This is why we need to research economic consequences of buying from foreign sources. If comments such as the one quoted above are offered up as examples of the knowledge of economics possessed by import buyers, then people are obviously GROSSLY mis-informed. The LOAN made to GM is being repaid ALREADY, and Ford has never accepted a PENNY from the U.S.government in bail-out money. It didn't need to. This is common knowledge to anyone with a TV, radio or access to a newspaper. In addition, our taxes have not, and WILL NOT rise one CENT due to the relatively small amount LOANED to GM. We spend more of our tax money every THREE DAYS on the pointless wars in Iraq and Afghanistan than we LOANED GM. The U.S. government gives MORE "bail-out" money in the form of free land, no taxes, etc. to Japanese companies EVERY YEAR than we LOANED GM.
According to a news story on taxes in a recent issue of a major national news publication, the U.S. taxpayer pays the LOWEST in taxes of any developed country. Denmark has the highest, and, ironically, also has the world's happiest and most content citizens. With the world's LOWEST taxes, we are one of the world's most UNHAPPY countries. Part of this is due to the economic hardships we bring on OURSELVES by trying to destroy U.S. jobs with attitudes such as the one expressed by the commenter cited above. HELPING U.S. Industry contributes to LOWER taxes (not HIGHER) and makes our lives more rewarding in the process.
6th Dec 2009, 18:57
This is why we need to research economic consequences of buying from foreign sources. If comments such as the one quoted above are offered up as examples of the knowledge of economics possessed by import buyers, then people are obviously GROSSLY mis-informed. The LOAN made to GM is being repaid ALREADY, and Ford has never accepted a PENNY from the U.S.government in bail-out money. It didn't need to. This is common knowledge to anyone with a TV, radio or access to a newspaper. In addition, our taxes have not, and WILL NOT rise one CENT due to the relatively small amount LOANED to GM. We spend more of our tax money every THREE DAYS on the pointless wars in Iraq and Afghanistan than we LOANED GM. The U.S. government gives MORE "bail-out" money in the form of free land, no taxes, etc. to Japanese companies EVERY YEAR than we LOANED GM.
According to a news story on taxes in a recent issue of a major national news publication, the U.S. taxpayer pays the LOWEST in taxes of any developed country. Denmark has the highest, and, ironically, also has the world's happiest and most content citizens. With the world's LOWEST taxes, we are one of the world's most UNHAPPY countries. Part of this is due to the economic hardships we bring on OURSELVES by trying to destroy U.S. jobs with attitudes such as the one expressed by the commenter cited above. HELPING U.S. Industry contributes to LOWER taxes (not HIGHER) and makes our lives more rewarding in the process.