BoatBanter.com - Avoiding taxes....

wrote:
On Sun, 25 Jul 2010 20:53:56 -0400, bpuharic wrote:

On Sun, 25 Jul 2010 20:44:51 -0400, wrote:

On Sun, 25 Jul 2010 19:25:18 -0400, bpuharic wrote:

You really do not knwo economics if you do not understand government
cannot create wealth.
weatlh has many forms. and yes, govt can create wealth

ever hear of public education?
You don't want to go there. The public education system has created
those 100,000,000 million people without the job skills to compete in
a world economy.
uh no.

wall street did that.

virtually all those people were employed prior to 2007. then wall
street went crazy and destroyed the economy.

or are you saying that, in a period of 3 years, the entire educational
structure of the US collapsed and caused 50 year old workers to lose
their skills?

I am saying there were a lot of people working in jobs that don't
really require much skill and making a lot of money. Those jobs moved
offshore.

No, you hammered the public education system, as you've hammered unions,
and American workers in general.
Only Wall Street seems to escape your criticism.
The only part you got right so far is inflated salaries.
Lucky for you and me we cashed in on that before Wall Street got in gear
and shipped our jobs offshore, eh?

If you are a "rust belt" auto worker you better move to Tennessee or
Mexico if you are not willing to learn a whole new profession.

Here's a clue. Tennessee has a 10.1% unemployment rate.
And Mexico doesn't look kindly on illegal gringos.
There is no "whole new profession" not subject to a bad economy.
If everybody learns to be a nurse, nurses will make minimum wage.
Hope you're not naive enough to think all the rust belt factory workers
should become nurses, brain surgeons or pet boutique operators.
Even if they could.
Hell, I've seen examples of those who changed professions by going to
school to become teachers and can't find a job.

There
is nothing the government can do about that.

Sure it can, and eventually it will when things get bad enough.
Restrictive trade policies, tax incentives for manufacturing, etc.
You really don't think all other developing and third world countries do
this?
I expect widespread homelessness will prod the gov a bit.
After all, homelessness and hunger are indications of a developing or
third world nation. Looks sort of like that's where we're headed.
Something like this would knock 6 points of the unemployment figures.
http://en.wikipedia.org/wiki/Import_Certificates
When the pain becomes explosive, such solutions will be become real.
But there will be no more of that free money that boomers like me and
you scored.
All looking at the past for answers is useless, as is the blame game.
Solutions are needed, not blame, hand-wringing, or can't-do attitudes.
This is an entirely different world than it was a short few years ago.
All your bull**** about how made it doesn't even apply.
You're an antique. So am I, but I know it.
One thing doesn't change though; the wheels that squeak the loudest will
get oiled.

Our universities give people a well rounded liberal arts degree with
very little that actually has anything to do with what an employer
wants you to do at work.

Nobody is forced into a curriculum, and there are many avenues for
education other than lib arts.
Most students pick curriculum with the job market and their own
abilities guiding the selection.
But there's no point if there's no job market.

They have business school graduates who don't have a clue how to
actually run a business.

You talking about the guys running Wall Street?

As you are complaining about, even an engineering degree is no
guarantee of a good job, particularly when there is a kid in India
with a fresher degree and all the new technology knowledge who will
work for $10,000 a year.

I think pbuharic's technical education is some degree above yours and
mine. I haven't seen him express worries about losing his job.
Only one I've seen here that appears to have had his job was killed is
you. But I've heard of plenty of others.
Would you like pbuharic to lose his job to a $10,000 Indian if you saved
a buck on the product he works on?
The other +$100k bucks saved would go to Wall Street titans with some
spread out to shareholders. Most jobless aren't shareholders.
Maybe former shareholders.
One thing for sure, it will further weaken the U.S. economy.
I know Deplume has no problem with that, and it's pretty much the same
with all the "middle class" conspicuous consumers.
That's why some government management of trade and business incentives
is needed to keep jobs here.
Until they get Americans working again all the pols are in for a hot time.
They can't kick massive unemployment too far down the road.
The masses are a stupid lot and will crap in their own abode, including
the so-called "middle class."
pbuharic probably shops at Walmart like the rest of us.
If more had some measure of that liberal arts education you deride, they
would have known the meaning of the bell's tolling.
But no, they had to learn the hard way.
Now they're squealing like stuck pigs. Even rich guys like bpuharic.
We'll see whose squeak gets oiled.
Sometimes the masses win, sometimes the money wins.

Jim - Global economics is no simple matter. Homelessness, lack of
medical care, and hunger because there's no work ain't too complicated.