When you don't count Walmart, the largest employers in the world, are in China, not the United States. And the biggest firms in China are industrial and manufacturing companies, not a low-wage retailer China National Petroleum (1,636,532), China State Grid (913,546), Foxconn (803,126) and Sninopec (667,799) together employ 4,021,003 workers. Foxconn is well known in … Continue reading China’s companies win the race for producing employment giants, dwarfing American firms like GM, Apple or Exxon
Category: VAT
VAT is another big reason our factories are closed, and the good jobs have gone overseas
While the public is focused on tariffs and pundits are bemoaning the dangers of a "trade war," our foreign competitors have the last laugh every day, watching our factories close and our colleges over-qualify future pizza delivery peons. It doesn't have to be that way. In fact, it's easy to see a solution. Here is … Continue reading VAT is another big reason our factories are closed, and the good jobs have gone overseas
CNN, Paul Ryan, Cato, NY Times, Paul Krugman, Heritage – one establishment voice against tariffs
Rich or poor, religious or not, every leader of every Southern state in 1860 opposed tariffs and embraced slavery. In the North, where there was no slavery, everyone favored tariffs to protect both American industry and wage earners from unfair foreign competition. Today, Paul Ryan, Cato Institute or Heritage Foundation invariably promote cutting Social Security, … Continue reading CNN, Paul Ryan, Cato, NY Times, Paul Krugman, Heritage – one establishment voice against tariffs
Greece bailouts are just to keep banks fat and happy, while families suffer from ten consecutive cuts to their livelihoods
Billions for banks. Hardly a farthing for the families of Greece. The country continues to face impending feudalism to pacify a financial monarchy ruling Europe. Since 2010, Greece has received nearly $277 billion in bailout funds. Almost all of the money has gone to pay the country’s debts, cover credit default swaps, pay jacked up … Continue reading Greece bailouts are just to keep banks fat and happy, while families suffer from ten consecutive cuts to their livelihoods
China has destroyed our factories and jobs because of its unfair import VAT policy, not just currency manipulation
Almost 80% of the Senate (78-20) just voted for a measure that would cite foreign nations for manipulating the value of their currency, although the enforcement of any penalties was not and will not be addressed. But the real purpose of the vote was to give Democrats license to vote for Fast Track authority without … Continue reading China has destroyed our factories and jobs because of its unfair import VAT policy, not just currency manipulation
China taxes imports heavily, saving jobs and their economy
One of the dirty secrets that big business and government leaders hide when praising so-called international free trade and globalization, is that it only applies to the stupid American taxpayer. The reason is simple - the Value Added Tax (VAT), which is used in Europe, China, etc. to promote exports and restrict imports, so that … Continue reading China taxes imports heavily, saving jobs and their economy
You can fool nearly all the people... 