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Originally Posted by dmiller66
Unions are not at fault. American corporate greed is to blame.
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So you think unions are free of greed?
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Originally Posted by mastertypodemon
Corporate greed also answers to stock holders. Don't forget that problem as well. If the stock holders weren't so damn greedy, then the corporation could be a bit less greedy.
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Don't the angellic unions have a lot of their pension plans invested in some of these companies? Without corporate greed the pensions would go bust!
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Originally Posted by Blackbean
When a person loses their job to outsourcing, they lose their source of income. Now, they don't have any way to buy those widgets that your company saved a ton on , manufacturing them in China.
No income means less income tax paid into the government,ditto on the corporate tax.Federal revenue falls,and everone in business says "hooray."
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When the competition from overseas undercuts the widget price and your company tries to keep the jobs here they eventually go out of business and all those jobs are lost just as if they were sent overseas by an evil CEO. Only the evil stockholders lose all their evil investment in that scenario too (Grandma's Retirement money goes bye-bye). With the whole company out of business, the entire workforce is unemployed as opposed to just the jobs that would go overseas.
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Then Katrina,or an oil spill, or social security happens, and you hear,"where is the federal government?"The government borrows money from the Chinese, to pay the bills,then the uproar begins again.
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Social Security didn't just "Happen". It was robbed by some greedy politicians. There's no way you can dispute this. This money was stolen for all kinds of pet projects.
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Consumer spending equals 70% of our economy.Take the money away from the consumer,and you have a recession.The ONLY people who make out by outsourcing ,are the rich. 90% of all the money is made by 5% of the people.
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The Top 1% of earners pay 40% of all income taxes collected.