debeda

ExperienceCounts

Morning After Pill. Or D&C, what 5 days later?

ExperienceCounts

JoyV

There is rarely a single reason behind business decisions. Many might say it all boils down to profits. And yes more profits is a strong point. But then those who see things in black and white don't look into all which go into those profits. Let me give a hypothetical. Suppose a company finds frequent new regulations increasingly burdensome. (some may call for multiple shutdowns for retooling a year) They also get hit with high taxes. At some point they decide to outsource to a third world country where regulations are minuscule and taxes low. So they should make greater profits. But then more and more third world countries become unstable with violent takeovers. They see some companies seized by new socialist regimes. Not only do the companies seized not make a profit, they take extreme losses of equipment, infrastructure, bank accounts, and in some cases the lives of some of their employees. Then back home there is a reduction of regulations AND a reduction in taxes. While home is not 100% as safe as it once was, it is far more safe than most third world countries. Would the company in-shore even if their predicted profits on paper may be lower than what it currently is in the third world country? Would the risk of far greater losses make accepting a smaller profit rate attractive? Or would the risk not outweigh the immediate profits?

Radiance3

First, let me dissect your statements segment by segment.



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Holding down taxes is not the incentive business has to be in business, turning a profit is. The bigger the profit the better.

Ans. Holding down taxes is one of the means to making profits. As proven by the Trump administration that businesses have improved profits, thus expanded businesses which resulted to hiring more people. Other positive effects of the lowering taxes were the 5000 manufacturing jobs came home.
https://www.investors.com/politics/editorials/overseas-profits-return/

All told, the Bureau of Economic Analysis (BEA) reported, some $305.6 billion returned to the U.S. from overseas accounts. That's a $1.2 trillion annual rate, and far more than the $35 billion one year before.
Fact. Unemployment went down to 3.6%, in the last 59 years ago. Positive tangible effects to our most robust economy and almost everybody is benefitted. You want to deny and ignore this? Present your stupid socialist solution.
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The only inducement great enough to make business come back home, would be to raise the tariffs so high so as to establish an equality of the profit that they make by relocating overseas, and that aren’t about to happen.

ANS. Tariffs bring incentives for US companies abroad to come home
In order to avoid the over burden on tariff which could increase their price to make a profit. Increase in price reduces sales, Reduced sales means loss of profits.

The BEA's analysts explain why this happened: "The large magnitudes (of inward capital flows), reflect the repatriation of accumulated earnings by foreign affiliates of U.S. multinational enterprises and their parent companies in the United States in response to the 2017 Tax Cuts and Jobs Act."
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You can't do that by raising taxes-tariffs or any kind of other taxes for that matter.

ANS. Proofs. The US economy at present is booming because of lowering corporate taxes which induced US companies abroad as explained above see links. There are at least 5000 US companies that returned home due to lowering of corporate taxes. More business means more taxes paid to the federal government. More businesses mean more employment.

Likewise, tariffs will motivate foreign US companies to come home, because of the high cost of selling their exports. Therefore, in order to continue an on going business, they relocate their business back home. Lower taxes as well as avoiding tariff, means they could sell the products in a more competitive price. Therefore, more sales locally, with our less imports, and the foreign companies' with lesser exports to US could balance our trade deficits.
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Businesses make their money by selling their product or service, holding taxes down is merely icing on the cake, and the most it does is provide enough money to give its CEO Christmas bonuses.

ANS. You have a wrong liberal analysis.
Here are the effects of lowering taxes.
Companies could afford to lower price of goods due to lower tax, and therefore with lower price, there is an increase in sales. Lowering taxes increase profits, therefore companies expands and more people are hired to work. More people work means more taxpayers. When people have money because they have jobs, they consume more, buy more, and business activities increase.
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If foreign factories slow down imports, the consumer will find another market to purchase from or will not purchase at all, as said before. It might slow them down, but not enough to affect the in balance of trade to solve the trade deficit problem.

ANS. You have a wrong analysis. Tariffs will not slow down imports of foreign companies. Fact is it will slow down their exports to the US because fewer people will buy their products as a result of the added tariff. Result of that would be our consumers would rather buy our own products. This trade imbalance for so many years between US, China, or other foreign countries would be corrected.
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The difference in the cost of a foreign made product and an American made product is so prominent, people will still elect to purchase the foreign made product which will still remain somewhat cheaper.

ANS. Again your liberal mentality declared wrong answer. Here is the effect of that tariff increase of e.g. 25%.
The 25%tariff impost to foreign countries exported to the US will discourage US consumers buy Chinese products. US consumers would rather buy US made products which are of much better quality, and it last longer.
Imported products from China are usually made of child labor, quality is so deficient but loved by handouts who purchase from Walmart.
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The government gains from the 25%,increase,the American businesses, and consumer does not,not only that,you have to convert 50,000 peso's or yuangs in order to yield one American dollar so not even the government will gain that much(that's an exaggeration) but just to give you an idea.The only way to eliminate the trade deficit is to have one world currency of equal value,or either devalue the dollar bill, so that it is consistent with the value of China's or whomever.

ANS. You have certainly a Socialist mentality. Your solution is to have one world currency, to eliminate the dollar as the world’s dominant currency. Are you a communist? The US has always been the leader in commerce, until Obama allowed China to run over our economy without fixing it.
Converting dollar to foreign currencies is not a problem as each have already their conversion rates. With high tech computers could easily arrive at an accurate result.

Now president Trump has the right solution and it is working loud and clear. The lowering of corporate taxes has very tangible effects to all of US economy now booming and 96.4% of household have gainful jobs. The Tariff is the next solution put to place. Effects will come soon, when our trade imbalance is corrected.
This has just started; positive effects will be realized after a longer period of time.
What you are proposing is so negative for our country to be subordinate to a One world currency. No way, unless you are a candidate to a One World Government, with one world currency. I think yours is dumb.

debeda

You know, business at its core is providing a service that people want or need, and getting what you want in return - a way to make a living. In the late 70s/early 80s, suddenly some businesses decided they could charge exorbitant prices for their "brand" or "label". Especially targeting kids it was Jordache Jean's or some stuff. I remember my oldest daughter at 13 howling at me that she wanted Jordache. I told her that if I knew what that was I might get it for her. She told me jeans. $40 jeans. In 1983. SERIOUSLY?????? But now the brainwashed have decided it's a good thing to be walking billboards for Nike, Adidas, Coach etc, etc, etc. So yes, those companies DO soak the consumers. But the dummy consumers lap it up. You can get OTHER sneakers, sportswear, purses, cars, etc. But NO, must have the "name brand", the IN thing.Too damn dumb, IMO.

debeda

JFlorio Loc: Seminole Florida

Excellent.

Larry the Legend Loc: Not hiding in Milton

They just have to follow the crowd, be a part of the herd. They never learned to think for themselves and these 'it' brands know that, they take advantage of the little insecurities and crowd mentality targeting their ads at those among us who are more vulnerable to peer pressure and 'group-think'. Turn the TV off and the problem will go away.

debeda

AGREED

Coos Bay Tom Loc: coos bay oregon

I have a question concerning tariffs---How far is too much?

Radiance3

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McConnell did not agree with president Trump's tariff with Mexico,
McConnell does not seem to understand how our economy works. Here is why tariffs are needed to fix our trade imbalance.

I have explained earlier that tariffs are necessary to fix our trade imbalance. Unless we correct our trade imbalance with countries like Mexico, China, and Canada, US will succumb economically, and won't be able to recover. Tariff is the only means possible to fix this. It is a very difficult choice, President Trump knows it. People don't seem to understand. But we allowed this dreadful thing happen for a long time, without doing anything.

We Americans need self-discipline. We must have a little sacrifice with this tariffs, as an investment for the future of our children. Because if we don't fix trade imbalance right now, more adverse situation will happen. Our national debts will keep on soaring. See effects below.

For tariffs, we the consumers, pay a little higher price. The tariff is a duty saved into our US Treasury.
And you know what will happen when tariff is impost, US consumers will buy less from imports. Therefore companies abroad losing sales will come home to the US and do business at home to meet a competitive price. We then lessen our imports, and our trade imbalance will be corrected. We add more employment..

In 2018 our imports from Mexico was $371.9 billion versus our exports of $299.1 billion, a trade deficit of $72.8 billion.

As of 2017: Our trade deficits with major trading partners.
China - $660 billion traded with a $419 billion deficit.
Canada - $617 billion traded with a $20 billion deficit.
Mexico - $611 billion traded with an $81 billion deficit.
Germany - $184 billion traded with a $68.2 billion deficit.
Japan - $218 billion traded with a $67.6 billion deficit.

Other adverse effects of our trade deficit with China. Our deficits are financed by our national debts. The more trade imbalance we have our national debts increases every year. China has financed about 23% of our national debts due to imbalance of trade. Currently our national debts is $22 trillion, we owe from China $5 trillion. That is 23% of our national debts is owed to China. How did it happen? Every time we incur trade imbalance with China, it is added to our national Debts.

That is why, it is imperative that we must correct our trade imbalance with China otherwise in the long run China could foreclose our US industries and take over.

Solutions to our trade imbalance is TARIFFS. No other better choices. People must understand this.

However, the United States exported more services than it imported. It exported $828 billion in services while importing only $558 billion. That created a trade surplus of $270 billion for the US.

If I were the economist, we must expand on trades of services, expand our trade with manufactured goods, minimize drug imports by lowering price of our manufactured drugs, expand consumer goods, but minimize trading of intellectual properties since China has been stealing it.

Here's how much each category contributed to the trade surplus in services:
Intellectual property, as measured by royalties and license fees -- $79 billion.
Travel-related services and transport -- $54 billion.
Computers and other business services -- $55 billion.
Financial and insurance services -- $63 billion.

Consumer products and automobiles are the primary drivers of the trade deficit. In 2018, the United States imported $648 billion in drugs, televisions, clothing, and other household items. It only exported $206 billion of these consumer goods. The imbalance added $442 billion to the deficit. America imported $372 billion worth of automobiles and parts, while only exporting $159 billion. That added $214 billion to the deficit. Total deficit for these alone was $656 billion.

debeda

Great post, Radiance

JFlorio Loc: Seminole Florida

I say enough until those we are putting tariffs on are on their knees. Our economy is the envy of the world. If it hurts us it really hurts them. I don’t want any more outsourcing of American jobs. I’ll gladly pay a little more if it employees more Americans.

debeda