Gunner Asch on Wed, 21 Sep 2011 17:01:07 -0700
typed in rec.crafts.metalworking the following:
On Wed, 21 Sep 2011 10:11:41 -0500, Ignoramus17765
wrote:

On 2011-09-21, Gunner Asch wrote:
On Wed, 21 Sep 2011 19:04:14 +0700, john B.
wrote:

On Wed, 21 Sep 2011 02:08:58 -0700, Gunner Asch
wrote:

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?

Hummm?

Gunner

I doubt that it is taxes, per se, but rather the entire cost of doing
business. Tax, labour and material costs, plant and equipment, and so
on.


And what makes up those costs? Think hard before answering.....

Income taxes do not add to costs, they tax profits.

Income taxes..you seem to be leaving out property taxes, fees etc etc
etc

You do remember that there are other things besides income taxes..right?
And of course if Joe isnt working much..he doesnt have much money to
spend..right? And if he cant afford to buy something..the people that
make that something, lose Joe as a buyer...so they dont make the money
from Joe....etc etc etc

From Peter Schiff's prepared remarks to Congress. Schiff is the
CEO of Euro Pacific Capital.:

"In my own business, securities regulations have prohibited me
from hiring brokers for more than three years. I was even fined
fifteen thousand dollar expressly for hiring too many brokers in 2008.
In the process I incurred more than $500,000 in legal bills to
mitigate a more severe regulatory outcome as a result of hiring too
many workers. I have also been prohibited from opening up additional
offices. I had a major expansion plan that would have resulted in my
creating hundreds of additional jobs. Regulations have forced me to
put those jobs on hold."

http://www.realclearpolitics.com/vid... y_people.html
== end quote ==

A company is fined for hiring too many workers. It cost the
company half a million dollars in legal fees to avoid a worse outcome.
And this is suppose to help the economy how?
How any other companies have had similar problems, or have heard
of similar problems, and have no desire to go to that dance. So they
are "sitting this one out" - too bad for the people they would have
hired, but ... . What you tax, you get less of; what you subsidize,
you get ore of.


--
pyotr filipivich
We will drink no whiskey before its nine.
It's eight fifty eight. Close enough!