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FreakinDJ

(17,644 posts)
Tue Jun 23, 2015, 06:20 PM Jun 2015

America will never see a Dime of the Corp profits from TPP

All those MultiNational Corporations keep those profits Offshore to avoid paying Taxes so the whole thing only equates to a HUGE Net Loss for the USA

And any shill who wants to deny that ought to try spouting their tripe some where else

If fact Bernie Sanders is the only candidate even talking about Corps offshoring profits

36 replies = new reply since forum marked as read
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America will never see a Dime of the Corp profits from TPP (Original Post) FreakinDJ Jun 2015 OP
Not only that,the workers sadoldgirl Jun 2015 #1
BINGO - wages went down in Mexico as a result of NAFTA FreakinDJ Jun 2015 #2
Of course, this shit is inevitable. Free trade, which is actually not at all free trade and these randys1 Jun 2015 #3
It seems to me that if you don't support some form of protectionism dreamnightwind Jun 2015 #11
I completely support protectionism. I have good liberal friends who say I am wrong, and I randys1 Jun 2015 #12
Great, and do tell... dreamnightwind Jun 2015 #13
My one friend in particular would say we cant ignore other countries where workers randys1 Jun 2015 #14
Well I disagree witth your friend dreamnightwind Jun 2015 #22
If he's worried about that, then he should be more for building up global labor union power... cascadiance Jun 2015 #26
Of course the US won't see any of those profits Bettie Jun 2015 #4
If Bernie wins, the corps will claim he is a Non-Tariff trade barrier affecting their profits and Elwood P Dowd Jun 2015 #5
The husband and I were discussing this very thing Bettie Jun 2015 #8
Scary, isn't it. Our country's name should be changed from USA to Elwood P Dowd Jun 2015 #9
Way back, a long time ago Bettie Jun 2015 #10
Like we see a dime of Corporate profits now??? thelordofhell Jun 2015 #6
Thomas Piketty has proposed a global annual tax on capital of 2 - 3% hifiguy Jun 2015 #19
does that hill2016 Jun 2015 #29
Piketty proposes it kick in at around hifiguy Jun 2015 #36
Not only not see a dime... HooptieWagon Jun 2015 #7
America did just fine after NAFTA. More jobs, higher average wages. ucrdem Jun 2015 #15
All fueled by the tech bubble. hifiguy Jun 2015 #18
I notice the longer term trend. It isn't like NAFTA ended in 2000 n2doc Jun 2015 #21
you need to share what your smoking Dude FreakinDJ Jun 2015 #25
Oh come on! n2doc Jun 2015 #16
I read a plausible estimate that the corporations and the world ultra-wealthy hifiguy Jun 2015 #17
yup hill2016 Jun 2015 #34
And the wealth divide will get wider. jwirr Jun 2015 #20
And then a big hole will open up in the middle of America Egnever Jun 2015 #23
could it be possible that selected US politicians will see benfits for life from this? nah.. nt msongs Jun 2015 #24
Sooner or later, those profits, if not taxed before, come back as dividends or capital gains. Hoyt Jun 2015 #27
No. They fucked us, again. n/t PowerToThePeople Jun 2015 #28
And is the only one that has a plan to tap in to it, and why, to educate America on their hedging orpupilofnature57 Jun 2015 #30
Seeing what happened with NAFTA this sounds like rational reasoning uponit7771 Jun 2015 #31
If your getting the 600% profit . orpupilofnature57 Jun 2015 #32
Wages will go down. How do you think they are going to create jobs onecaliberal Jun 2015 #33
if they make money overseas hill2016 Jun 2015 #35

randys1

(16,286 posts)
3. Of course, this shit is inevitable. Free trade, which is actually not at all free trade and these
Tue Jun 23, 2015, 06:29 PM
Jun 2015

kind of deals are inevitable unless you do protectionism

Do a poll, ask people here if they support protectionism

dreamnightwind

(4,775 posts)
11. It seems to me that if you don't support some form of protectionism
Tue Jun 23, 2015, 07:41 PM
Jun 2015

then you are supporting that our wages must compete directly with third world wages, even though their monetary policies and cost of living are radically than ours. Am I missing something?

randys1

(16,286 posts)
12. I completely support protectionism. I have good liberal friends who say I am wrong, and I
Tue Jun 23, 2015, 07:42 PM
Jun 2015

might be.

I have a plan on how to do it, too.

Problem is by the time it was up and running, automation would make it obsolete.

dreamnightwind

(4,775 posts)
13. Great, and do tell...
Tue Jun 23, 2015, 07:46 PM
Jun 2015

I think times have changed re how global corporations are, and how corporations can now fairly easily exploit the weakest and least regulated labor forces anywhere on earth.

Policies that made sense 40 years ago don't make sense today, and of course the powers that be are quite happy to not explain this to anyone. Slowly, more people are waking up to the new reality.

randys1

(16,286 posts)
14. My one friend in particular would say we cant ignore other countries where workers
Tue Jun 23, 2015, 07:48 PM
Jun 2015

are mistreated, and protectionism would do this.

I worry about that.

If we were to eliminate all greedy assholes, there would be no problems, until automation took over

dreamnightwind

(4,775 posts)
22. Well I disagree witth your friend
Tue Jun 23, 2015, 08:01 PM
Jun 2015

These jobs are not good situations even in the third world, their employers are heartless profiteers who run their businesses with no human values, strictly bottom-line.

We need high tariffs, or to globalize labor organizations, or different monetary policy, or a comfortabe guaranteed income here in our country so citizens don't have to worry about have food and shelter.

 

cascadiance

(19,537 posts)
26. If he's worried about that, then he should be more for building up global labor union power...
Tue Jun 23, 2015, 08:51 PM
Jun 2015

... and help eliminate the "bottom" that these corporate crooks are trying to race to to fatten their wallets at everyone else's expense.

Many people that are being take advantage of by these "guest worker" programs that are treated like slaves, or who are paid pennies in other countries don't like the way they are being treated either. We shouldn't have to both be brought down to that level of misery. We really need to globally demand that the wealthy stop screwing the rest of us and start returning that wealth that they have in effect stolen from us for way too long now. We need to bring back tariffs to restore local trade effect and cost of living differentials and restore the top marginal tax rates too, etc.

Having people move around the world to get jobs or to ship products just for "price differentials" is also bad in that it produces more carbon pollution that makes our global warming problem worse too.

International trade should be mainly to allow us to get goods and services that we can't produce ourselves here because of where certain kind of plants, animals, weather conditions are, or likewise we provide others for the same reasons. It shouldn't be just to help rich people make bigger bucks. This needs to stop! Unfortunately TPA and TPP will just make these problems worse for the time being until we find a way to replace the power structure that has been corrupted so much now.

Bettie

(16,151 posts)
4. Of course the US won't see any of those profits
Tue Jun 23, 2015, 06:33 PM
Jun 2015

neither will any other country involved.

But the costs..those will be socialized so to speak and we'll all pay them.

Wonder how long it will be before the corporate courts challenge the results of an election if there is a non-corporate person elected in one of the member countries? After all, anything that might impact their bottom line is forbidden.

Elwood P Dowd

(11,443 posts)
5. If Bernie wins, the corps will claim he is a Non-Tariff trade barrier affecting their profits and
Tue Jun 23, 2015, 06:47 PM
Jun 2015

must be removed from office.

Bettie

(16,151 posts)
8. The husband and I were discussing this very thing
Tue Jun 23, 2015, 06:55 PM
Jun 2015

and I'm pretty sure they'll try it at some point, but probably in a smaller country first.

Then again, Bernie would bother them quite a lot.

Bettie

(16,151 posts)
10. Way back, a long time ago
Tue Jun 23, 2015, 07:06 PM
Jun 2015

I ran a SciFi RPG and had the extremely oppressive interplanetary government called "The Corporate Protectorate", wherein corporations had stepped in and taken over world governments (and later, as space travel matured, planetary operations) "for the good of all and to maximize profits".

This is getting closer to that than I would ever have dreamed.

thelordofhell

(4,569 posts)
6. Like we see a dime of Corporate profits now???
Tue Jun 23, 2015, 06:52 PM
Jun 2015

They need to tax all capital gains at 75% as well as any profits over 10 million dollars

 

hifiguy

(33,688 posts)
19. Thomas Piketty has proposed a global annual tax on capital of 2 - 3%
Tue Jun 23, 2015, 07:55 PM
Jun 2015

It could be implemented across Europe and the US rather easily with tough, enforced laws governing financial transparency. Which is probably why this eminently sensible solution will never come to pass.

 

hill2016

(1,772 posts)
29. does that
Tue Jun 23, 2015, 08:57 PM
Jun 2015

include property? What if someone has a house that has appreciated in value but are still struggling to pay the mortgage?

 

hifiguy

(33,688 posts)
36. Piketty proposes it kick in at around
Tue Jun 23, 2015, 09:45 PM
Jun 2015

One million Euros total capital, including property, at highly progressive rates. So, no, it would not affect ordinary people.

 

HooptieWagon

(17,064 posts)
7. Not only not see a dime...
Tue Jun 23, 2015, 06:52 PM
Jun 2015

...but wages will be driven even further down, as corporate profits soar. Welcome to the neo-feudal age, brought to you by corporatist democrats who sold out to Wall St.

ucrdem

(15,512 posts)
15. America did just fine after NAFTA. More jobs, higher average wages.
Tue Jun 23, 2015, 07:50 PM
Jun 2015

The kinds of things real Dems go to hell and back to deliver. Notice the pattern?



n2doc

(47,953 posts)
21. I notice the longer term trend. It isn't like NAFTA ended in 2000
Tue Jun 23, 2015, 07:56 PM
Jun 2015


Whatever gains took place early on have long since ended. And there have been other so called free trade deals in the meantime.


Figure 3: Manufacturing Job Loss from 1997 to 2012, as a percentage of working age population. Source: International Comparisons of Annual Labor Force Statistics, 1970-2012 - See more at: http://www.innovationfiles.org/how-americas-manufacturing-job-loss-outpaces-other-leading-industrialized-countries/

n2doc

(47,953 posts)
16. Oh come on!
Tue Jun 23, 2015, 07:51 PM
Jun 2015

Surely some of those profits will be spend by the Owners on expensive real estate, art and other trinkets in the USA! I'll bet the prices of Manhattan apartments skyrocket!

 

hifiguy

(33,688 posts)
17. I read a plausible estimate that the corporations and the world ultra-wealthy
Tue Jun 23, 2015, 07:53 PM
Jun 2015

have somewhere between $25 and $35 TRILLION dollars stashed in various financial black holes around the world.

Roll that around in your head for a while - $25-35 TRILLION.

A light year is 5.5 trillion miles, as an interesting point of comparison to just how large a number that is.

 

hill2016

(1,772 posts)
34. yup
Tue Jun 23, 2015, 09:02 PM
Jun 2015

also, the total deposit base of all US banks is $10 trillion dollars.

That means there's $10 trillion dollars stashed in US banks.

 

Egnever

(21,506 posts)
23. And then a big hole will open up in the middle of America
Tue Jun 23, 2015, 08:06 PM
Jun 2015

and suck everyone into it.

Followed by a huge flood and then I think I heard something about an invasion of Koala bears that destroys all the trees...

Some of the stuff that is going to happen is really nasty!

 

Hoyt

(54,770 posts)
27. Sooner or later, those profits, if not taxed before, come back as dividends or capital gains.
Tue Jun 23, 2015, 08:54 PM
Jun 2015

That gets taxed.

I would prefer the tax system change to increase the taxes and get them sooner. In the meantime, I hope corporations do well so they'll be something to tax. I also hope they invest in foreign countries, and pay better wages, improve environmental results, solidify relationships, etc. I think that will happen under TPP.

 

orpupilofnature57

(15,472 posts)
30. And is the only one that has a plan to tap in to it, and why, to educate America on their hedging
Tue Jun 23, 2015, 08:57 PM
Jun 2015

Dime .

onecaliberal

(33,014 posts)
33. Wages will go down. How do you think they are going to create jobs
Tue Jun 23, 2015, 09:00 PM
Jun 2015

Here when they can pay 3 dollars a day elsewhere.

 

hill2016

(1,772 posts)
35. if they make money overseas
Tue Jun 23, 2015, 09:03 PM
Jun 2015

they'll be paying overseas taxes until profits are brought into the US.

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