Where’s the energy around requiring real audits of any company accessing US capital markets? I liked that idea. If business practices are fair and ethical then we should allow some outsourcing, however China using slave labor and state money to corner markets and industries continues to be a huge national and global risk.
I guess I keep coming back to the question of are the taxes and labor costs prohibitive enough to truly cripple these businesses if the flip side is more Americans have decent jobs and wages? Is there truly no wiggle room or middle ground? I know business is about the bottom line but it seems like the bottom line is hurting the interior of the country. Bot mentioned the Hub effect, which is also contributing to that.
Yes. That's why the USA leads the works in mfg output.
If a person is only capable of working on a manufacturing line it's not a company's problem. There are currently millions of jobs for skilled workers and trades people.
AI and automation should in theory decrease China’s advantage in labor prices. The death of retail will reduce company inventory assets dramatically. It’s gonna be build quickly on demand of sale, not build in advance and hope it sells. Shorter supply chains. Of course unless we go communist. Or have massive inflation.
With the forced advent of working from home and the subsequent lessons learned, there is going to be a huge inventory of unused commercial real estate space. States with no or low income tax rates are going to make out like banshees. Oregon will attempt next month to raise their top income tax rate from 10% to 13%. Toss in the new 1% Portland Metro. Telecomuting from Vancouver instead of driving to the downtown Portland office will result in at least a 9% wage increase. If you were a hedge fund manager - rather work from Florida in the winter or riot threatened NYC and save 12% in income taxes? The phucking leftards aren't real good at numbers and sh*t.
With the forced advent of working from home and the subsequent lessons learned, there is going to be a huge inventory of unused commercial real estate space. States with no or low income tax rates are going to make out like banshees. Oregon will attempt next month to raise their top income tax rate from 10% to 13%. Toss in the new 1% Portland Metro. Telecomuting from Vancouver instead of driving to the downtown Portland office will result in at least a 9% wage increase. If you were a hedge fund manager - rather work from Florida in the winter or riot threatened NYC and save 12% in income taxes? The phucking leftards aren't real good at numbers and sh*t.
They crafty Oregon legislatures in 2019 decided to tax people if their income came from Oregon, regardless if the were physically in Oregon or not. So that 9% can’t be avoided. Allegedly
I'm going to give you guys a hot tip. Over the next ten years there is money to be made in converting office space to condos and shopping centers to mixed use work, live, shop green living centers
I'm going to give you guys a hot tip. Over the next ten years there is money to be made in converting office space to condos and shopping centers to mixed use work, live, shop green living centers
Yup. That's the only use for downtown office space is condos. Spoke with a pretty large professional firm a week or so and they are downsizing to less than 1/3 of their previous footprint - a couple conference rooms, a couple shared office spaces and that's it. Used to be all the partners and most staff had their own offices. Gone. Just gone, no warning.
Assuming the fucking rioters, looters and homeless are dispersed properly.
With the forced advent of working from home and the subsequent lessons learned, there is going to be a huge inventory of unused commercial real estate space. States with no or low income tax rates are going to make out like banshees. Oregon will attempt next month to raise their top income tax rate from 10% to 13%. Toss in the new 1% Portland Metro. Telecomuting from Vancouver instead of driving to the downtown Portland office will result in at least a 9% wage increase. If you were a hedge fund manager - rather work from Florida in the winter or riot threatened NYC and save 12% in income taxes? The phucking leftards aren't real good at numbers and sh*t.
They crafty Oregon legislatures in 2019 decided to tax people if their income came from Oregon, regardless if the were physically in Oregon or not. So that 9% can’t be avoided. Allegedly
That's the result of the Supreme Court Wayfair decision. That only allows the state to tax commercial sales into the state. Oregon can't tax a person working in Washington. Only Washington can do that.
I guess I keep coming back to the question of are the taxes and labor costs prohibitive enough to truly cripple these businesses if the flip side is more Americans have decent jobs and wages? Is there truly no wiggle room or middle ground? I know business is about the bottom line but it seems like the bottom line is hurting the interior of the country. Bot mentioned the Hub effect, which is also contributing to that.
I would pay more for American made. Hell you can barely find American made items on the shelf these days. Except for guns. We make the bestest and the mostest. That way we are free!
Let me caveat by saying i dont know shit about any of this...
What are the big hurdles to bringing outsourced jobs and manufacturing back to america? Is the main issue that companies just want the biggest margins possible? Is this just a labor cost issue? TIA
Americans cost more (higher salaries, employers pay for health insurance in US, etc.).
Also, China subsidizes some businesses, meaning that they can sell products at unbeatable prices.
US needs to create incentives for businesses to do stuff in America.
Or eliminate disincentives to do stuff in America. And we do subsidize some industries here; ag, aerospace, energy.
The only energy we subsidize is renewables. It make American energy more expensive which is stupid since having low energy inputs is a huge manufacturing incentive.
The only energy we subsidize is renewables. It make American energy more expensive which is stupid since having low energy inputs is a huge manufacturing incentive.
Good to hear that fossil fuels are renewable.
The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
The only energy we subsidize is renewables. It make American energy more expensive which is stupid since having low energy inputs is a huge manufacturing incentive.
Good to hear that fossil fuels are renewable.
The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
Tax breaks are only “subsidies” if you consider that those dollars belong to the government. Newsflash: people who work in oil and gas still pay taxes.
The only energy we subsidize is renewables. It make American energy more expensive which is stupid since having low energy inputs is a huge manufacturing incentive.
Good to hear that fossil fuels are renewable.
The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
Tax breaks are only “subsidies” if you consider that those dollars belong to the government. Newsflash: people who work in oil and gas still pay taxes.
The only energy we subsidize is renewables. It make American energy more expensive which is stupid since having low energy inputs is a huge manufacturing incentive.
Good to hear that fossil fuels are renewable.
The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. European Union subsidies are estimated to total 55 billion euros annually.
The only subsidies are the same deductions that any manufacturer gets. What we get is cheap and efficient energy that creates millions of jobs and hundreds of billions in tax revenue. Coal is on its way out because natural gas is so much cheaper. Meanwhile, the subsidies and mandated government renewable standards are costing US taxpayers and electric customers hundreds of billions.
The only energy we subsidize is renewables. It make American energy more expensive which is stupid since having low energy inputs is a huge manufacturing incentive.
Good to hear that fossil fuels are renewable.
The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. European Union subsidies are estimated to total 55 billion euros annually.
The only subsidies are the same deductions that any manufacturer gets. What we get is cheap and efficient energy that creates millions of jobs and hundreds of billions in tax revenue. Coal is on its way out because natural gas is so much cheaper. Meanwhile, the subsidies and mandated government renewable standards are costing US taxpayers and electric customers hundreds of billions.
no argument that we benefit from lower energy costs because of the subsidies(~$650B/year). But you said the only energy we subsidize is renewables, patently false.
another source of federal aid to the fossil fuel industry is the discounted cost of leasing federal lands for fossil fuel extraction.
Coal should be on the way out but trump loves him some coal votes we be putting $$ in that basket too.
Research and Development Subsidies:
DOE Office of Fossil Energy R&D FY2019 Funding (Select Examples)
Coal Carbon Capture and Storage (CCS) and Power Systems: $25 million
Carbon Storage (CCS retrofits at coal and natural gas facilities): $30 million
Advanced Energy Systems: efficiency, reliability & flexible operations: $37 million
National Energy Technology Laboratory Coal Research and Development: $18 million
Unconventional Fossil Energy Technologies (unconventional gas & oil): $13.5 million
With the forced advent of working from home and the subsequent lessons learned, there is going to be a huge inventory of unused commercial real estate space. States with no or low income tax rates are going to make out like banshees. Oregon will attempt next month to raise their top income tax rate from 10% to 13%. Toss in the new 1% Portland Metro. Telecomuting from Vancouver instead of driving to the downtown Portland office will result in at least a 9% wage increase. If you were a hedge fund manager - rather work from Florida in the winter or riot threatened NYC and save 12% in income taxes? The phucking leftards aren't real good at numbers and sh*t.
They crafty Oregon legislatures in 2019 decided to tax people if their income came from Oregon, regardless if the were physically in Oregon or not. So that 9% can’t be avoided. Allegedly
That's the result of the Supreme Court Wayfair decision. That only allows the state to tax commercial sales into the state. Oregon can't tax a person working in Washington. Only Washington can do that.
That is incorrect. If a person is a contractor or employ physically in Washington, but is doing remote work for an Oregon company, that is Oregon state taxable income. New in 2018
Comments
If a person is only capable of working on a manufacturing line it's not a company's problem. There are currently millions of jobs for skilled workers and trades people.
Assuming the fucking rioters, looters and homeless are dispersed properly.
But your first sentence is spot on.
https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs#:~:text=Conservative estimates put U.S. direct,total 55 billion euros annually.
This article does a decent job of explaining some of the roadblocks to returning manufacturing back to the US:
https://hbr.org/2020/04/bringing-manufacturing-back-to-the-u-s-is-easier-said-than-done
The only subsidies are the same deductions that any manufacturer gets. What we get is cheap and efficient energy that creates millions of jobs and hundreds of billions in tax revenue. Coal is on its way out because natural gas is so much cheaper. Meanwhile, the subsidies and mandated government renewable standards are costing US taxpayers and electric customers hundreds of billions.
another source of federal aid to the fossil fuel industry is the discounted cost of leasing federal lands for fossil fuel extraction.
Coal should be on the way out but trump loves him some coal votes we be putting $$ in that basket too.
Research and Development Subsidies:
DOE Office of Fossil Energy R&D FY2019 Funding (Select Examples)
Coal Carbon Capture and Storage (CCS) and Power Systems: $25 million
Carbon Storage (CCS retrofits at coal and natural gas facilities): $30 million
Advanced Energy Systems: efficiency, reliability & flexible operations: $37 million
National Energy Technology Laboratory Coal Research and Development: $18 million
Unconventional Fossil Energy Technologies (unconventional gas & oil): $13.5 million