a right to work state...even though the union members want to decertify the union so they can keep their jobs. Why would the government get in the way of a company that wants to keep jobs in this country? So the new factory will not be a union shop...would Uncle Sam rather see the plant open in Cambodia or Uraguay (just being facetious...I have no idea if they have plans to eventually take it overseas if they cannot move to South Carolina). The problem, as always, is politics.

    I would love to see Detroit (or, for that matter, the Ford Plant my mother worked at as the payroll executive and I worked at on the line for a few years, which is now closed) become the Motor City again. I would love to see Pittsburgh and Cleveland cranking out steel. But it is not cost effective anymore, and the price of labor and the legacy union members is the main reason. Every General Motors car produced in Detroit has $2,500 worth of pension and retiree health care benefits attached to it. How can they compete with that? How can they actually make money when Toyota or Honda does not have to follow the same rules because they are built in right to work states?

    I don't hate unions...I just see how they are killing some American company's ability to compete. And I don't see how it can be fixed.
     
  6. Baron Scicluna

    Baron Scicluna Well-Known Member

    It can be fixed by making trade fair.

    Put tariffs enough imports so that it isn't more cost effective to have jobs overseas. Chinese companies sell to Chinese. American companies sell to Americans. If we, or they, want to sell to each other, use the other country's standards.

    Otherwise, what's the solution? Do we just economically surrender to China, and make workers earn $3 a day? Our economy would totally collapse.
     
  7. JonnyD

    JonnyD Member

    Everything you buy just got fantastically more expensive. You'll see significant amounts of inflation. Even things as simple as the personal computer will soon be out of reach of the lower-middle class.

    The solution is to be innovative enough as a country to create better jobs faster than the other ones can be outsourced.
     
  8. CarltonBanks

    CarltonBanks New Member

    Baron does have a good point, however, that we have to operate under trade rules other countries do not have to follow. And we have things like a minimum wage, OSHAA regulations and things of that ilk that put us at a disadvantage from the very beginning. What can be done about that?
     
  9. Azrael

    Azrael Well-Known Member

    Set the Wayback Machine for 1890, complete deregulation and the first Gilded Age!
     
  10. Stitch

    Stitch Active Member

    The best solution is free movement of goods and labor. Let's take those sweatshop jobs in China.
     
  11. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    There should be a salary cap.
     
  12. dixiehack

    dixiehack Well-Known Member

    Having already made points on one side of the argument, I do feel compelled to point out that a 90% marginal tax rate would be lunacy.

    That said, part of the reason Japanese car makers don't have legacy pension and healthcare costs built in is because the government back home takes care of such.
     
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