Quote:
Originally Posted by epitome
Free market at work. Adapt or die. Don't bitch about it, do something about it.
(Target and Android are so much better)
I've never understood the "businesses provide this, businesses provide that" argument. Without employees there would be nothing to do to grow wealth. Employees are also customers. Money just keeps changing hands. Employees are just as valuable as the owner.
All anybody wants is everybody to pay their fair % based on the progressive tax system that has always existed in modern times and is part of what let this country become what it is (before you argue that, think highway system which promotes commerce). There is now blow back against that because certain people got a decade long temporary tax break that they do not want to let go of.
Income is income. There is no reason capital gains should be taxed less than other income. It is not double taxation because it is only taxation on new income.
There are all kinds of perfectly good tax advantages out there like 1031 exchanges that should never go away. People start having a problem when you have a Presidential candidate paying less than 10% on his income because he is exploiting his church with a tax loophole that Congress had to close.
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I have adapted, we have purchased welding robots, CNC machinery, lasers and numerous other pieces of automation. We are very close to pulling the trigger on a plastics molding system that is completely automated. Lights off 24/7.
This is what the future is for manufactuing. Margins are so thin because of unfair Chinese trade. You see the downside of your adapt or die comment. Business continues to adapt at the expense of US labor. Business has to try and compete on a global basis with people that are happy working for a small percentage of the cost we have to pay.
And driving those cheap prices are the consumers who only care about buying as cheap as possible. All this talk about business getting such cush deals from the government is overblown. A handful of the largest companies get good deals. The rest of us get nothing.
We get OSHA inspections, EPA audits,EEOC investigations,Homeland Security inspections.
We only get tax breaks for rapid depreciation when we invest in capital equipment. When you read about all these breaks that manufacturing gets, realize it's the fortune 100 and then believe about half of what you read.