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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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Was starvation wages
When I suggested in a "starvation wages" sub thread, which
posited companies don't pay taxes, they just pass these along to the customer, that in [too] many cases the major corporations now depend on subsidies and tax preferences for most of their "profit", several people expressed doubts. You may find the following of interest. 700 billion has been hijacked from the makers and savers and given to the corporate "takers" by just the FRB. The technical term for this is "financial repression." http://www.bloomberg.com/news/2013-0...on-borrow.html snip America’s companies, from Apple Inc. (AAPL) to Verizon Communications Inc., are saving about $700 billion in interest payments with the Federal Reserve’s unprecedented stimulus. Corporate bond yields over the past four years have fallen to an average of 4.6 percent from 6.14 percent in the five years before Lehman Brothers Holdings Inc.’s demise, a savings equal to $15.4 million annually per every $1 billion borrowed. snip What in the way of *DOMESTIC* investment, job creation, and increased tax base has resulted? Wall Street is not Main Street, and the "market" is not the American economy. |
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