Pickens Plan

Seth

These go to 11
I just know something has to change. If you have read the papers from Warren Buffet on the export of wealth from the US this is along the same lines. I am tired of sound bites and "tax incentives" we need a fundamental shift or we simply will give our futures away while living for the short term.

It has already begun. It started in the 70's and it continues today. When you look at the the ridiculous way we finance our standard of living it becomes plainly evident the US has been mortgaging our future. Just like the housing bust, I fear a larger more hideous bust is coming. I don't understand why this is not a campaign issue. Instead the candidates talk about window dressing.

Very frustrating.
 

Herzog

somewhat damaged
Admin
Location
Wydaho
I agree Seth. Makes me sick thinking about how much money is going outside of the US that could easily stay here.
 
I like that a private citizen is doing something about it using their own money.

But don't be so quick to poo-poo exporting of wealth. NAFTA has been a leading factor in this. We've always exported wealth for external products such as energy. Now we're exporting wealth for all sorts of goods. What will the receivers of this wealth do? Raise the economic status of their own countries to a point where they can buy the products and services offered by the US. NAFTA and free trade go both ways. As soon as our trading partners can afford our goods and services. This is very oversimplified of course. But think about it.
 

Cody

Random Quote Generator
Supporting Member
Location
Gastown
I like that a private citizen is doing something about it using their own money.

But don't be so quick to poo-poo exporting of wealth. NAFTA has been a leading factor in this. We've always exported wealth for external products such as energy. Now we're exporting wealth for all sorts of goods. What will the receivers of this wealth do? Raise the economic status of their own countries to a point where they can buy the products and services offered by the US. NAFTA and free trade go both ways. As soon as our trading partners can afford our goods and services. This is very oversimplified of course. But think about it.


Thank you!

We are heading towards a globalized economy. We're in the midst of the de-industrialization of the United States and because of that we are going to have to find outside sources for our products to be produced. If you don't see it happening, you're blind. There will be some growing pains, but eventually all of the world's countries will grow closer together economically and the overall quality of living globally will gradually increase.

Wouldn't you give up a few ice-mochachino's so somone in a poor country can make en extra buck an hour and put themselves through college? I would and the world as a whole will benefit from it.
 

kbjames

Active Member
Location
Sandy, UT
I don't have a problem with the export of wealth per say. What I have a problem with is the fact that we are doing it by leveraging our future. I am mortified at the lack of savings in the US. Social Security is a pipe dream and not many have savings that will take then very far.

Warren explains it better.

http://hoph.org/wp-content/uploads/2008/02/warrenbuffet-speaks.pdf

Seth,

Couldn't agree more.

As other says, there are indeed huge financial benefits to be reaped by taking businesses overseas...but unfortunately those beneifts are only being realized by a teeny % of the population who own those companies.
 

Stephen

Who Dares Wins
Moderator
Thank you!

We are heading towards a globalized economy. We're in the midst of the de-industrialization of the United States and because of that we are going to have to find outside sources for our products to be produced. If you don't see it happening, you're blind. There will be some growing pains, but eventually all of the world's countries will grow closer together economically and the overall quality of living globally will gradually increase.

Wouldn't you give up a few ice-mochachino's so somone in a poor country can make en extra buck an hour and put themselves through college? I would and the world as a whole will benefit from it.

Bingo. The world is getting smaller in relative terms, so to me buying something that is made in China or talking to someone for tech support in India never bothers me. Chances are good that those workers are employed by an American company, and the products that they produce/support are made with components from Canada, Mexico, Brazil, ect.
What frightens me is that American don't understand that this is good for our economy, and that we are the leaders in this economy. Rather, many feel that if they don't buy US made products then the US loses. This is a short sighted, knee jerk reaction that can potentially really hurt the country. And when we have politicians, like Obama, talking about protectionist policies such as pulling out of NAFTA... Wow, thats like taking the US economy and knocking it back 40 years.
 

mbryson

.......a few dollars more
Supporting Member
.... or talking to someone for tech support in India never bothers me. .......


Uh, that bugs the hell out of me. Something that would take maybe 15 min with someone in the states now takes two-three hours. I've have VERY few good experiences with tech support in India. It's a sales question now. One of the first ones. "OK, since your product could work for our business, where's your tech support? Oh, India, eh? Let's conf. a problem and see how long that takes us to resolve it."
 

Stephen

Who Dares Wins
Moderator
Uh, that bugs the hell out of me. Something that would take maybe 15 min with someone in the states now takes two-three hours. I've have VERY few good experiences with tech support in India. It's a sales question now. One of the first ones. "OK, since your product could work for our business, where's your tech support? Oh, India, eh? Let's conf. a problem and see how long that takes us to resolve it."

I've found that it depends on the company. Some are good, some are bad.
 
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