Welcome to Political Fever - The Political Debate Forums.

You are currently viewing our boards as a guest with limited access. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. You can also take part in our Private Debates where you can test your skills against an opponent. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us. After you Register the advertisements will disappear on the site!

Go Back   Political Fever - The Political Debate Forums > Political Issues > Economics

Economics Discuss Economics here.

Reply
 
LinkBack Thread Tools Display Modes
  #61 (permalink)  
Old 06-25-2008, 06:08 PM
mkfffe's Avatar
Roman Archaeologist
 
Join Date: Dec 2007
Userid: 145
Location: Cleveland, OH
Posts: 854
Rep Power: 1
mkfffe is on a distinguished road
Default

Quote:
Originally Posted by xjoe3x View Post
I would say we could expect a higher surge into than we currently have out of. We will become the most tax beneficial country there is.
That is but a half-truth. Since we are no longer taxing income, companies make more profit, however because we are taxing sales the price (that's base price not final sales price which incorporates all taxes) to stay competitive will have to drop or other countries will still have the edge. If it costs $10 here to make one widget (that is including wages) it will cost 13-14 dollars after taxes (city/county (in some places)/state/federal). Now that same product might only cost $4 or maybe less to make in China making the final price 5-6 dollars. Why would the federal tax bring jobs back?
__________________
Non concupisces domum proximi tui; nec desiderabis uxorem eius, non servum, non ancillam, non bowem, non asinum, nec omnia quae illius sunt.
Reply With Quote
  #62 (permalink)  
Old 06-25-2008, 09:21 PM
xjoe3x's Avatar
Serae dubbs thee poo bear
 
Join Date: Dec 2007
Userid: 206
Age: 20
Posts: 6,086
Rep Power: 7
xjoe3x will become famous soon enough
Default

Quote:
Originally Posted by mkfffe View Post
That is but a half-truth. Since we are no longer taxing income, companies make more profit, however because we are taxing sales the price (that's base price not final sales price which incorporates all taxes) to stay competitive will have to drop or other countries will still have the edge. If it costs $10 here to make one widget (that is including wages) it will cost 13-14 dollars after taxes (city/county (in some places)/state/federal). Now that same product might only cost $4 or maybe less to make in China making the final price 5-6 dollars. Why would the federal tax bring jobs back?
Companies will have a large edge because of America's tax freedom. All imports will fall under the faritax. Exports on the other hand will not. Goods can leave tax free. Companies will place jobs here for that reason. Right now we have a tax disadvantage. It is against a companies best global interests to be based in America because it makes them less competitive. This will change that. Jobs will return and come here.

Even if the increase is smaller than expected why is that a problem? It is still an improvement.
Reply With Quote
  #63 (permalink)  
Old 06-25-2008, 09:49 PM
mkfffe's Avatar
Roman Archaeologist
 
Join Date: Dec 2007
Userid: 145
Location: Cleveland, OH
Posts: 854
Rep Power: 1
mkfffe is on a distinguished road
Default

Quote:
Originally Posted by xjoe3x View Post
Companies will have a large edge because of America's tax freedom. All imports will fall under the faritax. Exports on the other hand will not. Goods can leave tax free. Companies will place jobs here for that reason. Right now we have a tax disadvantage. It is against a companies best global interests to be based in America because it makes them less competitive. This will change that. Jobs will return and come here.

Even if the increase is smaller than expected why is that a problem? It is still an improvement.
The improvement gained will be minimal, especially looking at the jobs leaving. If only one thousand jobs came here I would be happy. Problem is it will be one thousand jobs coming and two thousand going. Exports right now are not taxed (just the wages required for shipping and making them are unlike imports where just the wages of shippers are taxed). Since the taxes will be the same on both imports and domestic products, people here will buy imports, and overseas because the dollar is weak and wages are high (even if it got stronger, it won't help much) the American product is still more expesive. I don't see this system working out the way you or it's designer see it.
__________________
Non concupisces domum proximi tui; nec desiderabis uxorem eius, non servum, non ancillam, non bowem, non asinum, nec omnia quae illius sunt.
Reply With Quote
  #64 (permalink)  
Old 06-25-2008, 09:54 PM
xjoe3x's Avatar
Serae dubbs thee poo bear
 
Join Date: Dec 2007
Userid: 206
Age: 20
Posts: 6,086
Rep Power: 7
xjoe3x will become famous soon enough
Default

Quote:
Originally Posted by mkfffe View Post
The improvement gained will be minimal, especially looking at the jobs leaving. If only one thousand jobs came here I would be happy. Problem is it will be one thousand jobs coming and two thousand going. Exports right now are not taxed (just the wages required for shipping and making them are unlike imports where just the wages of shippers are taxed). Since the taxes will be the same on both imports and domestic products, people here will buy imports, and overseas because the dollar is weak and wages are high (even if it got stronger, it won't help much) the American product is still more expesive. I don't see this system working out the way you or it's designer see it.
They are taxed. There are embedded taxes in them. There are also high compliance costs. America would be a tax haven and the place to be to compete. I think your estimate of the increase is low, but even so why not take the improvements over tha bad system we have now?
Reply With Quote
  #65 (permalink)  
Old 06-25-2008, 10:09 PM
Obama Supporter
 
Join Date: Feb 2008
Userid: 380
Location: San Francisco
Posts: 2,423
Rep Power: 3
mwillman is on a distinguished road
Default

Quote:
Originally Posted by xjoe3x View Post
They are taxed. There are embedded taxes in them. There are also high compliance costs. America would be a tax haven and the place to be to compete. I think your estimate of the increase is low, but even so why not take the improvements over tha bad system we have now?
Like others have said Labor costs far out weight taxes.
We might bring in more financial companies that like to play with money but don't build or produce anything but your not going to bring in jobs for most Americans becuase Americans wont work for 1.50 a day and the companies cant treat the workers like cattle unless of course they are undocumented workers that they had brought up from Mexico.
__________________
Walt Whitman
"I say that democracy can never prove itself beyond cavil, until it founds and luxuriantly grows its own forms of art, poems, schools, theology, displacing all that exists, or that has been produced anywhere in the past, under opposite influences."


Last edited by mwillman : 06-25-2008 at 10:22 PM.
Reply With Quote
  #66 (permalink)  
Old 06-25-2008, 10:24 PM
xjoe3x's Avatar
Serae dubbs thee poo bear
 
Join Date: Dec 2007
Userid: 206
Age: 20
Posts: 6,086
Rep Power: 7
xjoe3x will become famous soon enough
Default

Quote:
Originally Posted by mwillman View Post
Like others have said Labor costs far out weight taxes.
We might bring in more financial companies that like to play with money but don't build or produce anything but your not going to bring in jobs for most Americans becuase Americans wont work for 1.50 a day and the companies cant treat the workers like cattle unless of course they are undocumented workers that they had brought up for Mexico.
It will be a major improvement that will still end up keeping jobs here. Skilled jobs will end up coming here. Many jobs will come for the tax haven. I do not see the issue here. Either way we have an improvement from the current state.
Reply With Quote
  #67 (permalink)  
Old 06-25-2008, 10:27 PM
Obama Supporter
 
Join Date: Feb 2008
Userid: 380
Location: San Francisco
Posts: 2,423
Rep Power: 3
mwillman is on a distinguished road
Default

You keep saying that jobs would come here but you not really explaining why they will come.

Like we have said there will still be a large difference in labor costs between say china and here so even if taxes are cheaper it will still be cheaper to manufacture the stuff in china.
__________________
Walt Whitman
"I say that democracy can never prove itself beyond cavil, until it founds and luxuriantly grows its own forms of art, poems, schools, theology, displacing all that exists, or that has been produced anywhere in the past, under opposite influences."

Reply With Quote
  #68 (permalink)  
Old 06-25-2008, 10:31 PM
xjoe3x's Avatar
Serae dubbs thee poo bear
 
Join Date: Dec 2007
Userid: 206
Age: 20
Posts: 6,086
Rep Power: 7
xjoe3x will become famous soon enough
Default

Quote:
Originally Posted by mwillman View Post
You keep saying that jobs would come here but you not really explaining why they will come.

Like we have said there will still be a large difference in labor costs between say china and here so even if taxes are cheaper it will still be cheaper to manufacture the stuff in china.
Not all jobs can do cheap labor. Take software for example.
I explained in a previous post exporting would be tax free, unlike now.
That is a reason why we are losing jobs, not only are we preventing those jobs from leaving but getting jobs back by fixing the problem. We are allowing them to compete more effectively.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On






   PolitiPoll.net - Political Web Rankings    Top Political Sites  
All times are GMT -5. The time now is 04:50 PM.
Political Fever 2007/2008
   Word Search   |   Family Friendly   |   AdSense Forum   |   Game Cheats   |   Coupon Codes   |   Spore Game   |   Xcode Forum   |   Political Forums   |   Internet Marketing   |   Social Networking    |   Sudoku   |   Mobile Marketing   |   Web Forms   |   Articles & News   |   Loans & Credit Repair   |   Online Coupon Codes   |   Loans   |   Sudoku Puzzles   |   Map Games   |   Spore Screenshots