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  #61  
Old 09-22-2010, 08:46 AM
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Taxes is not the reason why corporations move their HQ's overseas. If it were, then all the corporations would have move overseas by now. Minnesota has some of the highest taxes in the nation and it has probably 10 fortune 500 companies and 7% unemployment.

The problem is in our trading partner China which artificially surpresses the value of its currency.

And the people who keep buying cheap *****.

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  #62  
Old 09-22-2010, 10:22 AM
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The Cheap labor overseas has produced a vacuum of unemployment here in the US .Now at its epedemic peak we clearly see what is in for the many and allowed for the few . The middle class is now being escorted to the front door of poverty.Other countries like Japan is also been at the front of the program.A for instance would be in the late 90s a division of Toyota that was using cheap labor in Mexico had moved their business elsewere for a .04 difference in labor cost .China will rule the world for its cheap labor and everyone else will get food stamps and a stimulis package to shut us up till next election.A quite way of saying business as usual .Im waiting for a president to say ,lets bring back the jobs ,lets pull back unemployment thru the old way of doing business and quit making excuses for big business who now talk to lobbiest instead of their state representative.The real answer is it will never be said .Big Business has made a deal with the devil because the labor cost was ruled as the most important part of corporations reasoning for the move ,not the effect of those jobs lost as its result .No one looked to the future to see what was waiting for Us ,now thats its here it looks like no one knew. The money will flow back into the economy if we stop running rivers of it overseas.It will never happen while the ruling class has money sifting into the royal pockets as re-election gains .We suffer as idiots until this happens .Now that China has poored Billions of its stake in the game on America ,who owns this country?I Paid my taxes for this.
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  #63  
Old 09-22-2010, 12:16 PM
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Originally Posted by buffa98 View Post
But you miss the point of why they(the corporations) move their HQ overseas. TAXES. Plain and simple. When a govt(be it federal,state or local) raises the cost of doing business to the point it is no longer profitable, The owners or boards of the Corp have to make a decision based on the economic welfare of their company..
You are right about that. US corporate taxes are among the highest in the world. The solution then would be pretty simple.
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  #64  
Old 09-22-2010, 12:17 PM
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Originally Posted by Kuan View Post
Taxes is not the reason why corporations move their HQ's overseas. If it were, then all the corporations would have move overseas by now. Minnesota has some of the highest taxes in the nation and it has probably 10 fortune 500 companies and 7% unemployment.

The problem is in our trading partner China which artificially surpresses the value of its currency.

And the people who keep buying cheap *****.
I think companies stay in Minnesota because the work ethic there is so much higher than other parts of the country.
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  #65  
Old 09-22-2010, 12:24 PM
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Originally Posted by raymr View Post
I think companies stay in Minnesota because the work ethic there is so much higher than other parts of the country.
Me: Looking at myself. (shaking head)

Nope, not true.
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  #66  
Old 09-22-2010, 12:33 PM
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Originally Posted by Kuan View Post
Taxes is not the reason why corporations move their HQ's overseas. If it were, then all the corporations would have move overseas by now. Minnesota has some of the highest taxes in the nation and it has probably 10 fortune 500 companies and 7% unemployment.

The problem is in our trading partner China which artificially surpresses the value of its currency.

And the people who keep buying cheap *****.

if you want jobs back here all you need to do is return something that you broke.....

heres how it is now:

buy cheap crap, it breaks after 5 minutes, you say oh well its cheap crap, accept it that it broke and throw it away, maybe even buy another to finish the job

cheap crap maker says, hey they dont bring stuff back so it must be too good, shame on me I made it too good the next one will be worse or even cheaper.

now if you take it back:

cheap crap maker gets flooded with returns, cost of return and logistics is 5X the cost of the product sold, profits go down and then into red on that peice of crap. wont sell that particular peice of crap any more, or will make a little better quality peice of crap until the return rate makes it profitable again, suddenly it cost the crap maker the same as here plus he has to ship it, cant compete with a local maker, out of this crap making business
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  #67  
Old 09-22-2010, 01:26 PM
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Originally Posted by cscmc1 View Post
Speak for yourself. For me, retirement = what I'll have worked 30+ years at this job and 20+ years in the military (Guard) for: TRAVEL. I can spend a year or two "working" (i.e. doing just enough to keep me busy while I enjoy the outdoors in my free time) in Bavaria if I like, or the wife and I can sell everything and live in a cabin in the mountains somewhere. The possibilities are endless and quite exciting to consider IF I BELIEVE THAT MY INVESTMENTS WILL GROW AND NOT BE PECKED AWAY AT BY THE POLS.

I'm living my life quite modestly now in order that I might enjoy life a bit later without worrying about how to pay for it. Why shouldn't I be able to? Because it doesn't fit your definition of a worthwhile later life? Of course not. So I'll kindly ask the folks in government to quit digging into the little profit my investments are making and let my nest egg grow, thank you.
Me too!

At 59 yrs. old I've worked 37 years in the sales business and I look forward to hanging it up.

The ones that say; "they never want to retire," have no plan financially is how I read that. In which case I agree with them, in that they probably won't be able to.
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  #68  
Old 09-22-2010, 02:13 PM
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Originally Posted by raymr View Post
I think companies stay in Minnesota because the work ethic there is so much higher than other parts of the country.
Clueless.
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  #69  
Old 09-22-2010, 02:37 PM
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Originally Posted by Craig View Post
Personally, I hope I never need to retire.
Personally, I think you're on the right track to accomplish just that......
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Last edited by Skid Row Joe; 09-22-2010 at 03:03 PM.
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  #70  
Old 09-22-2010, 02:40 PM
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Originally Posted by Skid Row Joe View Post
Clueless.
Unlike in Texas.
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  #71  
Old 09-22-2010, 02:43 PM
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Unlike in Texas.


Hey, when I'm right, I'm RIGHT! LOL
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  #72  
Old 09-22-2010, 05:37 PM
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Originally Posted by Skid Row Joe View Post


Hey, when I'm right, I'm RIGHT! LOL
Well there's no such thing as a right or wrong opinion. They're just opinions. They're kinda like farts - your own don't smell so bad.
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  #73  
Old 09-22-2010, 06:47 PM
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At 53 I'm within a year of starting my retirement that i am totally looking forward to.

Don't get me wrong, I won't be sitting on my arse by any means. I just won't have to get up and go do something for somebody else and I will be able to wake up when I want to wake up. It has been a long time coming.
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  #74  
Old 09-22-2010, 07:38 PM
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Originally Posted by engatwork View Post
At 53 I'm within a year of starting my retirement that i am totally looking forward to.

Don't get me wrong, I won't be sitting on my arse by any means. I just won't have to get up and go do something for somebody else and I will be able to wake up when I want to wake up. It has been a long time coming.
Congratulations!

Four more years for me. Could do it now but I don't want to count on SS being around.
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  #75  
Old 09-22-2010, 08:10 PM
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Thumbs up

Quote:
Originally Posted by engatwork View Post
At 53 I'm within a year of starting my retirement that i am totally looking forward to.

Don't get me wrong, I won't be sitting on my arse by any means. I just won't have to get up and go do something for somebody else and I will be able to wake up when I want to wake up. It has been a long time coming.


Congrats!

Once I realized the older/more experienced I got in my pro work, the easier the money is for the workload.

It's a GREAT place to be - dam_ glad I hung-in there in my early 20s so's I could be in a position to be reaping the rewards in my 50s.

Life IS GOOD! VERY GOOD!


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