My first two irritations with the Lowe's card

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Postby MemberSince99 » Tue Sep 09, 2014 8:26 pm

On the whole subject of Nikes and shoes in general, I never saw that the price of shoes in the US went down as a result of them being made by slave labor in a sweatshop. In fact if anything the price went up.

What you have to keep in mind is the price past a certain point has nothing at all to do with the cost of production - products are sold for whatever the market will bear.

It's the same thing when the usual right wingers bring up how the "job creators" need yet another round of tax cuts the rest of us will end up paying more to finance so that they can create jobs. Tax cuts have NOTHING to do with job creation - jobs are created when a manufacturer or a service industry cannot meet demand with existing resources - period. No one goes and hires new help they don't need just because they got a tax cut. And all the job creation these days judging by how tepid it is in the US must be in China anyway for that matter (offshored).

It's a whole different issue really. But the whole offshoring thing is helping destroy the middle class in the US which won't be good for the country as a whole, though certainly it will be good for wealthy investors and that's all we really care about so they get what they want since they buy the government fair and square and demand return on investment.

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Postby otter » Tue Sep 09, 2014 9:19 pm

It's hard sometimes to prove that cutting taxes creates jobs, but it's really easy to prove how raising taxes (especially on the wealthy) prevents job creation and destroys jobs. Want an example? Remember the first George Bush and his "no new taxes"? Well, eventually he caved in. One of his new taxes was a 50%+ tax on luxury boats (ie yachts). Sounded like a great plan: what better way to soak the rich than that? And the middle class couldn't possibly be hurt by a luxury tax on yachts, right? Wrong... boat manufacturers laid off workers left and right. A town in Maine practically closed down because of the tax. But at least the rich had to pay more for their luxury boats, right? Umm not really they just bought and registered their new boats in Liberia or the Bahamas. They may have been inconvenienced, but they didn't pay more (and often paid much less). So they just "outsourced" their yacht buying simply because the US government forced them to.

Not that I'm a fan of the super rich, mind you. I would end their precious tax breaks quickly... no more buying a golf cart and getting a tax break for buying a "green car." No more buying a 500 acre ranch and getting a tax break because they call their garden a "farm."
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