Gunner Asch on Wed, 21 Sep 2011 02:08:58 -0700
typed in rec.crafts.metalworking the following:
On Wed, 21 Sep 2011 05:56:52 +0000 (UTC), (Edward A.
Falk) wrote:

In article ,
Steve B wrote:
Tax the rich. Tax the corporations. Take their wealth. Give it to the
little people. Make life fair.

Are these people so foolish to think these people and companies will not
relocate and I mean RIGHT NOW to third world countries to keep their wealth?

Taxes on the rich used to be much, much higher than they are now and
there was no mass relocation to 3rd world countries back then.

So where all the TV set makers here in the US? The Audio manufactures?
The machinery makers such as lathes and mills? Heavy equipment?
Automobiles? Die stamped puzzles? Toys? etc etc etc etc

Why is 50% of American manufacturing...gone to other lands?

One reason may be the economic uncertainty in the States. That is
one reason the Great Depression is hanging on so long - the "rule
change of the week" from the apparachniks in DC makes planning "long
term" a crap shoot.
But that is the recent four years. Before then - well,
regulations made it less expensive to move production overseas. E.G.
Remember the "Brat"? Because it was basically a truck, it was subject
to a lesser customs "fee". Same with the SUV - it replaced the
station wagons because station wagons were "cars" but SUVs are
"trucks". Big difference in how they apply to CAFE standards, excise
taxes, and the rest.
--
pyotr filipivich
We will drink no whiskey before its nine.
It's eight fifty eight. Close enough!