Saturday, August 21, 2010

Never Mind The Beef, Where's The Jobs?

The Washington Post had an interesting article in it this morning. Titled "With consumers slow to spend, businesses are slow to hire", it tells more of a story then it's author realizes, I think. The thrust of the story is why business and industrial leaders are unwilling to take advantage of any government stimulus to begin ramping up on workforces or anything else except bankrolls. Why should we hire when there's no buyers for the stuff we would make? That's a theory I've been claiming for years. The feeling is that another stimulus would only provide temporary relief. They blame elimination of tax cuts for the wealthy and increases to capital gains taxes. But at the same time, they admit that even without those tax disadvantages, they wouldn't hire until people start buying again. Here's the rub. If people aren't buying because they're out of work, how will not hiring them get them into the mood to start buying again? So, if stimulus won't work and lower taxes and less regulation won't work either, what will get people back to work? Some claim it took ten years to get us into this mess. It'll take that long to get us out of the mess. How does that help folks who are out of work. Oh, just wait your turn. In six or eight or ten years, you'll be able to find a job. It might be flipping burgers, but HEY, at least it'll be part time. What I think we need is to stimulate our economy in a different way. By developing new industry and finding ways to import those jobs that were exported to other countries. Let's stop rewarding companies for sending those jobs elsewhere. Not with trade wars, but by eliminating tax breaks for companies who send jobs overseas and then move their headquarters off shore as well. Are those companies truly American companies any more? Some of these companies do billions in business here but don't pay one cent in taxes here, but complain our tax rates are too high. I don't think those tax rates are too high. I don't think zero is high enough. Do you? Let's at least double them to zero zero. If you do business here, you pay taxes here, period.

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