Quote Originally Posted by FastMan View Post
Really, FastMan? How would that work?

Well, FastMan, with a consumption tax the price the consumer would have to pay for domestically produced goods would change very little. The producer would be able to drop the price of his goods because he/she would not have to charge for the cost of taxation he/she was burdened with before. They could drop the price of the product and still end up with the same amount of bottom line profit. For the consumer, the consumption tax added on at the store would bring the end price of the product being bought back to about the same level it was in the old system.

But FastMan, how does that help the domestic producer compete with oversees producers?

Think about it, FastMan. The oversees producer is still burdened with the corporate tax imposed by their country, which he/she has to account for in the price they charge for the goods they produce. Say their nations corporate tax rate is 20 percent. That's an extra 20 percent fixed cost they have to tack on the price of their product that the American producer does not have to do. Advantage our guys!

Cool, I get it. Thanks FastMan!

No problem.

That will never happen. They COULD drop prices, but historically that doesnt happen. They WILL charge what the market will bear. Period, end of list. WHY does a car cost $20K AVERAGE now? Because people will pay it. Plain and simple.

Foreign companies are not our issue. We are still the largest manufacturing nation on the planet and the largest issue to corporate success in this country is that the general public hates to see corporate success. EVEN WHEN THEY WORK FOR THE COMPANY, many citizens hate the fact thier company succeeds because they believe they "deserve" a larger "peice of the pie" and that the company is getting rich on their backs. Um yeah, thats right. Someone had an idea, then worked hard to come up with a plan, line up resources, took some risk and despite the odds managed to succeed. The people who backed them by investing money see a profit, sometimes very large profits. Does that mean that they should then share the wealth with all members of the company? Maybe, maybe not. But it is seriously screwed up to hate a company that pays a wage for being "an evil corporation". THEY PROVIDE THE JOBS. Seriously, if you dont like what you are paid, quit and go somewhere else and see how green the grass is. Whats that? The going wage for your particular job is X and you were making more than the average and now your screwed because you didnt realize how good you had it? Tough. Starve. Whats that? Your job doesnt pay for you to roll around in a new 60K diesel truck and have a new LED TV in every room of your McMansion that you paid 1.5times to much for and now your credit sucks and you cant take a vacation to the Fiji Islands??? Tough, starve and learn to live within your means.

Seriously the problem with this country is not white collar, its blue collar and I say that as a blue collar who hires and fires wastes of humanity on a regular basis.