Forced to buy Chinese against my will

[sneakypete]

Right. So how much business and manufacturing acumen do you possess? Because that might lead you to discover which one that is, @sneakypete

@roamer_1

So how much business and manufacturing acumen do you possess?

So,you  are actually admitting that you think businessmen control the world?

[catfish1957]

My rule of thumb is to buy American, as long as it isn't more than 25% more than the Chicom alternative.

If we all took that approach, it might put a dent in the problem.   Again, like previously mentioned it is getting more difficult to find many things that are made here anymore.

[GtHawk]

What's so hard? https://winnerwell.us/products/14-cup-stainless-steel-percolator-coffee-pot 

[roamer_1]

@roamer_1

So,you  are actually admitting that you think businessmen control the world?

No. I'm actually admitting that you don't know what you're saying., Off the top of my head, I could name off ten of my friends - three good friends - that manufacture things. And I have been intimately involved in production processes. In fact most of my friends are self-employed... business owners, as I am myself.

The American landscape is brutally against small business. What drives business to China is unions and regulation, not greed.

[roamer_1]

My rule of thumb is to buy American, as long as it isn't more than 25% more than the Chicom alternative.

If we all took that approach, it might put a dent in the problem.   Again, like previously mentioned it is getting more difficult to find many things that are made here anymore.

I  don't care what it costs. I care that it works... And is made to last. At a reasonable price, to be sure.
If I can't get that, then I may as well buy chinesium.

[sneakypete]

No. I'm actually admitting that you don't know what you're saying., Off the top of my head, I could name off ten of my friends - three good friends - that manufacture things. And I have been intimately involved in production processes. In fact most of my friends are self-employed... business owners, as I am myself.

The American landscape is brutally against small business. What drives business to China is unions and regulation, not greed.

@roamer_1

ROFLMAO!

[DB]

No. I'm actually admitting that you don't know what you're saying., Off the top of my head, I could name off ten of my friends - three good friends - that manufacture things. And I have been intimately involved in production processes. In fact most of my friends are self-employed... business owners, as I am myself.

The American landscape is brutally against small business. What drives business to China is unions and regulation, not greed.

And taxes...

Right now R&D (basically anyone developing a new product, including software products) has to amortize the payroll costs of all the people doing that work over 5 years.

A small business that employees mostly engineers or programmers developing new products can't deduct 100% the payroll expenses as a cost of doing business in that tax year. Instead 80% of the payroll costs that year are considered taxable income even though the company didn't profit a dime. It is really f&cked.

Trump and the GOP did that with their last tax law change. It was a major screw you to small companies that produce new things. And yet they can't figure out why tech hates them...

[DB]

@roamer_1

ROFLMAO!

You are absolutely clueless...

Just like you won't spend big bucks to buy American neither will most others. The "greedy" who try to build it in the US can't compete and go out of business.

[Weird Tolkienish Figure]

No. I'm actually admitting that you don't know what you're saying., Off the top of my head, I could name off ten of my friends - three good friends - that manufacture things. And I have been intimately involved in production processes. In fact most of my friends are self-employed... business owners, as I am myself.

The American landscape is brutally against small business. What drives business to China is unions and regulation, not greed.

Also the latest generation doesn't really want to work, they want to make money on Twitch and Youtube and all that (or Onlyfans). Even if we reshored manufacturing do you think Gen Z would flock to the jobs?

Otherwise though you're dead on.

[Weird Tolkienish Figure]

Trade is a contentious issue but I think we can all agree that we need to rehome chip design and manufacturing because it's critical to our national defense. And that will kill our ally Taiwan but we'll be a significant disadvantage in a war with China without chip manufacturing.

[roamer_1]

And taxes...

Right now R&D (basically anyone developing a new product, including software products) has to amortize the payroll costs of all the people doing that work over 5 years.

A small business that employees mostly engineers or programmers developing new products can't deduct 100% the payroll expenses as a cost of doing business in that tax year. Instead 80% of the payroll costs that year are considered taxable income even though the company didn't profit a dime. It is really f&cked.

Trump and the GOP did that with their last tax law change. It was a major screw you to small companies that produce new things. And yet they can't figure out why tech hates them...

Oh that's new... 

I have been bit over and over by amortization. I have always had buckets of money whizzin by... How much you bring into the corp and how much you hand down is the tricky part.

In my painting business, I could pull a couple hundred grand out of my butt at about any given time... All the way along the bottleneck was my floor. And I became such a production quick-change artist that it was really good that I had to work with less...

But I needed more floor badly. I needed offices. I needed inventory space. I could have built that space, pretty much all the way along, owning the property and the building, except amortization. That few hundred grand immediately became exposed to tax, roughly 20%, with no remedy, and iit stopped me flat, every time.

That was the hump I couldn't get over.

[LMAO]

You are absolutely clueless...

Just like you won't spend big bucks to buy American neither will most others. The "greedy" who try to build it in the US can't compete and go out of business.

Milton Friedman once dealt with the issue of "greed." It's not greed, but the honest pursuit of self interest

He said something to the effect that we believe everyone else is greedy but us

[roamer_1]

Also the latest generation doesn't really want to work, they want to make money on Twitch and Youtube and all that (or Onlyfans). Even if we reshored manufacturing do you think Gen Z would flock to the jobs?

Otherwise though you're dead on.

I don't think that's entirely right - And my industry is rife with drug and alcohol abuse because of it's nature... I have never had a problem settling into good guys... Takes a while to find them, but they are out there.

Now, I say that without Mexicans. Illegal labor is restricted to a fairly small sector of the street here. I guess down south it's a different thing, because the Mexicans take the wind out of employment, so I recognize that I have not encountered that, and don't know it right.

[DB]

Oh that's new... 

I have been bit over and over by amortization. I have always had buckets of money whizzin by... How much you bring into the corp and how much you hand down is the tricky part.

In my painting business, I could pull a couple hundred grand out of my butt at about any given time... All the way along the bottleneck was my floor. And I became such a production quick-change artist that it was really good that I had to work with less...

But I needed more floor badly. I needed offices. I needed inventory space. I could have built that space, pretty much all the way along, owning the property and the building, except amortization. That few hundred grand immediately became exposed to tax, roughly 20%, with no remedy, and iit stopped me flat, every time.

That was the hump I couldn't get over.

And yet those who have never built or run a business know what's best for you in doing so... And complaining about all those barriers to success is just being greedy... And then they wonder why production moves out of the country...

[sneakypete]

Milton Freeman once dealt with the issue of "greed." It's not greed, but the honest pursuit of self interest

He said something to the effect that we believe everyone else is greedy but us

@LMAO

There is a difference? Seems to me the word "Greed" is defined by self-interest.

[roamer_1]

@LMAO

There is a difference? Seems to me the word "Greed" is defined by self-interest.

That 'greed' is what provides jobs. Or not. You decide.

[LMAO]

That 'greed' is what provides jobs. Or not. You decide.

@roamer_1


https://www.youtube.com/watch?v=RWsx1X8PV_A

BTW, like Ron Paul, Goldwater, Reagan, Coolidge..Milton Friedman is one of my political heroes

[roamer_1]

@roamer_1

Code: [Select]

https://www.youtube.com/watch?v=RWsx1X8PV_A

BTW, like Ron Paul, Goldwater, Reagan, Coolidge..Milton Friedman is one of my political heroes

There goes Friedman... Leaning on all of history to defend Capitalism... Like a Conservative would do... Go figure. (mine too)

 

[sneakypete]

That 'greed' is what provides jobs. Or not. You decide.

@roamer_1

Maybe in some cases,but the reality is that jobs are created because there is work to be done.

Some are good jobs with high  pay,some are bad jobs with  low pay,and most are jobs that fit somewhere between the two.

The job skills are paid at different rates because of the difference between the knowledge and the skills needed for the various job,and in turn this sets the price because the man/woman/company/corporation has  to sell the "product" to the public or to companies and corporations,and demand is what controls wages as well as the number of employed workers.


Supply and demand is what dictates what gets sold and the price the manufacturer can afford to charge for his finished product.

Well,that and taxes,retirement/pension funds,and location.

Location is why so many manufacturers/producers are setting up shops in Asia. LOTS of VERY cheap labor and I  am GUESSING low taxes.

[LMAO]

We are never going to compete with these countries when it comes to the cost of labor and regulation

The American public is not going to go for weakening of labor and environmental laws. And any politician that tries will be thrown out of office.

But we could probably strive for is to create a much better quality product than can be made overseas. But  you might have to pay more for it and will  consumers to be convinced to buy Americanl

Like it or not, we are a world economy. And I support free trade even with its warts. Trump tried the tariff thing and it didn’t work. But he wasn’t the only that has attempted the tariff route

[roamer_1]

@roamer_1

Maybe in some cases,but the reality is that jobs are created because there is work to be done.

Some are good jobs with high  pay,some are bad jobs with  low pay,and most are jobs that fit somewhere between the two.

The job skills are paid at different rates because of the difference between the knowledge and the skills needed for the various job,and in turn this sets the price because the man/woman/company/corporation has  to sell the "product" to the public or to companies and corporations,and demand is what controls wages as well as the number of employed workers.


Supply and demand is what dictates what gets sold and the price the manufacturer can afford to charge for his finished product.

Well,that and taxes,retirement/pension funds,and location.

Location is why so many manufacturers/producers are setting up shops in Asia. LOTS of VERY cheap labor and I  am GUESSING low taxes.

FALSE, @sneakypete .

Supply and demand means nothing except in a free market, and it is not a free market if you dictate 'greed' out of the picture.

[LMAO]

FALSE, @sneakypete .

Supply and demand means nothing except in a free market, and it is not a free market if you dictate 'greed' out of the picture.

To quote Gordon Gekko  from the movie “Wall Street”

Greed, for lack of a better word, is good. Greed  is a clean drive that captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind."

[LMAO]

The new president of Argentina is going to have a very tough job in the next several months. A lot of their industries have been nationalized. And anything that’s government run is going to be heavily bureaucratic. That’s why the private sector works better.  So, even if he heavily privatizes more of the economy in Argentina, there’s gonna be quite a disruption for a while

But he’s able to do it, Argentina will thrive on the other end

[roamer_1]

To quote Gordon Gekko  from the movie “Wall Street”

Greed, for lack of a better word, is good. Greed  is a clean drive that captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind."

PROFIT. It is profit. Why would you do it if there is no profit in it?

And its companion, RISK. Mess with either one, and capitalism is gone, You're socialist now.

And profit always equates to risk. What do you LOSE if you fail... For the employed, nothing but a job. The owner has everything on the line.

[berdie]

PROFIT. It is profit. Why would you do it if there is no profit in it?

And its companion, RISK. Mess with either one, and capitalism is gone, You're socialist now.

And profit always equates to risk. What do you LOSE if you fail... For the employed, nothing but a job. The owner has everything on the line.

That is the crux of the matter.