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Cydrome Leader

wrote:
On Fri, 05 Dec 2008 00:11:00 -0600, F. George McDuffee
wrote:

The automotive transplants, because they are making a profit, are
paying a reasonable share of the cost of running the government
at various levels through their *INCOME* taxes, while "Detroit,"
because they are producing cars at a loss, are not paying any
income tax, and indeed are generating large carry forward tax
losses which will offset future income tax payments (assuming
they ever earn any income).

Just let me step in here and make a comment. I have spent my entire
"career" (if you can call it that) working for various automotive
components suppliers......INCLUDING a stint at a tier 1 supplier to
the Honda, Toyota, Nissan "kiretsu" (might be spelled wrong...damn
Japanese translations).

If you think these assholes are over here paying income taxes, you are
sadly mistaken. While the actual end item suppliers may be paying
taxes, they have a whole supply chain they brought with them doing
some extremely underhanded stuff.

The company I worked for (which shall remain nameless because I have
LITIGATION pending against them) was doing this:

Purchase components at jacked up prices from the parent company in
Japan, assembly them with American workers here, sell the end item to
Honda, Toyota, Nissan "at cost" or often times below cost, PROFITS
TRANSFERRED HOME TO JAPAN IN COMPONENT PRICE.....report little or no
income to Uncle Sam.

Yeah....and the Big Three are competing on a "level playing field".
Give me a break. Until the IRS can actually figure out what these
clowns are up to and legally kick their asses, all you are doing when
buying a Japanese transplant car is subsidizing "social stability"
i.e., the "life time" employment practices of the Japanese corporate
structures.

Trust me on this...I've seen it in action. They keep two sets of books
and give "face" to Uncle Sam.

Unless you understand something about Japanese culture, you may or may
not be able to comprehend this stuff. "Social stability", the existing

wow, this sounds awful. I hate it when employees have stable jobs.