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Re: I just want to take a quick poll...
Quote:
Originally Posted by JET
In my finance class we did scenarios where we lower the taxes on businesses and it created huge differences in the operating capital.
The biggest problem with the economy is shipping our money overseas. Our trade deficit has become rediculous, but for some reason that isn't getting much attention. I'll use the place I just worked at as an example. They would set someone up with a product, lets say a microwave. Target buys this microwave, we would take a small margin off the top (under 5%) and the rest of the money goes to China. So if you buy a microwave from Target for $100, Target gets $30, our company would have got $5, and the other $65 goes to China (those are all approximates). So 2/3 of that purchase was money leaving our country. That is the main reason our economy has tanked lately.
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How would the first part of this affect the average person? Just because a business is making more money doesn't mean it will go to the workers. The business owner will most likely reinvest it in a way to make even more money.
2nd part-So it would be better for everyone to pay more for just about everything they use daily than get them from another country?
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Life's tough.... it's even tougher if you're stupid.
7/25/09
Motorcycle cop pulls up next to me on UNI and says "Want to race?"
Me- "I don't think you would stand a chance."
Cop says "probably not" and drives off.
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