You could start there and I'd agree with you on some points, but as it is many businesses are moving jobs overseas because it's financially better for them to do so. From a business standpoint I can't blame them. But there's more to it than just money.
I am part of a US manufacturer that makes a product that just about every home in the country needs. We buy US materials only, we manufacture here, well in PA we pay people well and we charge more money for our products than our competitors. We survive on the spirit and attitude of our leaders that drive the sales force to actively sell the product. Other companies are making more money than us due to outsourcing. I'll tell you this though, we beat every single one of them on quality and value hands down and have for 32 years.
I don't subscribe to the 90% tax rate thing for this reason: If I invented a widget that cost me say $18 to produce and get into the hands of the consumer. Let's say I sell it for $19 thus making $1 profit. This is after taxes, insurance and the lot. All good so far. Then I think hey, if I take a boat load of money and advertise, market, produce, and what not and come up with 20 million of these widgets. If my marketing plan bombs and I'm left with 19.9 million of these things and a massive loss of money nobody is going to care. It was my risk and it failed. Now if it catches on and it sells now I made $1 profit 20 million times in a year people have a problem with it and think that I don't have the right to earn that kind of money and still lay someone off because the people in one particular part of the country doesn't buy my product for some reason or another. It doesn't really matter what the reason is...if they don't buy I'm out. I guess that truly is take what you can while you can too but for some reason it gets looked at differently.
I guess putting it back into the economy is good in the short run, but it double effs the problem. By doing this we are fostering consumerism without the means to pay for it. It's not logical. Due to the current situation it might be necessary, but it's a long-term failure I predict.
I am part of a US manufacturer that makes a product that just about every home in the country needs. We buy US materials only, we manufacture here, well in PA we pay people well and we charge more money for our products than our competitors. We survive on the spirit and attitude of our leaders that drive the sales force to actively sell the product. Other companies are making more money than us due to outsourcing. I'll tell you this though, we beat every single one of them on quality and value hands down and have for 32 years.
I don't subscribe to the 90% tax rate thing for this reason: If I invented a widget that cost me say $18 to produce and get into the hands of the consumer. Let's say I sell it for $19 thus making $1 profit. This is after taxes, insurance and the lot. All good so far. Then I think hey, if I take a boat load of money and advertise, market, produce, and what not and come up with 20 million of these widgets. If my marketing plan bombs and I'm left with 19.9 million of these things and a massive loss of money nobody is going to care. It was my risk and it failed. Now if it catches on and it sells now I made $1 profit 20 million times in a year people have a problem with it and think that I don't have the right to earn that kind of money and still lay someone off because the people in one particular part of the country doesn't buy my product for some reason or another. It doesn't really matter what the reason is...if they don't buy I'm out. I guess that truly is take what you can while you can too but for some reason it gets looked at differently.
I guess putting it back into the economy is good in the short run, but it double effs the problem. By doing this we are fostering consumerism without the means to pay for it. It's not logical. Due to the current situation it might be necessary, but it's a long-term failure I predict.
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