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Tax Cuts Do What?
Opinnion Journal ^ | February 29, 2004 | Thomas Sowell

Posted on 02/29/2004 6:32:10 AM PST by GaryL

Edited on 04/23/2004 12:06:33 AM PDT by Jim Robinson. [history]

Some years ago, the distinguished international-trade economist Jagdish Bhagwati was visiting Cornell University, giving a lecture to graduate students during the day and debating Ralph Nader on free trade that evening. During his lecture, Prof. Bhagwati asked how many of the graduate students would be attending that evening's debate. Not one hand went up.


(Excerpt) Read more at opinionjournal.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; Foreign Affairs; Government; News/Current Events
KEYWORDS: bushtaxcuts; economics; reagan; sowell; taxcuts; taxes; thomassowell; trade; williegreeniscrying
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To: KC_for_Freedom
I thought FEC rules/regs did that very thing, I think candidates are required to file a personal financial statement with them.

Yes ??

21 posted on 02/29/2004 10:20:03 AM PST by skip2myloo
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To: skip2myloo
Outside my area, durn if I know. Sounds like a good idea though. I cannot remember ever hearing a statement like"
Mr so and so has a clean financial record and he is cleared to run for the office of..."
22 posted on 02/29/2004 10:43:45 AM PST by KC_for_Freedom (Sailing the highways of America, and loving it.)
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To: KC_for_Freedom
Like Enron and MCI accountants, I doubt they'd file a statement that shows clear evidence they are corrupt.

Cheney owned stock in Halliburton, that didn't make him ineligible to run. Once elected, as an ethical matter, his portfolio went into blind trust (I bet Halliburton stock is still there).

But, that's what I mean about false impressions, I would rather have Cheney as VP than some career politician who never made more than $140K in his life.

But, I believe FEC would take action if they saw a violation of the law, or a clear conflict of interest. Of all the Fed agencies, FEC actually does pretty well.

Although there is another FR thread right now folks are upset the FEC is checking out Sharpton's use of money, but not Kerry's $6M mortgage.

I don't know if we can ever get money out of politics.

But I do know this, money doesn't corrupt politicians - they corrupt themselves.

23 posted on 02/29/2004 10:55:56 AM PST by skip2myloo
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To: lewislynn
how many of those cars are for the Japanese market?

Wait a second-- when a US manufacturer opens a plant in China, it's good for China at our expense.  And when some foreigner opens a plant in the US it's bad for us and they profit?

Am I missing something?

24 posted on 02/29/2004 11:21:57 AM PST by expat_panama
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To: lewislynn
Yes but for comparison purposes, how many of those cars are for the Japanese market?

None..........all are sold here in the USA. These cars are referred to as "transplants"

25 posted on 02/29/2004 11:57:58 AM PST by Tripleplay
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To: expat_panama
Wait a second-- when a US manufacturer opens a plant in China, it's good for China at our expense. And when some foreigner opens a plant in the US it's bad for us and they profit?

Am I missing something?

One of us is.

When a US manufacturer opens a plant in China, it's good for China at our expense

It's at our expense (jobs wise) when the plant in China isn't for the China market but rather the US market...How many Chinese plants are in the US and other than manufacturing eqiupment from closed plants , what is exported to China?

Toyota didn't build a plant here for their Japanese market...get it?

26 posted on 02/29/2004 12:06:38 PM PST by lewislynn (The successful globalist employee will be the best educated, working for the lowest possible wage.)
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To: lewislynn
In other words, if 'X' country builds a plant in 'Y' country, which ever one is America it's bad for America.  That point of view sure makes the Americans look like idiots.

27 posted on 02/29/2004 12:27:10 PM PST by expat_panama
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To: GaryL
good post
28 posted on 02/29/2004 12:28:11 PM PST by luckydevi
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To: lewislynn
The toyota factory uses American labor to produce cars for the American market. Profits go back to Japan.

The US manufacturing plant in China uses Chinese labor to produce goods. The goods and profits are sent back to the US.

"good" and "bad" depend on whether you're the consumer, the capitalist, the worker, or the unemployed worker.

29 posted on 02/29/2004 4:12:31 PM PST by RagingBull
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To: RagingBull
I was only trying to make the point that Sowell's Toyota example/comparison was a poor one..he should know better and so should anyone else paying attention.

Unlike American corporations, Toyota is not outsourcing their labor for the Japanese market. If Ford or GM , for example, want to build plants in China or Japan for those markets so be it.

I never used the words good or bad, though you put them in quotes.

30 posted on 02/29/2004 4:24:44 PM PST by lewislynn (The successful globalist employee will be the best educated, working for the lowest possible wage.)
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To: RagingBull
Toyota building plants here is business expansion. I'll bet not one Japanese worker was layed off because of a new plant in America...That's the difference.
31 posted on 02/29/2004 4:27:58 PM PST by lewislynn (The successful globalist employee will be the best educated, working for the lowest possible wage.)
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To: skip2myloo
I don't know if we can ever get money out of politics.

I do, you can't. But in the words of Jesse Unruh, "If you can't take their money, f*** their women, and then vote against them, you don't belong in politics."

I believe I can live with campaign finance disclosure. But I still wonder about those cattle futures...

32 posted on 02/29/2004 7:26:41 PM PST by KC_for_Freedom (Sailing the highways of America, and loving it.)
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To: KC_for_Freedom
Agree.

But, because those cattle futures were a done deal she had concluded long before she ever sought office, that deal would not have required "disclosure," at least I don't think so.

And, it was "her" trade way back when, not Bubba's, at least technically, - so it didn't hit his disclosure either.

Most crooks are congenital crooks, and they're gonna connive and finagle all they can to avoid rational disclosure.

Just like the cattle futures, the people are gonna have to smoke out these charlatans and expose them for who they really are.

Disclosure is kinda like Gun Control.

The good guys will disclose truthfully, giving up their privacy.

The bad guys will not disclose truthfully and they lose nothing - not even their privacy.

Until they get caught -- which, eventually, they will.

33 posted on 03/01/2004 1:31:11 AM PST by skip2myloo
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To: lewislynn
"Building Toyotas here makes good business sense...as Henry Ford said "build'em where they buy'em"

Henry Ford was the owner of an American company, building cars in America.

We have been suckered into believing that maintaining our inflated wages is so important, that we are willing to become the employees of a nation we defeated half a century ago.

Protecting our auto manufacturing jobs translated into selling our market to the Japanese.

Guess what the two best selling cars in America are today?

#1 -- Camry
#2 -- Accord

We've lost our own market, and now work for foreign firms.

34 posted on 03/01/2004 2:37:03 PM PST by Luis Gonzalez (Unless the world is made safe for Democracy, Democracy won't be safe in the world.)
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To: lewislynn

All your market, are belong to us...BANZAI!!!!!!


35 posted on 03/01/2004 2:41:55 PM PST by Luis Gonzalez (Unless the world is made safe for Democracy, Democracy won't be safe in the world.)
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To: 1rudeboy
**PING**
36 posted on 03/01/2004 8:43:02 PM PST by Luis Gonzalez (Unless the world is made safe for Democracy, Democracy won't be safe in the world.)
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To: Luis Gonzalez
Henry Ford was the owner of an American company, building cars in America.

Ford History

...Paralleling Ford's domestic growth was a foreign >expansion program which began in 1904, just one year after the company was formed. On Aug.17 of that year, a modest plant opened in the small town of Walkerville, Ontario, with the imposing name of Ford Motor Company of Canada, Ltd. From this small beginning grew an overseas organization of manufacturing plants, assembly plants, parts depots and dealers, with Ford represented in some 200 countries and territories around the world. About 60,000 companies worldwide supply Ford with goods and services.

More than 338,000 men and women now come to work each day in Ford factories, laboratories and offices around the world. Ford products are sold in more than 200 nations and territories by a global network of some 10,500 dealers. And the company's annual sales exceed the gross national products of many industrialized nations. With 6.7 million car and commercial vehicle sales in 1994, Ford held a 13 percent global share....

----

Ford was the first international company. Within three years of its founding, Ford was exporting cars to Europe. Within ten years, Ford had assembly plants in Canada, Europe, Australia, South America, and Japan, Henry Ford's policy was to become a contributing citizen in every country where Ford sold cars. His slogan was "Build them where you sell them."

37 posted on 03/01/2004 9:48:27 PM PST by lewislynn (The successful globalist employee will be the best educated, working for the lowest possible wage.)
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To: Luis Gonzalez

Doing the work Americans won't do.

38 posted on 03/01/2004 9:52:28 PM PST by lewislynn (The successful globalist employee will be the best educated, working for the lowest possible wage.)
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To: lewislynn
Today, Ford can't compete in America.

Let's protect those Union wages some more!!!!!!
39 posted on 03/01/2004 9:55:49 PM PST by Luis Gonzalez (Unless the world is made safe for Democracy, Democracy won't be safe in the world.)
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To: lewislynn
I dare you to come to one of my restaurants, and hire an American-born dishwasher.
40 posted on 03/01/2004 9:57:30 PM PST by Luis Gonzalez (Unless the world is made safe for Democracy, Democracy won't be safe in the world.)
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