GM to open factory in China

This is a discussion on GM to open factory in China within the Off Topic & Humor Discussion forums, part of the The Back Porch category; I heard Stuart Varney say the other day that 10% of Americans pay 90% of the taxes. I also hear politicians say they just want ...

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Thread: GM to open factory in China

  1. #46
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    I heard Stuart Varney say the other day that 10% of Americans pay 90% of the taxes.

    I also hear politicians say they just want to make things fair. I know many people don't pay any taxes (income taxes) but receive a lion's share of services. How is paying nothing while other people are paying a lot...fair?
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    Quote Originally Posted by Jeanlouise View Post
    I heard Stuart Varney say the other day that 10% of Americans pay 90% of the taxes.

    I also hear politicians say they just want to make things fair. I know many people don't pay any taxes (income taxes) but receive a lion's share of services. How is paying nothing while other people are paying a lot...fair?
    I say lets go with the tax hikes the left is proposing, and then go with the spending plan the right is proposing. We will end up closer to a balanced budget at least for the time being and then we can work on reducing both taxes AND spending.
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    Quote Originally Posted by steffen View Post
    I say lets go with the tax hikes the left is proposing, and then go with the spending plan the right is proposing. We will end up closer to a balanced budget at least for the time being and then we can work on reducing both taxes AND spending.
    That would be a good plan IF the left would agree to immediate reduction in spending but they always promise reductions "next year" and they never come.
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    Quote Originally Posted by Jeanlouise View Post
    That would be a good plan IF the left would agree to immediate reduction in spending but they always promise reductions "next year" and they never come.
    Yeah, the spending cuts and tax increases need to happen simultaneously... don't any of these politicians listen to Dave Ramsey?
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    Quote Originally Posted by Sig35seven View Post
    You make it sound like there is no advantage for the wealthy to move their money over seas. Yet the FACT is they ARE taking their money out of this country by the trillions. The Cayman Islands, Bermuda, Switzerland and a dozen or so countries are estimated to hold somewhere between 21 and 32 TRILLION dollars that the government can't tax. These tax havens are real and have NOTHING to do with political misconceptions.

    I don't look at the wealthy as "evil" and I don't think they should be punished in any way for their success however, I also don't think you need to feel sorry for them and give them tax breaks for NO OTHER REASON than they're wealthy.

    The trickle down theory has turned into the trickle OUT reality.

    Taking away money earned from the mother land (that gave you the opportunity in the first place) and taking it elsewhere does not seem like a very patriotic thing to do. Doesn't seem like team player. Your taking the ball across town to play leaving your teammates behind that gave you the ball in the first place.

    I am not criticizing them for making a lot of money nor am I suggesting they be punished because of their success. They SHOULD be given tax breaks for starting new bushiness's that create jobs but NOT TAX BREAKS JUST BECAUSE THEY'RE WEALTHY. Stop feeling sorry for them and painting a picture that THEY are the ones being picked on. Everyone should pay the same RATE.

    The misconception that the public wants to 'Punish' the wealthy is not true....No one wants to 'raise the tax rate on the wealthy'. They just want to put the tax rate BACK where it was. Nothing new. They've been there before and there's no need to feel sorry for them. They'll be just fine.
    Wow! Where should I start? The "wealthy" don't get tax breaks per say. It's their money to start with, not the governments. Because our government was once smart enough to understand wealthy individuals create business deals, companies, and investment opportunities that create jobs.

    The "motherland" did not give them any opportunity. Individuals took personal risks, invested their money to make those opportunities for themselves. Their hard work is what made them, not the government.

    I agree everyone should pay the same rate. Are you willing to, because you will have to pay a much larger percentage of your earnings to the government to pay the "same" rate as the wealthy?

    I'm so tired of hearing the socialist politically correct assertions about the wealthy being passed off as fact when the truth is far different. You want an equal level playing field? Then pay the same rate as the wealthy. You can make voluntary contributions of earned become to the federal government. So will you?

  7. #51
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    Last warning, get it back on topic, GM to open factory in China.
    "The pistol, learn it well, carry it always ..." ~ Jeff Cooper

    "Diligentia Vis Celeritas"

    "There is very little new, and the forgotten is constantly being rediscovered."
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    I hope GM makes tons of money on the Chinese and repays all of the loans. The more successful GM is in China, the better.

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    Quote Originally Posted by Rock and Glock View Post
    I hope GM makes tons of money on the Chinese and repays all of the loans. The more successful GM is in China, the better.
    Agreed. One of the reasons our country is so broke is we have been sending our wealth offshore for decades by purchasing cheap imports. Not to say there should not be some imports but the current playing field is not level. GM's move into China for the products sold there may help in the long run. Perhaps more US companies might be encouraged if GM's venture is successful.

  10. #54
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    If GM makes cars that sell in Shanghai, will you have to pedal them; like Fred Flintstone?
    It may be that your sole purpose in life is simply to serve as a warning to others.

    http://www.timeanddate.com/countdown...eaves%20office

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