General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAmerica 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
sadoldgirl
(3,431 posts)in the other participating countries will not see it either.
FreakinDJ
(17,644 posts)randys1
(16,286 posts)kind of deals are inevitable unless you do protectionism
Do a poll, ask people here if they support protectionism
dreamnightwind
(4,775 posts)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)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)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)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)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)... 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)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)must be removed from office.
Bettie
(16,151 posts)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.
Elwood P Dowd
(11,443 posts)UCA.
Bettie
(16,151 posts)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)They need to tax all capital gains at 75% as well as any profits over 10 million dollars
hifiguy
(33,688 posts)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)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)One million Euros total capital, including property, at highly progressive rates. So, no, it would not affect ordinary people.
HooptieWagon
(17,064 posts)...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)The kinds of things real Dems go to hell and back to deliver. Notice the pattern?
hifiguy
(33,688 posts)Which popped.
n2doc
(47,953 posts)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/
FreakinDJ
(17,644 posts)Which is a really nice way to that is Bullshit
n2doc
(47,953 posts)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)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.
also, the total deposit base of all US banks is $10 trillion dollars.
That means there's $10 trillion dollars stashed in US banks.
jwirr
(39,215 posts)Egnever
(21,506 posts)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!
msongs
(67,505 posts)Hoyt
(54,770 posts)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.
PowerToThePeople
(9,610 posts)orpupilofnature57
(15,472 posts)Dime .
uponit7771
(90,371 posts)orpupilofnature57
(15,472 posts)onecaliberal
(33,014 posts)Here when they can pay 3 dollars a day elsewhere.
hill2016
(1,772 posts)they'll be paying overseas taxes until profits are brought into the US.