Tuesday, February 1, 2011

Re: The poor are not getting poorer

On Jan 31, 11:00 am, frankg <fran...@gmail.com> wrote:
I might agree with you on tariffs.

> You think increasing taxes on the wealthy will fix the problem?  

Lowering the taxes didn't seem to do anything.

> That
> might only make them speed up the migration of assets overseas,
> exacerbating the problem.

If they think some other country is better, Ok, bye bye.

> US corporate executives care only how the
> company stock is trading on Wall Street. How their actions affect
> their employees, or the country as a whole, is of no concern to them.

Yep. Bye bye.

> I'm no economist, but it seems to me that until we overhaul the
> existing trade system, which should include an import tariff like most
> other countries; until we start making corporations pay dearly for
> moving a job overseas and until we start making American made products
> both cost and quality competitive, our economy will continue to
> collapse. Increasing the taxes on the wealthy might be a 'feel-good'
> tactic to those who are not wealthy, but it will do nothing to correct
> the current crisis we are in.

Of course they won't because the only thing that will in your mind is
lower taxes... the same lower taxes that didn't create any jobs
before.

It doesn't matter if there's zero taxes, they still couldn't compete
with countries that have $1 a day workers and $10 a day managers.

Until they address the problem of a grossly over-paid management,
nothing will change.
Until then, you'll just have to keep blaming the unemployed, the poor,
the hungry, the indigent, those with poor health, Social Security,
unions, and all the other things Republitards typically put blame on.

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