Tax Code That Encourages Manufacturing and Savings (user search)
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  Tax Code That Encourages Manufacturing and Savings (search mode)
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Author Topic: Tax Code That Encourages Manufacturing and Savings  (Read 13890 times)
phk
phknrocket1k
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Posts: 12,906


Political Matrix
E: 1.42, S: -1.22

« on: January 01, 2012, 06:50:24 PM »

Abolish taxes on investments and increase them on consumption.
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phk
phknrocket1k
Atlas Icon
*****
Posts: 12,906


Political Matrix
E: 1.42, S: -1.22

« Reply #1 on: January 05, 2012, 01:58:30 PM »
« Edited: January 05, 2012, 02:10:31 PM by phk »

Manufacturing is doing fine. Human labor employed in manufacturing isn't. Hopefully lower-level manufacturing can be eliminated through 3D Printing.
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phk
phknrocket1k
Atlas Icon
*****
Posts: 12,906


Political Matrix
E: 1.42, S: -1.22

« Reply #2 on: January 27, 2012, 06:16:20 PM »

Let's try again (and this time, without party-line spambot answers):

If you were to design a tax code for the United States that would encourage manufacturing and producing exports, as well as encouraging savings over credit-driven consumption, how would you do it?  

Are we talking about "encouraging manufacturing output" or "encouraging manufacturing employment"?

They are not perfectly correlated.
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phk
phknrocket1k
Atlas Icon
*****
Posts: 12,906


Political Matrix
E: 1.42, S: -1.22

« Reply #3 on: January 27, 2012, 10:09:01 PM »

Let's try again (and this time, without party-line spambot answers):

If you were to design a tax code for the United States that would encourage manufacturing and producing exports, as well as encouraging savings over credit-driven consumption, how would you do it?  

Are we talking about "encouraging manufacturing output" or "encouraging manufacturing employment"?

They are not perfectly correlated.

The latter -and preferably without protectionist measures like tariffs.  I am, however, open to President Obama's suggestion of removing tax credits for companies that outsource and rewarding those that relocate back to the United States.  

Than the only way is to shift to labor intensive manufacturing and not capital intensive. The US has had no problem doubling output and shedding roughly 1/3rd of labor employed.
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phk
phknrocket1k
Atlas Icon
*****
Posts: 12,906


Political Matrix
E: 1.42, S: -1.22

« Reply #4 on: April 28, 2012, 07:35:17 PM »

The future of American manufacturing is automation. In 30-40 years we will have almost no actual factory jobs and yet be one of the world's largest manufacturers.
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