Another hit to our economy.....
- Thread starter mimico_polak
- Start date
Government involvement IS the reason why these companies are shutting down or moving out.
We need less government and lower taxes in a hurry.
We need less government and lower taxes in a hurry.
err....lets reduce the minimum wage and maybe then they will stay just nobody will be able to afford to live near the plants, or eat, or....
Government involvement is not the reason the plants are closing...making more profit is the reason the plants are closing. These places have no stake in the community, their shareholders have stakes in the companies and they just care about returns.
Lower corporate taxes don't create the jobs they claim they will, it has been proven over and over again. The jobs will flow to where the best cost benefit is, full stop! Which in some cases may actually be the high corporate tax jurisdiction (to maximize tax benefit/write-offs), the economics are very complex. The money may flow to the low tax, but money sitting there doing nothing doesn't solve any issues.
What will create jobs is lower cost to employ people and make the product, this does not have to be wages (wages are only part of the end cost). Instead we need to look at making environmental costs lower, workplace insurance lower, health/dental "insurance" costs lower, electricity lower, natural gas lower, commercial property tax lower, transportation costs lower, less redtape, etc. The challenge is to do this without putting people at risk via lower safety or environmental standards.
Lower the cost to employ people and make the product and companies will make the product here, everyone always goes for wages or taxes and it is so much more than that. Lowering corporate income tax will just encourage them to park their money here, not to actually do anything here.
What will create jobs is lower cost to employ people and make the product, this does not have to be wages (wages are only part of the end cost). Instead we need to look at making environmental costs lower, workplace insurance lower, health/dental "insurance" costs lower, electricity lower, natural gas lower, commercial property tax lower, transportation costs lower, less redtape, etc. The challenge is to do this without putting people at risk via lower safety or environmental standards.
Lower the cost to employ people and make the product and companies will make the product here, everyone always goes for wages or taxes and it is so much more than that. Lowering corporate income tax will just encourage them to park their money here, not to actually do anything here.
Yes making profit is the motive of every company. When the costs go up, companies have to cut back. Government taxation, fees and regulation kill companies bottom-line.
As well price of raw materials go up mainly due to debasement of the monetary system. It’s not hard to understand this.
You said reduce min wage because they couldn’t live near the plant. Why did it cost so much to live in that area?
Housing is going up because of artificially low rates and cheap money policy.
http://www.youtube.com/watch?v=Y4WmDoYJhnk
But most of the population don't understand this and they will learn the hard way like these factory workers are now.
As well price of raw materials go up mainly due to debasement of the monetary system. It’s not hard to understand this.
You said reduce min wage because they couldn’t live near the plant. Why did it cost so much to live in that area?
Housing is going up because of artificially low rates and cheap money policy.
http://www.youtube.com/watch?v=Y4WmDoYJhnk
But most of the population don't understand this and they will learn the hard way like these factory workers are now.
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they find it easier to get little boys and girls there.
If corporations reach a point where they only benefit a small number of people in our society, then the relationships of corporations to our society might need to be re-evaluated.
Which is a fancy way of saying that if you fire everyone and take all the money, you're not going to have too many people left on your side.
Similarly, companies who outsource heavily or use large numbers of contract workers have found that employee theft and sloth is skyrocketing. I work for a large company, and I can tell you that our worst internal thieves are easily the third-party guys, by a mile. Hell, even governments have jumped on the bandwagon and are getting the same thing. Edward Snowden was a third-party contractor (albeit a well-paid one).
The big boys have forgotten that loyalty is a two-way street.
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I almost always believe in less government intervention, however, here I think it is needed. Wage equalizing import duties should be put in place. If the average Canadian wage is $20/hr and the average in China is $2/hr, then slap everything that comes in with a 1000% import duty. Take the proceeds and give them out as business grants/loans here.
Red_Liner740
Well-known member
but remember, NA is big bad polluter and running our industry into the ground via regulations and carbon tax BS is good for everyone!
and yea, thats what China looks like a lot of the time. Gloomy and dark, only time the skies are clear is when its windy out. Dont you dare leaving a window cracked overnight for some air, you will have a layer of soot on everything in the room. I made that mistake the first day.
and yea, thats what China looks like a lot of the time. Gloomy and dark, only time the skies are clear is when its windy out. Dont you dare leaving a window cracked overnight for some air, you will have a layer of soot on everything in the room. I made that mistake the first day.
Can't say as I blame them, given how bad the air is over there.
And then watch as China slaps a 1000% duty on all the grain, fuel and minerals we export over there...
i employ 25 people. The biggest expense I can't do much about is rent. Only due to the fact most of my employees take the subway and I have to be on the yonge line with underground access or I will have some unhappy highly skilled highly paid people. Everything else is pretty cheap or reasonable to run the business. Can you outsource or move and get wages and rent for a lot cheaper? Yes but for me the business would be inferior. For other companies who just manufacture a product such as ketchup they can do that anywhere in the world and therefore will find a cheaper spot to do it. Free market competition unfortunately benefits some and hurts others. That's life
To many middle men who provide no value. From what it costs my employer to have me, to what I stick in my jeans after EVERYBODY is payed off is a huge gap. How can I contribute to the real economy under those circumstances? I'm sure businesses carry the same burden. They say that's life. Whatevs. There's got to be a better way.
Not really, Quebec gave massive tax breaks to high tech/biotech/pharma companies relocating to the Dorval area corridor. Many of those are gone now including Merck, one of the largest employers in that area of very highly skilled people. Bottom line, companies do not give a crap about their communities in most cases. Tax breaks or not. Don't blame the government for corporate greed.
What middle men
That's just a catch all term I used for any entity that has a finger in my pie.
Sounds like the word you want is jealousy and or ignorance if your comment is about what you feel and not reality
