11 Long-Term Trends That Are Absolutely Destroying The U.S. Economy

The Economic Collapse ^ | 10/06/2010

[CutePuppy]

From Intel CEO Calls for US Manufacturing Tax Breaks - Reuters via CNBC, 2010 October 06 :

Otellini said 90 percent of the difference in cost is down to tax and incentive policies rather than labor costs. ..... < snip > ..... Otellini said government incentives were part of the reason Intel was building a new chip making facility in Dalian, China.

[aNYCguy]

The cost of labor per manufactured unit is small compared to the cost of taxation, regulation, and outrageous union benefits.

You have just said that the cost of labor is small compared to the cost of labor.

[Partisan Gunslinger]

You have just said that the cost of labor is small compared to the cost of labor.

Union pensioners are not laborers. They are not contributing labor per unit.

[Partisan Gunslinger]

In the 19th century England embarked on a regime of free trade, one-way free trade. Other countries can impose all the tariffs and restrictions they wish. Those chains on their access to free trade hurt them, not their trading partners.The country that hampers trade the least will be the most prosperous. “Fair” trade is not free trade. It is hampered trade and directs capital to inefficient directions.Imposing tariffs because another country imposes tariffs is like saying, “Well!I’ll show you!” and then shooting off one of your own toes.

Exactly! Bears repeating.

[Partisan Gunslinger]

Oops...old thread. I need to check my pings more often.