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To: Oldexpat

How, exactly, is this a win-win policy?

I suppose that sending pieces of paper with green markings on it for useful raw materials and energy that take work, capital, and effort to produce is really a case of us taking advantage of Brazil.

I wonder how long they will let us get away with it.


9 posted on 03/19/2011 6:09:07 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie
There is another article at today's Power Line putting a bit more flesh on this bone. Citing a BBC report, it notes that "According to the Brazilian Labour Ministry, 7,550 American citizens were granted a work visa in Brazil in 2010, up from 5,590 the previous year and more than double the number in 2006."

Although not noted in the article, if Brazil has a tax treaty with the United States, as many countries in South and Central America do, making income from U.S. sources nontaxable in Brazil and making income from Brazilian sources nontaxable in the United States, taxes paid by these workers will go to Brazil rather than to the United States. That does not strike me as a great thing for the United States.

If, as the article notes,
Here in the U.S., alarming numbers of people are unemployed or underemployed. In Brazil, "64% of employers find it difficult to fill job vacancies." The Obama administration has deliberately fettered our energy sector in pursuit of "green" goals. No other country in the world is that stupid; certainly not Brazil:
One of the key sectors for foreigners is energy, mostly because of the country's expanding oil and gas exploration industries. There are also opportunities in infrastructure, mining, retail and finance.
A possible but improbable upside for some of this may, I guess, be that an indeterminate number of illegal aliens from south of the border coming to the United States to make more money than they could elsewhere may instead decide to go to Brazil – if they have necessary skills and can get work visas. Should the Brazilian economy boom while that of the United States busts, they may not need significant skills.
10 posted on 03/19/2011 6:48:28 PM PDT by DanMiller (Dan Miller)
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