Posted on 01/28/2006 1:15:41 PM PST by Eaglewatcher
A crock.
How much tax do you think GM and Ford are going to pay with the losses they are running.
They aren't getting bankrupted by taxes, but by pension liabilities. (And to a lesser extent, health care liabilites).
If this is the way fair taxers think, you have to question everything they say.
You made a good point, and didn't even know it.
How much are Ford and GM going to pay in taxes while running huge losses?
Zero.
How much FICA and income tax will be paid by the laid-off workers?
Zero.
How much will we spend on unemployment, health care and welfare benefits for these workers and their families?
Megabucks.
This is good for our country as a whole exactly how?
Wiser tax and trade laws would encourage manufacturers to locate here. Of course, efficient non-union businesses would still crush the union dinosaurs- but the jobs would stay in this country.
If Ford shuts down a plant, and Honda reopens it the next day with a fairly compensated non-union workforce, that's good for the country. And Honda will be forced to pay fair wages, or the best machinists and assemblers will go work for Toyota or Subaru.
If Ford shuts down a plant, the workers end up on welfare or in dead-end service jobs, and the plant is razed and the high-tech machinery sold to China, that is bad for the country as a whole.
Suggest taxing the oil companies for their gluttony of profits to help out the auto industry since they're intertwined with each other.
Honda won't be forced to do anything. If the unemployed machinists don't want a job, they can just sit on their fat butts drawing those wonderful union benefits. The glut of available labor is going to depress wages. Thousands of applicants for tens of jobs puts the employer in control of compensation.
Last I knew we had a shortage of machinists, and a critical shortage of skilled, experienced machinists.
Gee, wouldn't it be terrible if the free market started determining wages, with the best employees getting the highest wages, and miserable, back-breaking jobs paying more than cushy ones?
What are you, smoking dope? American manufacturing LOSES MONEY. It doesn't pay income tax, BECAUSE IT DOESN'T HAVE INCOME.
And since the Scam Tax, sorry - FairTax(tm) taxes consumption, manufacturers of consumer goods will bear a disproportionate burden of the ScamTax(tm).
But then again, logic is not a strong point for you guys.
Does anyone know any particulars about the pension/healthcare plan. I have heard that workers are able to retire at fairly early ages. Are they eligible for full pension at that time? Is their healthcare plan fully or nearly fully paid? Do they HAVE to go on Medicare at age 65, or do they have the option of staying on the company plan? I have a felling I know the answer to a lot of these questions and it is no wonder the companies are broke.
Our current communist inspired tax system is monster killing our manufacturing base and far to few realize it. Mr. bender isn't amoung them obviously!
Great post!
This is not true. The economic simulations of the FairTax plan assumed that workers would not keep all of their current pay, they would keep 100% of their new smaller pay. By far the largest tax revenues come from income and payroll taxes and only by eliminating these costs from businesses can manufacturers become more competitive.
See the thread below for more details rather than rehashing the whole misrepresentation which Boortz has admitted should have been written differently. There is no "Keep 100% of your current paycheck" with the FairTax unless prices go up about 18-20%.
See this thread:
| JORGENSON EXPLODES FAIRTAX MYTH (FR Exclusive) |
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| Posted by RobFromGa On News/Activism 08/25/2005 12:40:44 AM EDT · 702 replies · 9,117+ views |
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Toyota and Nissan aren't about to re-open closed Ford or GM plants, nor will they be willing to hire the ex Ford or GM employees no matter what the tax policies are. (Honda, for some reason, is willing to build in unionized areas). So Nissan locates in Tennessee or Mississippi, and Toyota goes to Texas or Tennessee, the Koreans go to Alabama, but no one is going to want the Ford or GM plant in Atlanta, or any of the other factories that the dying companies are shutting down.
At this point, even protectionist duties aren't going to help the Americans.
Look who's talking about logic not being a strong point ... manufacturers are not taxed under the FairTax.
They're not taxed under the "income tax" either, Einstein - BECAUSE THEY DON'T HAVE ANY INCOME.
Youf're still posting the link to your misleading vanity site which does not show what you claim it does. Workers pay will certainly go up greatly with the elimination of payroll taxes.
It's not The FairTax Book that has the misrepresentations - it's your vanity posts! You keep spewing your nonsense in your posts and that "stuff" has been repeatedly rebuffed by several FairTax supporters.
One of the reason that the companies that export are running at a loss is that their export prices are higner than they need to be bec ause of the income tax component that is embedded in the prices of things going to other countries.
This is one of the things the FairTax helps to correct.
I want to be on record - I strongly support this legislation. I need to start writing some letters on this. I'm right in the middle of a move, but when I get done - I need to get on it!
Companies that don't have any income have a problem that the fair tax can't solve. They should go out of business and be replaced by companies that do have income. The fair tax wouldn't be a hindrance on viable companies like the income tax is.
You have proven repeatedly that you are not mentally equipped to understand this legislation and I have no intention of rehashing the same old discussion with you. The record is already there on the previous threads.
I happen to be one of those people who knows that this FairTax has no chance of getting passed since it is a big lie, so I am not spending any time worrying about discussing it again. I'm just pointing out to any new people thinking about jumping on the FairTax band wagon that there are major flaws in the way it is being sold, including in this article which perpetuates the "Keep 100% of your paycheck" Free Lunch myth which has been totally exposed as wrong even by Boortz himself.
That'd be great ... please do so. And encourage others to do that, too! Every single bit of input helps.
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