Problem with that article is that it assumes the banks were unregulated. They weren't. Even with its repeal they were still heavily regulated.
A historic disaster is coming for the US from the tax bill
- Thread starter Craig234
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Problem with that article is that it assumes the banks were unregulated. They weren't. Even with its repeal they were still heavily regulated.
Althea
Althea told me...
Wow...you Limeys really are behind the rest of the world. Next time, read more than the title of your articles. Start here, and continue:
Althea
Althea told me...
Not to mention that private lending accounted for the lion's share of bogus paper. Nothing to do with Glass/Steagall, even if it were in place.
Seriously, do you talk like this around your mother? I am asking you honestly, because if my children had, they would have gone to a therapist. What normal person thinks in these terms?
Getin the ring
Verified User
you are aware that Obama resided over the most fiscally irresponsible administration in American History?
More Americans on food stamps than EVER under Obama?
Economic growth nearly non-existent under Obama?
Give Trump his due, he knows business, the economics of growth. This tax bill gives us more of our own money, to spend, and that's what Americans do with more money, they spend it.
That coupled along with lowering the corporate tax rate, enticing corporations to come back home, and foreign investment to set up shop here can only mean growth.
It should be apparent by the democrats having to lie to you about the merits of the plan that they are afraid of it, Democrats don't care about you any more than the man on the moon, they know Trump Success means trouble for their power trip.
Wake up, dry your eyes and smell the coffee, enough of the stupidity
This.
Not just come back home. But stay put in their domestic operations.
Take the company I work for as an example. In an attempt to save money because of the uncertainty in the market they invested hundreds of millions of dollars in new equipment and a fresh build. Something they had never done before. Sounds good for the economy right? Not so much. It meant that they closed five plants and had one take its place. Because we are more effecient they are able to run this one plant with a third as many employees in any one of the plants that were closed. Yes. Those five plants combined made 1.4 billion cans in 2016. In 2017 we Are Due to make 1.8 billion and haven't even hit 95% of our production rate yet.
Good for my local economy. A part of the deal for the land and tax breaks to build here they have to pay a premium wage. But our premium wage is a lot less than the average wages they were paying in the other plants.
Overall economy hurt. However if they hadn't been worried about what the government was going to do to their pockets they probably wouldn't have moved here.
Thumper: " Because we are more effecient they are able to run this one plant with a third as many employees in any one of the plants that were closed."
And that neatly sums up American manufacturing in one sentence. There are far fewer good-paying factory jobs because of robotic technology and efficiency. We are still at the top of the pyramid when it comes to output; we just don't need as many people to keep us there.
What do they consider a "premium wage" to be there?
And that neatly sums up American manufacturing in one sentence. There are far fewer good-paying factory jobs because of robotic technology and efficiency. We are still at the top of the pyramid when it comes to output; we just don't need as many people to keep us there.
What do they consider a "premium wage" to be there?
lets see. you put everyone on ignore that isn't a progressive Bernie-bot,and you argue with mods.
Like I was told one time: if you can't get along with everyone else,chances are it's you -not them
Link
Getin the ring
Verified User
don't defend the indefensible, only makes you look clueless
That's a sick puppy
I'm sorry, I was a bit rude earlier. Please get aids up your butthole and die, stupid bitch.
being rude is your schtick...we expect it
Meh. Kinda.
For every one manual manufacturing job created three support jobs are needed. For every piece of automation that is created 7 support jobs are created.
Typical yearly wage of the manual support job is 25 to 30k typical yearly wage of the support jobs for automation is 50 to 55 k
Problem is we are way behind on people that can fill these support and construction jobs. 95 percent of the machinery we use was produced in the UK. So those support jobs are paying into their economy not ours.
As for a premium wage.
Your typical forklift operator here makes 12 to 15 an hour. With this company you start out at 18. Mechanics actually make a little less. But they are maintainer operators. So the job is easier. A typical operator would make 15 to 18 and a machine repair mechanic would make 28 to 30. Our mechanics make 24.
I would make about the same as I would anywhere else here as a millwright. But because we are not union I was able to bargain with the company individually.
Once you figure in my OT and gainsharing the only two people that make more than me in the plant is the plant manager and the superintendant. But unlike other places I act as a millwright electrician and machinist. Hell last night I filled in for a spray operator who called in.
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cancel2 2022
Canceled
Grind is a typical internet tough guy who is a pussy in real life. I think it all stems from when he was forced to be an altar boy by his mother, maybe the smell of incense and heavily starched cassocks affected him?
Another reason why I'd like to see our public education system promote tradecraft and construction careers with hands-on training. One thing I like about the University and community colleges up here is they offer degree programs in the trades. Where we used to live (STL), that type of education was available mainly at very-overpriced private schools like ITT and Sanford Brown. Yeah, the person might get training but they also left with a huge load of debt, almost equivalent to a four-year degree at a state university!
$50K/year isn't bad, if your area has a lower cost-of-living.
Althea
Althea told me...
Do you believe that lower taxes at home can compete with overseas labor/lax enviro/no healthcare savings? I don't see it.
cancel2 2022
Canceled
Much like you, to be honest!
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