flow5

Time for the U.S. Economy to Reindustrialize

Try the Cannabis Café in Portland, Oregon. I'm sure they allow alarmists and cranks.

Time for the U.S. Economy to Reindustrialize

More MISDIRECTION: "Gretchen Morgenson at the NY Times writes about the tax loss carry-forward "gift" for home builders in the recently signed "Worker, Homeownership and Business Assistance Act of 2009": Home Builders (You Heard That Right) Get a Gift "

Time for the U.S. Economy to Reindustrialize

And the TRADE WAR continues: "BEIJING — China’s top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic recovery"

Time for the U.S. Economy to Reindustrialize

Past due. We need comprehensive incentives (investment tax credits, and accelerated depreciation on research & development), from our Federal Government: to help reinvigorate our industrial manufacturing base (to produce higher quality & lower cost, goods & services), not the redirection and albatross of $8,000 tax breaks for “new” home buyers, & $6,500 for repeat home speculators (The Worker, Homeownership, and Business Assistance Act of 2009). Not commercial real estate (strip malls, etc.).

We need real economic business investment to be targeted in new technology (in machinery, equipment, & software). We need the Federal Government as the “playing field” has been historically, increasingly competitive, and even more imbalanced (because of dumping, subsidies, tariffs, currency pegs, etc.).

E.g., the “idiosyncratic” Corporate Income Tax (gathered from “Corporate financial statements”), in China is 25%, in Hong Kong is 16%, in Japan is 30%, in Mexico is 25%, in Russia is 20%, but it is a combined Federal & State 39.1% in the U.S. (2nd highest among OCED countries).

These figures are not strictly comparable (equally weighted); but the results are corroborated using the tax revenue as a % of GDP metric):SEE: www.taxfoundation.org/...
SEE also PriceWaterHouseCoopers study where the U.S. is higher than 101 other countries, out of 178: www.doingbusiness.org/...