Jay wrote:
uziq wrote:
you'd feel differently about it if you lived in flint, michigan and didn't have giant socialised workfare schemes to remunerate and educate you.
commie
So we should keep the factories open just because people live there? That's stupid and you know it. Their parents and grandparents moved to the city because they heard there was work there. They can do the same and move to where the work is instead of whining incessantly about "they took ur jerbs". The people who live in the Rust Belt did themselves in. The union employees wanted to work as little as possible while making the most money they could (completely rational, but self defeating).
The effects go well beyond a few people being unemployed.
Negative balance of trade and debt to foreign countries. And I agree, in many cases unions have cut their own throats, but still, govts which follow free market theory beyond their own interests have encouraged it with high corporate taxes and low personal and consumption taxes. America is about the only country in the world without a VAT.
Federal debt - the govt spending 40% more than it receives in taxes.
These are bad things, whatever the inane theories you subscribe to say.
By 2030 America will not be able to borrow any more, Federal spending will have to be cut savagely - either the military or social spending will have to be cut to zero, imports will also be unaffordable.
Then its going to hurt like you can't imagine.
I don't care that you bury your head in the sand, you're going to be amongst the hardest hit.
Read the book if you want, or don't, I don't care.
Last edited by Dilbert_X (2016-05-30 15:03:17)