Message: 2 Date: Tue, 21 Feb 2017 22:13:29 -0600 From: Mervyn Lobo <mervyn1...@gmail.com> To: "Goa's premiere mailing list, estb. 1994!" <goanet@lists.goanet.org> Subject: Re: [Goanet] Subject: Subject: Re: Trudeau Third World Leader to Meet Trump Message-ID: <ca+62pvw4e+qywwft1iegqm6p+7rsndx-m6cmx23+4vf1_ex...@mail.gmail.com>
Mervyn wrote: The above is crony capitalism. Carrier cannot compete in the US market. As such, it resorted to extracting funds from the tax payers on the pretense that those funds will keep jobs in the US. To make this easy to understand, when Carrier makes a profit ? those profits are distributed amongst the owners. When it makes a loss, the public has to bear the loss. Simply put, after the Carrier/Trump deal, every corp in the US will now be angling on how to make friends with Trump and extract funds/subsidies from the US govt. I watched the very same thing happen in Tanzania 30 years ago - before its economy collapsed. The way capitalism is supposed to work is that new ideas create new jobs ? killing the old ones in the process. As an example, there is a need for bayonets and skilled bayonet makers in the US - but everyone else needs a gun. Apple headquartered its European operations in Ireland and used their tax laws to pay a tax rate of .005% on its profits. Those running such operations are geniuses - to the shareholders. dj Trump claimed on the campaign trial that he too used US tax laws to avoid paying taxes, and to some, Trump is a genius too. The idea that US capital and/or capitalist only invest in the US is a parochial one. Canada, with just 2% of the world?s economy, actively encourages its investors and even its govt pension funds to invest outside Canada. One last thing, today is the anniversary of the day Dick Nixon arrived in China. All the US companies who invested in China after that are smiling. Heck, even the US companies who arrived late to the party and invested there this century are smiling too. The whole idea - like Marx said - is the efficient use of land, labour and capital. Any other formula is, well, a novelty - whether or not it is cocooned in a 'save our jobs' mantra. Mervyn My comment: Career USA has facilities as well as exports worldwide (many pay more for quality product), has promised to invest in infrastructure and this has saved American jobs. Trump is keen on retaining blue collar jobs for the rust belt that voted for him and also will look into other businesses where he can do the same thing. He should be given time. A prominent Communications conglomerate on Dixie Rd Bmpton, preferred local workforce, bless late Ted Rogers. "Apple headquartered its European operations in Ireland and used their tax laws to pay a tax rate of .005% on its profits." See this: Apple has warned that future investment by multinationals in Europe could be hit after it was ordered to pay a record-breaking €13bn (£11bn) in back taxes to Ireland. (Apple ordered to pay €13bn after EU rules Ireland broke state aid laws) https://www.theguardian.com/business/2016/aug/30/apple-pay-back-taxes-eu-ruling-ireland-state-aid Also google for the tax heavens in EU and Worldwide. Jim has explained "Communism" :"The fact that a psuedo Globalist such as Mervyn, is able to earn a decent salary in Canada, is because Canada enforces what is known as "Controlled Immigration" that results in job security. MOVING TO CANADA: CHECK BELOW SITE http://15miles.info/move-to-canada/ http://15miles.info/quiz/ NIXON and CHINA The U.S. trade deficit with China was $347 billion in 2016. The trade deficit exists because U.S. exports to China were only $116 billion while imports from China were $463 billion. The United States imports consumer electronics, clothing and machinery from China. The U.S. debt to China is $1.05 trillion, as of November 2016. That's 27.8 percent of the $3.77 trillion in Treasury bills, notes, and bonds held by foreign countries (cant be transferred to collection agencies, I guess!). Meanwhile China and other countries employ cheap labour to cater to the US and other countries. The much attractive Christmas trinket at dollar store is made by such labour. Of course Corporates run on profits not sentiment, but whose pockets are lined? Regards MD