http://www.bloomberg.com/apps/news?pid=20601103&sid=a9DpYagBpVIo&refer=us

Democratic Senator Charles Schumer of New York is fighting a plan to raise taxes on hedge funds and buyout firms with his own legislative poison pill: a demand that other powerful interests share any pain.

Schumer is expressing concern about plans by lawmakers including Republican Senator Charles Grassley that would more than double taxes on private-equity and hedge-fund firms or their managers. He told the Senate Finance Committee this month that he would agree to the proposals only if taxes were also raised on oil-and-gas, venture-capital and real-estate partnerships.

You know, I don’t usually wish people ill will. But in your case, I will break my rules. I hope that someday you lose your job to someone from India and then you try to find another job. Unless you are in a profession where there is a lack of workers, you are going to be in trouble my friend. And it couldn’t happen to a more deserving candidate.

You, sir, are scum.

Switch that and to an as,
you have to accept comparative economic set backs in the more prosperous regions AS poor regions
is how it should have read.

What’s wrong with the idea that a company should pay its workers enough to afford its goods/services?
Theres nothing wrong with it. But as the market grows, and the work pool grows, you have to accept comparative economic set backs in the more prosperous regions and poor regions can begin to compete thru lower wages or any other advantage they can marshal. Look at the unification of East and West Germany, it was like a mini-globalization. The East German economy did great at the expense of the west German economy IN THE SHORT TERM, since then the entire German economy is doing good (in comparison to other European economies) Thats the same exact thing that globalization is doing. The world economy isn’t a zero-sum game. The 1st, 2nd, and 3rd world can all gain thru it.

Ford Motor Company lasted strongly for at least 60 years.
And what happened during those 60 years, they let themselves become insulated, gave to much to the Unions, and when they didn’t change to cope with emerging threats/competition throughout the world (in part due to the strength of the Unions) look at what happened to them, or most of the other US auto makers.

I guess I just don’t feel as sure that the entire American economy will go off a cliff if we don’t do what you suggest
Ford Motor Company.

They don’t read your cover letter! You assume that companies want to hire American workers. They don’t! They themselves have said this. Their goal is to find something–anything!—to keep from having to hire me for $25 an hour, or whatever the going rate is. Before they can secure an H2B Visa for a foreign worker who will do my job for less than half what I’d do it for, they have to jump through the various hoops that the federal government puts in front of them. In your ideal world, they want to hire an American. They do everything they can, giving interviews, looking for reasons to hire me or another American who is qualified to do the job. Then reality strikes.

The goal of American IT businesses are to avoid hiring American IT workers! That previous sentence is a topic sentence. It’s important. How do they do this? I’ve already mentioned. Give unreasonable requirements. Refuse to negotiate on requirements and salary benefits. Do ANYTHING (emphasized that word for a good reason!) to get that H2B they so desparately want. “We can pay some Indian half of what we’d have to pay him!” “It looks like his resume is perfect? FIND SOMETHING WRONG WITH IT!” This is what they are doing! Your fantasy land where they’re ‘reluctantly’ hiring H2Bs because they can’t find willing and able Americans Does. Not. Exist!

Get that through your head!

American businesses are scum, Squejeeboo. They’ve gotten all the cards in their hands. Only a few laws can reach through the Corporation sheild to the man who runs the show and gets fat off of his employees work if he should do something illegal. The last thing I think they they deserve is getting scott free on taxes. They deserve to have the screws tightened on them, forced to pay higher taxes to make up for what they get screwing us over.

You argue that we should join the globalist movement. That’s a fundamental disagreement I have with you. More protectionism is what I call for. Make it so that American workers can compete in the global marketplace here in America. I have a fundamental idea of my own. If you do business in an area, you should employ workers in the area.

You sell computers in America and India? Hire American employees to do customer support for American consumers, and Indian employees to do customer support for Indian consumers. Yes, build factories in India to allow cheaper Indian workers to build cheaper Indian computers, which those workers can afford to buy. What’s wrong with the idea that a company should pay its workers enough to afford its goods/services? Ford believed in that, and Ford Motor Company lasted strongly for at least 60 years. Why can’t today’s companies do the same thing?

I guess I just don’t feel as sure that the entire American economy will go off a cliff if we don’t do what you suggest, Squegeeboo. Yes, things change and certain types of jobs do go by the wayside as technology progresses, but in the end, today’s problems, IMO, are all because Big Business has taken over things and is in control.

You don’t even get your foot in the door unless you lie on your resume. How right is that?
Or, instead of lying, you go with this in your resume,
Server 2003 – 4years
Windows Server – 10+ years

And then in your cover letter, you explain why you don’t have 10 years in 2003.

I suspect you’re a libertarian, Squegeeboo. Libertarianism is great on paper, just like Communism. But like Communism, Libertarianism falls to human greed.
Sounds about right, but I’m not advocating for a hands off system, I’m just advocating for removing corporate taxes. I’m aware we need oversite of some sort to keep the system in check.

for as cheap as possible regardless of how much it f**ks over American Workers and Customers.
Cheap doesn’t have to F over the customer. cheap can help the customer if done right, but that goes back to someones comment higher up about business only looking 1-2 quarters into the future instead of multiple years into the future.
But if all you do is try and insulate the American worker from the forces of globalization, then your slowly pushing our economy towards a cliff. Globalization of American business’s and American business interests needs to continue to happen, otherwise the same thing that happened to US Autoworkers will happen to the entire US economy as real-world forces catch up to and then overtake the protections put in place for American labor. Would you rather a bunch of minor (in the scale of things) changes to take place over decades, or a total collapse due to an inability to make changes that should have happened over time like what the rust belt as seen?

Apply for the job anyway? We do! The goal is to prove that I, the IT guy who insists on $20 to $25 dollars an hour, do not have what they want. Do you know how this works? Easy. My resume, an accurate accounting of my work history has one of two lines given below on it:

Windows Server 2003: 4 Years, Expert
Windows Server 2000: 6 Years, Expert
Windows NT4 Server: 10+ Years, Expert

-or-
Windows Server OSes: 14 Years, Expert

The resume pushers?

“Oh, Server 2003, only 4 years.” *toss*

“Windows Server, 14 Years? It’s not 2003. *toss*”

So the only way to get an interview? Lie…

You don’t even get your foot in the door unless you lie on your resume. How right is that?

Again, my point is the goal of American IT businesses are to disqualify as many American Workers as possible so as to bring in Indian and other H2B Visa workers for as cheap as possible regardless of how much it f**ks over American Workers and Customers. Do you disagree with that, Squegeeboo? Do you think it’s right that they do that?

I suspect you’re a libertarian, Squegeeboo. Libertarianism is great on paper, just like Communism. But like Communism, Libertarianism falls to human greed. If a totally hands-off system is implimented in todays world, the people with the most power, the multinational corporations, will walk over everyone else. There needs to be a level of restraint applied to businesses, like there is to regular people.

Libertarianism worked imperfectly well in the 1700s and 1800s. Then the early 1900s, we saw what unregulated businesses could do as the economy crashed again after a series of crashes in the 1800s. Today, we need a moderate form that emphasizes punishing companies that take advantage of their customers and employees while fostering a competitive environment, balancing those two needs against each other.

The only thing “dubious” is Reid’s intelligence.

He said he would pay for such programs by closing loopholes and tax breaks now benefiting the wealthiest Americans.

That means repealing tax breaks for families earning more than $200,000. He also would raise the top tax rate on long-term capital gains to 28 percent — the same rate signed into law by President Reagan. Edwards said the increase would ensure that high-income investors pay taxes on their investment income at a rate similar to what regular families pay on earned income.

Edwards promised to crack down on wealthy Americans who skirt paying their share of taxes.

He said about $300 billion a year in taxes go unpaid, and about $1.5 trillion in personal assets of U.S. taxpayers are held offshore. He said he would allow the IRS to investigate offshore tax havens, and he pledged to crack down on peddlers of tax shelters and cooperate with other countries to fight tax havens. Closing hedge fund and private equity loopholes and capping executive pensions are also part of the proposal.

Hypocrite! Edwards used those exact private equity loopholes in the 1990s while he was profiting on BS lawsuits!

Answer: Domestic labor!

http://www.cbo.gov/ftpdocs/75xx/doc7503/2006-09.pdf

Sucks for them to be a victim of liberal tax policy.

Even with higher taxes, you can bet that I prefer a system where higher taxes is lower than private healthcare + US “lower” taxes.
As long as the healthcare system is decent, who wouldn’t want that.

Jeremy
insist on rediculous requirements like 10 years supporting Windows 2003 Server (Hello! 2007 – 2003 = 4, and can NEVER = 10!)
I’ve seen requirements like that, you should still apply, if you get an interview you can then explain why you don’t have x years in the specific version of program y.

(not to mention the $450/month in car note, $250/month in insurance, and $100/month in gas before we got rid of the damn thing)
Rent, food and utilities are costs that normally have to happen, the ones above are optional ones (as you admit)

toasterhead
So how many non-expatriate jobs have been created in the Cayman Islands or Vanuatu or Jersey or Monaco as a result of being a tax haven?
Ignoring non-expatriate for the moment, enough to run the offices they’ve placed there to use the tax haven.
Now not ignoring the non-expatriate part, if we become a tax-haven, many if not all of those expatriate jobs would come back to the US.

Please stop with the protecting American businesses stuff
I’m not trying to protect American businesses, I’m trying to think of ways to bring more business to America.

And like Evil Spaniard said:
First, because they have no natural resources to live from, or enough population to have another noticeable source of money, as services or technological development. Thus, they had to attract money from other sources.
Companies are willing to build offices and play shell games in areas with no other economic potential, just think of what could happen if they now had a tax-haven with huge amounts of resources and population.

Tax haven? The average American works until April 30 to pay all of his confiscatory taxes!

We thrived without an income tax for 120 years!

Comment by Jeremy — July 26, 2007 @ 12:35 pm

Not to mention that there are no American businesses anymore. There’s no such thing as an American company or a Japanese company or a British or German company. Not in the world of international business, anyway. Everybody’s everywhere. Just because the senior management in New York makes an extra $500,000 a year doesn’t mean a policy is “benefitting American businesses.”

Uhm… flaco=frail. Just saying…

Comment by Evil Spaniard — July 26, 2007 @ 12:47 pm

Owned by irony.

Comment by FLACO — July 26, 2007 @ 12:41 pm

Uhm… flaco=frail. Just saying…

Comment by toasterhead — July 26, 2007 @ 12:32 pm

Ever wondered why these contries, islands or city-states almost without taxes are so tiny?

First, because they have no natural resources to live from, or enough population to have another noticeable source of money, as services or technological development. Thus, they had to attract money from other sources.

Second, such a country without taxes, being of a bigger size, would crumble under his own weight, incapable of having a funcional military, police and firefighter departments, or a decent national transportation system, such as highways or railroads.

Just imagine the USA without any taxes. Without military, police, firefighters, highways, nothing.