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Post by nautonnier on Feb 15, 2018 10:27:03 GMT
I can open a bar and sell .05 cent cocktails. Undoubtably I will re-shore every patron for miles and miles. I won't even have room for parking. I would use my credit card to pay for more booze. I would also create jobs and hire more bartenders and waitstaff. I would use cash advances from my credit card to pay the additional staff. I'm certain it would be the busiest bar in town. But eventually I would max out my cards and have to shut my doors. The key to running a successful bar (or country) is to find a drink price that is low enough to attract business but high enough to still pay the bills. The lower the overhead the cheaper I can charge for my drinks and still post a profit. Cutting taxes while increasing the budget is the fastback to bankruptcy. taxfoundation.org/does-lowering-taxes-increase-government-revenue/The US is IN bankruptcy. It is also in a global economy with politicians mantra being more globalism and totally free trade. Your ideas are to increase taxes further - increasing wage costs, and impose rigid austerity measures cutting all government programs. Watching manufacturing industry - the only way that you can increase the country's income - leave to countries with lower taxes and wage costs and sell back to the country using 'free trade' _increasing_ the country's debt. Oh dear more debt - INCREASE taxes again more austerity measures..... Oh now the despised rich people and companies are leaving the country too with all their investment - INCREASE taxes again that'll do it. This is happening at the state level now with New York, California and other high tax states losing the 1% that pay 60% of their tax revenue to Florida and Texas with no state income taxes but with consumption taxes. New York is running advertising pleading for industry to come back - and promising 10 year tax holidays if they do - admitting that it is tax that is driving industry out - as it was at the USA level. I think that if we were this far into a Hillary presidency we would be looking at going into a Venezuela level decline as detailed above. I admit that the current approach is risky but unless the USA gets manufacturing back in the country and exporting there will be a crash without any easy way to recover. Bankers may think they are clever inventing money - but they are parasites - it is only manufacturing, mining and farming producing things and selling abroad that will pay off debt. Anything _anything_ that inhibits the sales of this country's output abroad and/or encourages purchase of imports will increase the debt; that includes poor treaties and trade agreements as well as over regulation and unbalanced taxation policies. The correction of these policies is what I see happening.
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Post by Ratty on Feb 15, 2018 11:15:01 GMT
[ Snip ] Yes, what we lack is the stability. And that is a very important component. China has it. They commit to a project, and the commitment is long term where the businesses can count on it. The lack of long-term stability in the US creates an enormous risk factor. My earlier point was a limited example of what I experienced. Sample size = 2. Not large enough, but factual nonetheless. We have the same problem in Australia. It surprises me that anyone would ever want to invest here. Slightly related example: Our Labor opposition leader, campaigning for a by-election in Left- Green Victoria, opposed the Adani coal mine here in Queensland after previously supporting it, admittedly in a half-hearted fashion. Now .... Labor shouldn't toughen its stance on Adani coalmine, CFMEU head warns Interesting times ahead: the CFMEU is a powerful union.
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Post by glennkoks on Feb 15, 2018 13:04:31 GMT
I can open a bar and sell .05 cent cocktails. Undoubtably I will re-shore every patron for miles and miles. I won't even have room for parking. I would use my credit card to pay for more booze. I would also create jobs and hire more bartenders and waitstaff. I would use cash advances from my credit card to pay the additional staff. I'm certain it would be the busiest bar in town. But eventually I would max out my cards and have to shut my doors. The key to running a successful bar (or country) is to find a drink price that is low enough to attract business but high enough to still pay the bills. The lower the overhead the cheaper I can charge for my drinks and still post a profit. Cutting taxes while increasing the budget is the fastback to bankruptcy. taxfoundation.org/does-lowering-taxes-increase-government-revenue/The US is IN bankruptcy. It is also in a global economy with politicians mantra being more globalism and totally free trade. Your ideas are to increase taxes further - increasing wage costs, and impose rigid austerity measures cutting all government programs. Watching manufacturing industry - the only way that you can increase the country's income - leave to countries with lower taxes and wage costs and sell back to the country using 'free trade' _increasing_ the country's debt. Oh dear more debt - INCREASE taxes again more austerity measures..... Oh now the despised rich people and companies are leaving the country too with all their investment - INCREASE taxes again that'll do it. This is happening at the state level now with New York, California and other high tax states losing the 1% that pay 60% of their tax revenue to Florida and Texas with no state income taxes but with consumption taxes. New York is running advertising pleading for industry to come back - and promising 10 year tax holidays if they do - admitting that it is tax that is driving industry out - as it was at the USA level. I think that if we were this far into a Hillary presidency we would be looking at going into a Venezuela level decline as detailed above. I admit that the current approach is risky but unless the USA gets manufacturing back in the country and exporting there will be a crash without any easy way to recover. Bankers may think they are clever inventing money - but they are parasites - it is only manufacturing, mining and farming producing things and selling abroad that will pay off debt. Anything _anything_ that inhibits the sales of this country's output abroad and/or encourages purchase of imports will increase the debt; that includes poor treaties and trade agreements as well as over regulation and unbalanced taxation policies. The correction of these policies is what I see happening. First and foremost the U.S. is not in Bankruptcy and at the end of WWII our debt as a percentage of GDP was higher than it is now. So we have been here before. Secondly I never suggested to "increase taxes further" or impose rigid austerity measures. Those are your words not mine. All I suggest is a few simple measures. Put a cap on spending at current levels. Return taxes to say a 100 year average. In short get a hold of our finances, promote a positive business friendly climate and allow us to grow our way out of debt over a period of decades. Simple common sense solutions used by millions of households across the nation every day.
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Post by blustnmtn on Feb 18, 2018 12:27:44 GMT
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Post by sigurdur on Feb 18, 2018 16:24:59 GMT
www.wsj.com/articles/like-peter-thiel-others-feel-alienated-by-silicon-valley-groupthink-1518962400?mod=e2twI think the politics of San Francisco have gotten a little bit crazy,” said Tom McInerney, an angel investor who moved a decade ago to Los Angeles from the Bay Area. “The Trump election was super polarizing and it definitely illustrated—and Peter [Thiel] said this—how out of touch Silicon Valley was,” said Mr. McInerney, who describes himself as fiscally conservative, but socially liberal. Tim Ferriss, the tech investor and best-selling author of the “4 Hour Workweek,” moved to Austin, Texas, in December, after living in the Bay Area for 17 years, partly because he because he felt people there penalized anyone who didn’t conform to a hyper liberal credo.
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Post by Ratty on Feb 18, 2018 23:59:23 GMT
www.wsj.com/articles/like-peter-thiel-others-feel-alienated-by-silicon-valley-groupthink-1518962400?mod=e2twI think the politics of San Francisco have gotten a little bit crazy,” said Tom McInerney, an angel investor who moved a decade ago to Los Angeles from the Bay Area. “The Trump election was super polarizing and it definitely illustrated—and Peter [Thiel] said this—how out of touch Silicon Valley was,” said Mr. McInerney, who describes himself as fiscally conservative, but socially liberal. Tim Ferriss, the tech investor and best-selling author of the “4 Hour Workweek,” moved to Austin, Texas, in December, after living in the Bay Area for 17 years, partly because he because he felt people there penalized anyone who didn’t conform to a hyper liberal credo. Sounds like what I felt in school staff rooms all those years ago.
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Post by sigurdur on Feb 19, 2018 1:10:15 GMT
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Post by missouriboy on Feb 19, 2018 3:10:09 GMT
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Post by sigurdur on Feb 19, 2018 19:11:32 GMT
Seems this is a normal event?
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Post by nautonnier on Feb 20, 2018 19:24:49 GMT
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Post by missouriboy on Feb 21, 2018 18:24:58 GMT
Just one more reason we need that wall and serious enforcement of the border. Most of Central America has serious problems. And Mexico. I have traveled extensively there and like the Mexican people ... but, what happens in Mexico doesn't stay in Mexico. Think Chicago in the 1920s and 30s, but possibly worse. www.youtube.com/watch?v=Rz6t2FEablA
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Post by Ratty on Feb 22, 2018 3:46:37 GMT
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Post by Ratty on Feb 22, 2018 23:04:14 GMT
Can this be right? 16% -> 6%?
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Post by missouriboy on Feb 23, 2018 4:08:23 GMT
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Post by nautonnier on Feb 23, 2018 11:19:04 GMT
Can this be right? 16% -> 6%? Yes it's right and a similar drop for 'Hispanic' unemployment. In most States the figures are the lowest they've been since they started recording them.
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