nicely said........I have to ask though...........If you owned a company, what would you do? If you ever get an opportunity to build a company from scratch or to purchase a existing company, do so. It will give you a new perspective on company profitability, taxes and employee benefits.Corporate level's bottom line, to make money. In doing that, it's to reduce overhead as much as possible. This improves the reputation of the company to it's investors. It also makes for much larger bonuses. Business 101.
Blue collar level: To get as much of the companies profits in their pocket.
End result. If the overhead is too much in the USA, they move their manufacturing and assembly to Mexico or China.
Bottom line. Corporate execs don't care too much about the blue collar levels. Blue collar levels don't care much about the execs.
It's a dog eat dog world, And everyone is wearing milk bone underwear.
nicely said........I have to ask though...........If you owned a company, what would you do? If you ever get an opportunity to build a company from scratch or to purchase a existing company, do so. It will give you a new perspective on company profitability, taxes and employee benefits.
I have enjoyed both working for a company for 45 years and also joint ownership of my own company with my wife for 25 years. I saw the benefits and the issues from both sides. I had employee's and I was one at the same time. I learned (like you ) that there has to be a benefit for both sides and a willingness to work together to survive together. At times my employer was both stingy and frugal as well as generous and understanding. As an employer I tried to do the same. The issue gets complicated when you have some employees that do not have a full understanding of economics. For the most part I still do not think companies are out to screw their employees. No employer is trying to get work done for nothing. And I have seen where a employee wants to get paid for doing nothing. My very first employer during high school told me to learn some skills and make myself more valuable. If and when I feel I can advance and grow as a employee to go ahead and do so even if it means leaving the company. He encouraged me to grow as a person and as a employee, and if I need to leave, then leave on good terms and make room for the next guy.I'm not really the greedy sort. And always been proud of myself when I gave people tips and extra money for doing a good job. But there are times when I do get a little greedy. As in when I'm in the process of buying something I really want.
So it's hard to say, honestly.
I'd like to think I'd pay my employee's enough so that we all could live comfortable and have a few nice things. I don't think I'd want to drive lambo's or living in a mansion.
Another thing to consider is that for some reason, when you're generous to some folks, they tend to expect it. And when it's doesn't rise to their expectations, they tend to talk about it, and get others wound up about higher expectations. This is what unions do.
Like they say " not all is fair in love and war". We humans can choose to be kind or cruel.........and it is a choice!I have enjoyed both working for a company for 45 years and also joint ownership of my own company with my wife for 25 years. I saw the benefits and the issues from both sides. I had employee's and I was one at the same time. I learned (like you ) that there has to be a benefit for both sides and a willingness to work together to survive together. At times my employer was both stingy and frugal as well as generous and understanding. As an employer I tried to do the same. The issue gets complicated when you have some employees that do not have a full understanding of economics. For the most part I still do not think companies are out to screw their employees. No employer is trying to get work done for nothing. And I have seen where a employee wants to get paid for doing nothing. My very first employer during high school told me to learn some skills and make myself more valuable. If and when I feel I can advance and grow as a employee to go ahead and do so even if it means leaving the company. He encouraged me to grow as a person and as a employee, and if I need to leave, then leave on good terms and make room for the next guy.
I think you have the wrong Idea about Chinese workers.
You are thinking that they are working in third world sweat shops as found in democracies like Pakistan , India , The Phillipines or Indonesia .
Most Chinese factories apart from fashion , are large modern , clean & safe .
The workers are actually paid well by local standards actually better than USA production line workers .
Mine work is some what different but is becoming more fully automated on a daily basis .
The killer is the exchange rate is being manipulated by the government to keep the exchange rate very very low in order to send all factories in the west bankrupt so they will have to close down & sack the workers who then will need government support so cost the western governments lots of money ( even if for nothing other than prisions ) .
This is designed to cause as much social disruption in Western countries as possible and to divide the population into the haves & have nots so eventually countries like the USA are so divided they end up at civil war / revolution levels .
Why go to war with the USA when you can manipulate the USA's owns system to cause the USA to go to war against itself ?
I cannot speak to working conditions in China, but I can totally agree with you as far as the economic plans that China has implemented. For the past 20 years we have slowly suspended our manufacturing and handcuffed ourselves and moved dependance on China. Our skilled labor force has now aged out and there is very little new opportunity for our youth other than retail. Now that we are fighting among ourselves and stressing over our future, China is turning against us and is in more control than we will admit. I don't personally admire President Trump, but he was dead on in his warnings about the future of our country if we don't act fast.I think you have the wrong Idea about Chinese workers.
You are thinking that they are working in third world sweat shops as found in democracies like Pakistan , India , The Phillipines or Indonesia .
Most Chinese factories apart from fashion , are large modern , clean & safe .
The workers are actually paid well by local standards actually better than USA production line workers .
Mine work is some what different but is becoming more fully automated on a daily basis .
The killer is the exchange rate is being manipulated by the government to keep the exchange rate very very low in order to send all factories in the west bankrupt so they will have to close down & sack the workers who then will need government support so cost the western governments lots of money ( even if for nothing other than prisions ) .
This is designed to cause as much social disruption in Western countries as possible and to divide the population into the haves & have nots so eventually countries like the USA are so divided they end up at civil war / revolution levels .
Why go to war with the USA when you can manipulate the USA's owns system to cause the USA to go to war against itself ?
I cannot speak to working conditions in China, but I can totally agree with you as far as the economic plans that China has implemented. For the past 20 years we have slowly suspended our manufacturing and handcuffed ourselves and moved dependance on China. Our skilled labor force has now aged out and there is very little new opportunity for our youth other than retail. Now that we are fighting among ourselves and stressing over our future, China is turning against us and is in more control than we will admit. I don't personally admire President Trump, but he was dead on in his warnings about the future of our country if we don't act fast.
Seems our system of finances and providing, (Capitalism) tends to work better when you have honest people in charge of the government and other financial agencies.If Trump was dead on, he'd have addressed the Fed's valuing of our USD. But he never even mentioned the way the Fed handles this. He, like all the others, just kick the can. Borrow and spend, then borrow more (from the Fed). Now $10hr is a poverty wage. In 5 to 10 years, $15hr will be a poverty age.
So as wages increase, profits will either go down, or companies will move more manufacturing and assembly out of the USA. I'm surprised the big US automakers aren't already assembling in Mexico, for US markets. $10 to $20 per DAY down there, versus that much per hour here. Makes for a good excuse for GM, Ford and Chrysler to become Mexican made automobiles. After all, a LOT of their parts are already made in Mexico.
But, if $10 still bought $10 worth of goods, companies wouldn't have to outsource.
Obviously the tariffs are pretty steep. Otherwise Japan wouldn't be assembling cars here in the US. Nor would MTD, John Deere or the rest of them.
Well you never going see that in our government as politicians are lawyers and doctors that charge ridiculous fees in private practice and they do the same in government as special interest groups line the politicians pockets to laws pass in their flavor.Seems our system of finances and providing, (Capitalism) tends to work better when you have honest people in charge of the government and other financial agencies.
I hope so since they can pay almost 50% in taxes, rI am amazed at just how badly US workers are paid & the conditions they work under
However nothing has really changed since the days of slavery except the "slaves get a little more money" but it is nearly always the least then can possibly be paid .
Then there is the imported UK class attitude of we the superiour managers vs them the inferiour workers.
If you did an MBA then they are not even workers, they are taught to think of the employees as just another "Variable production input " which of course make it easier to act in an inhumane way towards employees as they are not people any more.
The MBA's who end up running the company are brainwashed into the belief that "All Profits Originate in the Board Room " .
Thus again the workers are some sort of sub human autotrons .
We have exactly the same attitude down here
When I was in the metals industry I can not remember a single manager who did not blame "excessive labour rates" as the prime reason for lack of profits.
At a conference I once got brave enough to suggest that it could be lack of investment in more efficient equipment equipment that could increase the productivity per man hour that was the problem & I got booed & heckled by the other delegates.
I had just come back from Japan & found that the japanese workers were actually paid more than the Aussie workers but their outputs was between 5 to 100 times higher because there was no machine on the floor that was older than few years.
Down in OZ we were still using stuff imported second hand from the UK & USA during WW II in the days when machines were expensive & labour was cheap ( & disposable )
It was over a year before I was allowed to attend another conference , my applications would always be returned claiming that the conference was full .
There is a reason why Germany is the powerhouse of EU manufacturing , because they actually do value their employees & engage with them at all levels of management.
VW & BMW both have directors who come off the shop floor and are voted in by the shop floor .
The total contempt towards workers was blaitently displayed by B & S who shifted their manufacturing to NY purely because the labour rates are 3% to 11% lower in NY .
Well no matter what , until you start taxing wealth itself, the person at the bottom always pays.
Once upon a time various death taxes were supposed to do this but the wealthy invented companies in order to pass their wealth on to their children without paying death duties.
And of course now days not only do we have cmpanies designed to avoid paying taxes but also all of the private trust accounts in off shore tax havens ( remember the paradise papers ) so people like Mr Trumph can hide billions thus pay no tax on the millions he makes annually .
The problem is the person at the bottom pays but the business in the middle keeps the money and passes the taxes on to the owners/shareholders rather than the government .
Add to that the idea of "taxation is thieft" seems so deeply intrenched in peoples minds I fear that it has become part of our DNA ( we are just as bad ).
On top of that, people have no idea of the real costs and just how much of their daily life is facilitated by stuff the government has done with their taxes
The road in front of the workshop is pathetic but it is a local council road and as it is a regional area there is one rate payer per pre 750 meters so to get the same money per km of road as the city next door , the local council would have to raise the rates 3 times what the metropolitan city next door charges . The cost of maintaining the 3 miles of road that passes the block is double what the landlord pays in rates .
People think that their income tax pays for everything they ever get from the government with money to spare . when in reality it would be lucky to cover 1/4 of the benefits they could get.
I always like some one having a bitch about the tax they pay when they have 4 kids at a private school costing them $15,000/year each in fees when there is a free public school within walking distance.
There was a public lecture broadcast a while back where the speaker proposed that the insurance hospitals & doctors pay accounts for nearly 70% of what they charged for their services.
In Australia it is 12% , in the UK it is 5% and France 3% so it is the ligitators, and in particular the litigation financers who are making a killing and for USA medical charges to become realistic then medical mal practice has to be removed from the courts & go to a panel of experienced medical practioners who can tell real medical problems from lawyers cleaver BS.
Firstly because you can't spend it when you are goneGood for them. Why in the HECK should anyone pay taxes on money they own, or pass down, just because they die.
Because the government says so? That's one messed up government.
And who decides what is wise spending ?When the government starts spending money wisely, efficiently and for ONLY good reason, then and only then should they be able to raise taxes.
They don't have an income problem. They have a spending problem
Firstly because you can't spend it when you are gone
Secondly no person ever became wealthy without some support of the government be it that they speak English and not Japanese or German , drive on roads , send things through the mail do not have to sit all night by their front door shotgun in hand , had a supply of water , under paid employees live is government housing etc etc etc.
Next it slows down the formation of unbelievably rich family cartels like the Coke family , or the Fords or the Rockerfellas etc etc.
Being born into a rich family does not mean you should be able to buy yourself political power
Aussies are always lambased for our stingyness towards charitable foundations compared to the USA or the UK and the reason is simple, you lot have an inheritance tax & we we don't have to make sure it is spent where we want it to go so the government does not spend it where we don't want it to go.
You lot got Foxtel because Murdoch inherited a newspaper empire from his father then built it up into the monster that it is today.
So repulsive is the empire that the kids are walking out rather than taking over .
So dad dies with $ 200,000,000,000,000,000, all that happens is the kids squabble over who gets the biggest slice till there is nothing left or they become tyrants.
And most become tyrants totally divorced from reality because they get richer by $ 1000/ minute just because of which family they were born into.
So you get the tobacco barons addicting everyone to nicotine despite the fact they know it will eventually kill their customers.
Ford executieve deciding to see cars that they know will explode & kill the occupants if rear ended because it will be cheaper tp pay the families of the victims out than do a recall.
The Coke bros turning coal burning into a left vs right political issue so they can continue to increase there wealth by $ 1,000,000 day.
The whole basis of capitalism is we all start off equal and the best rise to the top
Not that 5% start at the top & keep the rest at the bottom which is what is currently happening
.
And who decides what is wise spending ?
Naturalist would consider buying all unprofiable farms & returning them to forest wise spending for the future of the planet.
Homeless advocates would say affordable government owned rental properties are the most wise spending
Pacifists would disband the military and spend all of the saved money on charities to eliminate global poverty
Militarist would quadruple the military and make military service compulsory for every man woman & child ( if they had money buy a comisson for their kids )
Hunters would make more national parks and open all of them for hunting.
Astronomers would make all lights go out at 9 pm so they could get better visions of the starts
Heck Californians would ban petrol power for everything across the entire country
The NRA would make carrying a fire arm manditory for every one over 5 years old
Police would go for imprisionment without trial and revere the ownership of guilt so you would have to prove your innosence rather than they prove your guilt
Who decides ?????
The only country with a real democracy, where the population actually decides what becomes law & where government money is spent is Switzerland .
And the Swiss pay a 40% tax rate on the combination of their annual income + the value of their assets
some really great comments here shared by you guys...It's great that we live in a country where we can exchange thoughts ( right or wrong) and discuss them. We all can only reflect on what we have learned in life, and if you never listen to another mans view you limit your knowledge. The circle of economics .....build, distribute, sell, tax, purchase, ...build.... must continue for us to all prosper and move forward. If we could eliminate the greed, corruption, theft and lies from our elected representatives, we all would be doing better. Thats the most frustrating part of our system. We are so diverse that we are never all going to agree on everything. We all have special interest or needs but too often we look for our government to fix them. Left on your own you can make decisions and wise choices as long as we have those choices. Our current government is on a fast track to take more of those choices away.
Some of those so-called tax cuts weren't even tax cuts. Just delayed taxation which actually made it on those that owed them.
In my lifetime our government only been in the black under one president and that was Jimmy Carter but as soon the next one got in we were back in the red ink again.
And that so called stimulus money they supposedly sent I have yet to see a single penny of it. And there is no way to contact them as all they got on the phone system is a computer that gives you no usable information and the local offices are closed. To me that is/was a $3200 big lie just get me to borrow and spend the money. At least after the first $1800 I wasn't stupid enough to borrow another $1400 for the business while I awaited the payments. Just now paid off the first loan.
When has a politician ( from either side) actually managed to cut taxes as promised during the campaign? A rookie or freshman elective quickly gets caught up in the system and either joins in on the buddy system or gets cut out and gets nothing accomplished. We keep trying to clear the swamp, but it will never happen. The political system is flawed because of political contributions and lobbyist. Pay to play, special interest, and special perks for the elite and more taxes for the rest of us.
The thing you are overlooking PT is YOUR taxes never amounted to enough to pay for anything that you used each & every day to make your living
The roads you drove on and the police who patrolled them, let alone any of the other benefits you have enjoyed from the privledge of being born within the confines of the USA .
If you check the full US budget and troll the numbers personel income tax is about 1/8 of the money spent.
The rest comes from company taxes , royalties. fines borrowings
Now if the borrowings are from the reserve bank then they are BS as they are just numbers generated on a computer then shuffled back & forth to become real money in the form of pay checks . Borrowings in the form of bonds that are purchased by outsiders are real and will have to be paid back in some format some time.
Right now China has 1/2 of all of the USA government debt and if they called that debt in the the dollar would drop 60% and everything you consume that was not 100% US made would go up 2 to 3 times it's price and the country would slide into a third world inflation spiral . Keep that in the back of your head when the headlines are full of "defiant US ships / aircraft pass through China's proclaimed territory" , stories to keep the flag waving fools amused .
IF you really had to pay for everything without any governemnt assistance then your life ( and mine ) would be vastly different .
Right now they are proposing a mileage tax to replace fuel excise to cover the cost of road construction & repair .
To the people who work in an office that is walking distance from home it is very fair, to you the truck driver, even 1¢/mile would be crippeling particularly when Walmart. Amazon. Lowes Etc etc etc would tellyou that they were not going to pay & you will have to adsorb the extra cost .
As for rags to riches stories, look really close at them
In most cases there was a "mentor" behind the person and the "mentor" usually pocketed a goodly sized lump of the riches .
The whole idea that what you are overcomes who you are iis total BS that gets hyped up in the media in order to sublimate the opressed masses who get nowhere because they were born into poverty .
I took a business from 0 using nothing but my $ 400 credit limit bank card to a $ 5,000,000 /pa business but even at our height I could not get a $ 1,000 loan .
Prior to that I worked as a Lisenced Commercial Agent , commonly called a Process Server delivering Warrants Summons & Sepenas .
I saw the vast amounts of money banks & finance companies threw at the children, cousins, nieces & nephews of A list families to fund schemes that were obviously a fraud from day one.
But because of who they were related to the banks ended up taking 0,01¢ in the dollar for multi million dollar frauds and not even a whisper in the media about it .
Now they wouldn't pull a Donald Trump on us would they?So, if you have a debt that you don't actually have to pay back, then is it a debt at all? Of course it's not. And if it's not really a debt, if the Fed can just create money out of thin air (punching digits on a computer), then how much is it worth?
When did get those hammers so cheap I heard it was $500 per hammer.
Now they wouldn't pull a Donald Trump on us would they?
I pay off the top of my head
Federal income tax
State income tax
Local income tax
6% sales tax on every purchase
80 cents tax on every gallon of gas or diesel for road maintenance (+ many roads in the area are toll roads on top of the gas tax)
$2800 per year property tax.
Right to work tax
Social security tax
Medicare tax
Yearly car registration on each vehicle
Yearly car inspection each vehicle (state currently gets $9 per inspection sticker)
But according to 1 here I'm not doing my fair share ??
What an idiot
And is there still game for you to hunt?You get a hunting license? That's a tax. Get a fishing license? That's a tax. Get a business license, Marriage license, drivers license... All going to a government. Tax. In Texas, there's the road and bridge tax. Plus the tax on the gas at the pump.
I wish I could find the video of the guy on the rodent wheel. IIRC, money keeps coming out of his pocket as a long list of taxes scrolls on the side.
The list was EXTREMELY long.
Don't get me wrong, there is a lot of waste in government spending and even more corruption but we would all be stuffed without it
So let me break it down in simple terms what your trying to say.
We should pay through the nose in taxes while we are here.
Once we die the government should now get everything we owned'
That way within a couple generations the government. now owns every house, every car, every business, every piece of land.
From then forth we can work where they say. (they would now own it)
Live where they say (they now own it)
Do what they say, they now own total control over you.
OH that's brilliant !!.
Yes witness similar thing at A&M university years ago while I was servicing a hi speed Burroughs check signer. End of year and they hadnt spent 10K and they hunting everywhere for something to spend it on.Government is corrupt, inefficient and prone to making huge mistakes. In the past I witnessed ( sate, local, and federal) government offices, schools, and universities go thru their bidding processes and I became very suspect on the way they go about getting things done. They have no problem spending other peoples money. They have mastered the process of getting what they want and blocking everything else. Its sad how each department spends their remaining budget money at the end of their fiscal year so they do not get budget cuts the following year. Go sit in on a county, city or even a school board meeting and watch. You will walk out frustrated and alarmed at how they do business.
There are... but the problem is, both sides know how to play to their parties interests around election time and SAY the right things, get back in office, and go to filling their own pockets. Too many people vote by what letter is by a persons name and don't do any research.Yet year in & year our you keep on voting for them
Are there no independents who ever stand for office in the USA ?
Yet year in & year our you keep on voting for them
Are there no independents who ever stand for office in the USA ?
I have tinnitis so while I am standing, the radio is on and when I try & sleep, I have some reel to reel tapes of sleep to music, Fripp & Eno / Herbie Mann / Santanna & the likeThere are... but the problem is, both sides know how to play to their parties interests around election time and SAY the right things, get back in office, and go to filling their own pockets. Too many people vote by what letter is by a persons name and don't do any research.
Our Texas state government has a chance at getting all new leadership in 2022 (Governor,Lieutenant Governor, and Attorney General) and replace the clean diapers that got filled up with poo poo.
I have said for years that we need to divide our elected officials into two groups.
The group we hang and the group we drown.
After Obama, I am 100% for Segregation as He changed my entire Racial attitudes.
Let them squabble.,The quote is "Divide & Conquer" and both of your parties have been doing this for decades.
Until Americans see themselves as one country not red or blue states with each side blaming the other for everything that they perceive as being wrong they will continue to squabble between themselves.
An idea I am happy for you to have and we could argue the merits & demerits of it till the cows come home but I doubt if either of us will be convinced to take the others sideLet them squabble.,
Sure beats your idea that big government Socialism/Communism being better.
You sound very un-American there Bert. What Nirvana of a country are you from? GOD bless America.The quote is "Divide & Conquer" and both of your parties have been doing this for decades.
Until Americans see themselves as one country not red or blue states with each side blaming the other for everything that they perceive as being wrong they will continue to squabble between themselves.
While you are buisy blaming the the other party or who ever is in the oval office, the trillionairs will continue to rob you blind .
We all know how this works
Hitler shifted the blame for all that was wrong in German society to the Jewish population
Ex president Trump tried to do the same with the Mexicans & Hispanics .
So much easier to find a scape goat than admit you are the problem.
What bemuses me is much of the early migration to the USA was by persecuted minorities fleeing oppression in Europe.
As such one would expect Americans to be one of the most tollerant populations towards minorities but from here ( news is not balanced nor objective any more ) the exact opposite seems to be the case.