Quote:
Originally Posted by OldJeff
Holy fuck... a business closed stores that are not profitable, how fucking shocking.
Uh... business does not exist to create employment, it is just a nifty side effect of the process
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Businesses still do create employment, in China Apple have a lot of factories, along with all the other companies that rely on the West for sales. How many of the cars made in Ford Mexico are sold in Mexico v the US? They moved to States that took less tax, do those States have a balanced budget or need to borrow?
The US is borrowing itself into a deep hole. Because US taxpayers aren't paying the bills required to keep the country functioning. The easiest solution is to get more people back into work in the US not China. Imagine a car plant in California instead of Mexico and the taxes that would generate. Or in States that had a tax rate that was high enough to eliminate the need to borrow. Some examples of that are easy to find.
State of California Debt Clock More people in better paying real jobs, like a car plant, helps eliminate the problem. Just one small example of a wide problem.
When the Government can't find people to loan money. Does anyone think the owners of Walmart and Ford will hang around to bail out the country? Or leave ordinary Americans to suffer?
Yes cut spending, but where, police, education, hospitals, etc? It won't be anything like the military, or funds that go to big business, too many earn too much to cut those sectors.
This is a problem we have in the UK. China is dumping cheap steel onto the markets, so the UK is cutting production and jobs. Eventually closing the mills. Will China keep the price low, will new jobs spring up to replace the income lost?