We ALL need to follow this suggestion re "Buy American" -
It's short and sweet, but it certainly makes a point. In the future,
I will be trying to do what the film clip recommends. Hope you do,
too!
Click here:
http://www.youtube.com/v/4FrGxO2Fn_M
<http://www.youtube.com/v/4FrGxO2Fn_M>
While I agree that we need more US jobs, the answer isnt for us to
pay "just a little bit more", its to fix our political and economic
system. I can buy a Volvo heavy excavator for at times 1/3 less than
I can a CAT. Why? Because the average wage at the CAT facility in
the US is more than 3 times the average wage of the people that use
them. Same goes for the manhole covers we use, the raw material that
makes up the PVC pipe that goes in the ground etc. As an employer, I
can tell you first hand why our products are not made here anymore-
it costs too much.
Between the taxes, regulation, unions, lawyers, etc. its better for
the business to outsource it. The consumers aren't going to pay
double for a TV just because some union outfit in the US made it.
And, this goes much deeper than made in the US- It costs everyone
that pays taxes way too much to pay the salaries for the unionized
firemen, police, etc. I know that they have a "dangerous" job but so
do I. I and my employees work in manholes 30 feet deep, I am a
commercial pilot and a commercial diver. All of these jobs are
dangerous, but at the end of 20 years of making 3 times the local
average wage I dont get 100K a year to stay home.
I build a lot of microcontroller systems now, and I buy the parts
straight from the manufacturers if I can- in China. I can buy the
exact same parts from a US supplier for 5 times the cost, parts that
they bought from the same Chinese manufacturers and marked up 500%.
If you pay 500% too much for materials, you are crazy.
Any 4th grade math student could figure out that any business that
pays 80% of its payroll every 20 years to people that arent working
cannot last- after 20 years your payroll is 180% of what it was, in
20 more an additional 80, etc. not counting annual raises and
increases. I dont know about you but I have to hard bid every job I
get, and I dont get to figure in an additional 4 million for
retirement for 45 year old former employees.
My construction business is a few years over 20, my payroll
scratched 4 million a year, I was audited on average every 1.3 years
at a cost of over 100K in annual legal and accounting fees, now
Obamacare, and the list goes on. Which is why I retired a couple of
years ago and let go of over 100 employees. Not worth it.
The answer to buy American is to reform the system so that people
like me will take the risk of starting and running a business. I
have a business in a different industry now, and after the next
president is elected I will decide if I should expand it and hire
more employees. If the government is still going to penalize me and
harass me for employing people, then I will stay a retired 46 year
old that retired off of my own earnings not the taxpayers.
Kevin Alderman
Very well stated, Kevin!
Gary Knutson
I am thinking of starting a Corp to make my ignition in Australia.
Paul Lamar
I don't think that is a good idea Paul, we have our own problems in
the areas mentioned. The current government is trying to relieve some
of these dis-incentives for business, but is being obstructed by the
Senate.
John Evans
I would go the KFC route- the 11 herbs and spices are (at least when
I worked there many years ago) at 3 different places so that no one
has the whole recipe. If I were you Paul, I would get with a Chinese
company to make the coils, another for the board, and start a Bermuda
or Belize company to handle the $. Belize has a straight 10% tax rate
on money earned inside Belize, and no tax on $ earned outside. The
only issue will be getting it back here :). Bermuda has lots of
incentives to draw in business. Also, the Freeport Bahamas area is
tax free for another 54 years. Start a business there, no taxes for
54 years. There is an ample workforce to watch equipment, and I am
close enough to watch it for you :).
I researched this a few years ago, and if your primary markets are
outside the US, this makes a lot of sense.
Kevin Alderman
Wasn't this proposition made on April First? Paul is too much a
patriot and conservative to make it anywhere but in the good old
U.S.A.! To do it another way would be hypocritical!
john hedblom
Sometimes one must be hypocritical to stop giving the moron US
liberal government the
money to spend on stupid things. The end justifies the means.
A certain group in the US consisting of 15 to 20% of the population
will vote Democrat no matter how awful the pres. They are too
stupid to do
otherwise.
Paul Lamar
Being a patriot is a great thing, but the government isnt going to look
out for you. That is your job. Remember the last election? The media
dogged Mitt because he gets his income from capital gains to lower his
overall tax rate. He was put down at every opportunity because he is
rich and he pays less taxes than the poor people, which is a lie.
Yesterday Mark Zuckerberg announced that his salary was now $1 a year
and the media applauded such a wonderful man so willing to work for only
a dollar. However the 3 billion in stock that he sold last year at a
capital gains tax rate of 15% goes unreported. Because just like Warren
Buffet, Gill Gates and thousands of others, he is a liberal and supports
his staying rich while they beat the rest of us up and steal what we
work for.
Start your business wherever it benefits you the most.
Kevin Alderman
The Rotary Engine News Letter. Powered by Linux.
ACRE NL web site.
http://www.rotaryeng.net.
You Tube
http://tinyurl.com/beqqxas.
Copyright 1998-2014 All world wide rights reserved.