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You didn't quite get my post. I said "in part" responsible. - And "cheap labor" involves tax issues to

Posted: Dec 20th, 2017 - 8:43 am In Reply to: Well that was about cheap labor. Do you - think we should all work

It never fails to astonish me how little some people seem to know about even the most well-known facts about economics, taxation, etc.

American employers are required to contribute a percentage of what can collectively be called "employment taxes" and not only are these the highest in the world,there are many countries that don't even have any equivalent required contributions at all. Any and all "employment taxes" come out of the employee's check, period.

So, even if the absolute wage rate were the same in another country, an American company that moved their jobs to these countries would automatically benefit from "cheap labor."

In addition, you perhaps were not aware that several governments, India among them, in order to help their companies ravage American industries, not only established special tax rates for such companies or eliminated them altogether, they actually even financed start-ups with interest-free loans!

Education. It's a wonderful thing, at least when it's real education.

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It's all about the economy, stupid - SM (Views: 1168, 2017-12-19, 9:09 pm)
- Funny that most people, even republicans, - see it for what it is, corporate welfare. nm (Views: 692, 2017-12-19, 10:46 pm)
  - I'm fine with the US business tax structure being made competitive - with the rest of the world and with.... (Views: 387, 2017-12-20, 6:42 am)
    - Absolutely. What do people think has led, in part, to - outsourcing?? (Views: 378, 2017-12-20, 7:16 am)
      - Well that was about cheap labor. Do you - think we should all work (Views: 404, 2017-12-20, 7:53 am)
        You didn't quite get my post. I said "in part" responsible. - And "cheap labor" involves tax issues to
        I got your post exactly right. So you - think we should actually (Views: 373, 2017-12-20, 11:00 am)
        Total misunderstanding of the OP's point. - Not what she was saying at all (Views: 381, 2017-12-20, 8:46 am)
    - Very excellent post! - sm (Views: 436, 2017-12-20, 8:19 am)