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Lester Holt Shilled for Hillary Clinton at First Debate

lagrangepoint

Posted 5:14 pm, 09/27/2016

"There is no doubt that corporate taxes within our country are not competitive with those countries taking our manufacturing jobs."


Well this is where you would be wrong so would Trump. Ok first off we have a high statutory rate this is true however the effective tax rate is about 27% on average. Effective tax rates are what are actually paid not the statutory rate. And if you delve deeper and look at the effective tax rates for those businesses moving jobs overseas it gets worse. They pay an effective rate of less than 15% sometimes having an effective tax rate of zero.

Why is this important? Well in a lot of places they are relocating for example China the tax rate for most is 25% a few industry's do get a special 15% tax rate.
You can see the problem with the tax competitiveness argument at this point I hope. By and large those businesses who move overseas end up paying more in taxes not less. If taxes where the driving force here we would expect to see businesses overseas relocating to the United States and in fact we do see a growth in Chinese owned tech firms moving to the United States and the primary reason for this is that they end up paying lower taxes.

So why do businesses move to places like China in reality?

There are 3 primary reasons.

First is the wage gap. Take a typical american manufacturing job pay of around $10 an hour. In China that same worker costs 10 cents an hour (not actual figures but they provide a rough ball park). They can get away with this because of a number of things China engages in that extremely subsidize and control the price of food housing health care etc. These things greatly lower the cost of living in China even before you take into account their intentional devaluation of their currency.

Next is safety. In the United States we expect and require manufactures to take basic safety precautions to protect workers. Not doing so can open up employers to government fines and civil lawsuits. Places like China frankly don't care it's not like they have a shortage of people or anything so what if workers die needlessly because a company wanted to save a few dollars. And that savings adds up.

And finally environmental rules. A basic rule of thumb for business in the United States if your manufacturing process produces harmful waste products the manufacture is responsible for the proper storage treatment and disposal of those waste products. In places like China they are free to dump their waste anywhere and under no responsibility to operate cleanly and efficiently. This allows for higher short term profits though it sacrifices longer term gains in the process and turns the area around these facility's into a toxic dump.

These are the main reasons business are relocating to China not because of taxes.

springtime123

Posted 5:09 pm, 09/27/2016

Trump made a statement about off shore accounts. He said they were there because the money couldn't be brought back into the country. That is total bullwacky. The money can be brought back into the country, the rich just has to pay taxes on it. What Trump is saying is he wants to bring his off shore funds back but without having to pay taxes on it.

Mtnpirate

Posted 5:06 pm, 09/27/2016

I've always been and continue to be a proponent for education. However, relative to jobs, over 70% of all public sector jobs are generated by "corporations". Small business owners, like corporations, are also being constrained by excessive regulations imposed on them by our government.

hangsleft

Posted 4:55 pm, 09/27/2016

I'm not going to pull a Conny and ask for a translation.

It's been proven trickle down does not work. It's only temporary. It's like building a house, start with the foundation. And that's education. Then the frame and that's small business, help them and then the roof, major corporations. If you start with the roof then there's a lot that will have to be held up and nothing there to do the holding.

Sparklin

Posted 4:40 pm, 09/27/2016

The keft wouldn't be satisfied if the wealthy oaid 99% taxes. What they want is a French style Revolution.

mtnpirate

Posted 4:38 pm, 09/27/2016

The tax discussed last night (that Trump did not do a good job clarifying) involved corporate taxes, not simply "tax cuts for the wealthy" as the left clearly wants people to believe. There is no doubt that corporate taxes within our country are not competitive with those countries taking our manufacturing jobs. Returning a profit to investors is the KEY purpose of any corporation. If they cannot generate a reasonable profit in the US where corporate taxes and government regulations are noncompetitive, they will relocate. Furniture, Textiles, Automobiles, etc., etc., are only examples. If taxes and excessive regulations can be reduced, companies and corporations (with all the jobs they provide) will once again be attracted instead of repelled. Making America more competitive by reducing the corporate tax rate is the real issue at hand.

lagrangepoint

Posted 4:16 pm, 09/27/2016

"People heard only what they "wanted to hear" "


This is becoming an increasing problem in this nation. I pay attention to what I call verifiable statistics things that one provide raw numbers and 2 have been reviewed many times by many different groups and often I see them reach the same conclusions.

But then you have the one off sometimes these are politically motivated sometimes they are just poorly done and I will be blunt this happens on the right more than the left not to say the left is totally immune the debate on GMO food comes to mind for example.

People need to be skeptical. I remember a time when the Republican party was not opposed to facts and today it seems highly opposed to facts. And I see that starting to spread now into democrats as well.

Lets take the core of Donald Trumps economics for example it really boils down to more money for the wealthy like him and then we will see more jobs. If this was even remotely true where are these jobs? The share of taxes paid at the top are near historic lows by any metric you want to use where are the jobs? The share of wealth at the top is at a historic high by any measure you want to use where at the jobs? These ideas fail and have been proven to fail. Do people assume because Obama is president suddenly taxes on the wealthy are higher than ever or something? Because its clearly measurably not the case.

Donald likes to attack trade policy's as the other reason and declare that hes going to tax goods coming in how many American jobs depend on exports? According to the chamber of commerce it's about 50 million. Yes we have a trade deficit yes we need to do things to shrink it but in a trade war to be blunt we loose. Those 50 million jobs largely gone and what we stand to gain would never replace them.

I could go on for hours about all the problems with Trump on the economy but it won't convince anyone on here because all people seem to care about are simple slogans well simple slogans don't solve complex real world problems.

Hot Mess

Posted 3:56 pm, 09/27/2016

Lester Holt needs to stick to Dateline episodes.

hangsleft

Posted 3:55 pm, 09/27/2016

Here is a big ole lie.

"Per the Hatch Act, federal agencies are prohibited from engaging in partisan political activity including the endorsement of any candidate for office," said ICE spokeswoman Sarah Rodriguez. "U.S. Immigration and Customs Enforcement has not and will not endorse any candidate for office."

http://www.thedailybeast.co...trump.html

Mtnpirate

Posted 3:40 pm, 09/27/2016

Last night's "debate" was little more than a clown show! Absolutely nothing of substance was brought forth by either candidate. No minds were changed based upon this showing. People heard only what they "wanted to hear". The only issue that remains is . . . Do you vote for Hillary and maintain the current direction of our country or Do you vote for Trump and hope for a different direction?

Ole Sarge

Posted 3:22 pm, 09/27/2016

I believe she will cancel the third debate. Chance of her being confronted with the truth without a media bailout.

hangsleft

Posted 3:22 pm, 09/27/2016

If you say so lush.

~glitter and glamour~

Posted 3:16 pm, 09/27/2016

"I guess just like calling her a lush was a term of endearment, saying you were beginning to warm up to her was what? It's reverse day."

Sarcasm....this was meant as sarcasm, doll. I know you're tender and sometimes misunderstand.

Ole Sarge

Posted 2:35 pm, 09/27/2016

What a mindset

Hot Mess

Posted 2:34 pm, 09/27/2016

I'd hate to be Bill the night of the election when the old girl loses. She's going to give him ****.

Cajahah

Posted 2:34 pm, 09/27/2016

Yea.....getting caught saying that under your breath is quite different than stating in during a presidential rally.

hangsleft

Posted 2:33 pm, 09/27/2016

I guess just like calling her a lush was a term of endearment, saying you were beginning to warm up to her was what? It's reverse day.

Ole Sarge

Posted 2:32 pm, 09/27/2016

Don't guess you have heard these kind words of compassion coming from Hillary have you?



"When are they going to get those f—ing ree-tards out of here?!"

Those are said to be the infamous words of Hillary Clinton – also known as Arkansas' "Mother of the Year" in 1984 – when Hillary reportedly grew frustrated that handicapped children weren't collecting their Easter eggs quickly enough on the lawn of the Arkansas governor's mansion


You can google it if you like. Numerous sources

Cajahah

Posted 2:32 pm, 09/27/2016

Well calling her classless when she stood beside him.


Is blindly hurling insults.

hangsleft

Posted 2:31 pm, 09/27/2016

~glitter and glamour~ (view profile)

Posted 1:50 pm, 09/27/2016

Actually, I'm beginning to warm up to the 'ol girl. Sounds like she knows how to have fun!

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