Thanksgiving Weekend Open Thread > Made In China

reply to Rob_

Re: Made In China

reply to Scatcatpdx
And think about how much more jobs that would be made if the products were made in the US as well.

I would loss. Zero sum gain is a fallacy: a job loss in China will not necessarily mean a job gain in the US. Were you around in the 1980's when PC was made in America but cost $3000 or ough one clothing for second had stores ans sewing was a necessary skill to patch clothing
Higher cost to manufacture item in the US will result in less demand and less demand for workers and all this business the support the free trade of goods. We wold not only the need for so many walmarts but all those front end and back office jobs will be lost.

reply to biochemistry
You aren't going to see many products made in America, so long as we have punitive corporate tax rates, punitive capital gains taxes (jacked 58% come January 1), high energy costs and regulatory excess.

We actually could induce foreign investment and rebuild a manufacturing base - our geography, distribution and stable political clime are quite attractive. But water, power, and gas rates are already too high, even before they're taxed. Add to that the byzantine bureaucratic nightmare everyone goes through in the permitting and build process, and the minefield of regulations and taxes, and we come up short, every time.

I agree with many of your points, but Wikipedia is not an authoritative source of information. It is good for a quick glance though... Actually, I think our effective corporate tax rates are some of the lowest in the world, but on the other side of the coin, the government shouldn't be trying to be all things to all people and taxing as much as it does. Yes there is a need for some but not all collection.

...and you've fallen for the temp tax cuts spin argument. I'm amazed at how well the media has conditioned us to think about certain ideas and ignore other ideas.

I would agree that Wikipedia is not sufficient for court cases or a doctorate thesis but for an Internet forum there is really no problem using it as a source. Most of the authors will cite the sources of their information and these can be verified if someone doubts the validity of the article.

Another way to think of it: if an argument is completely rebutted by a couple of amateurish Wikipedia articles, how valid could that argument be?

And to clarify, are you saying the Jobs and Growth Tax Relief Reconciliation Act of 2003 was not suppose to expire in 2008?