Thief
Rogue Theologian
yes.....rule....
let's not be naïve
a previous democrat opened the economic doors to China
oooops
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Can't Stomach Either Political Party After Tonight
- Thread starter Babygirl2010
- Start date
let's not be naïve
a previous democrat opened the economic doors to China
oooops
epronovost
Well-Known Member
Nixon was a Republican if I remember well.
Thief
Rogue Theologian
It was Clinton that cut the deal.....as I recall
epronovost
Well-Known Member
There has been numerous, numerous deals over the course of four different presidencies. Clinton did try to make China recoil in the early 90's before capitulating before them in the mid-90's. Bush son continued business as usual with China, continuing a process for increase trade. Even Trump stance on China is very volatile and is unlikely to affect trade relation in the long term, more likely, even if he were re-elected, he will do just like Clinton and capitulate before China to avoid an economical downturn. Unlike the others though, all party included, Trump has been the most quiet when it comes to human right abuse with his lukewarm support to Hong Kong protestors and his weak move following the internment of the Uyghur (then again everybody is these days). The toughest POTUS on China remains Bush senior and even then he wasn't exactly all that firm and this position could be an artefact of doing only one term too. He might have capitulated like Clinton did. The relation between China and the US couldn't be more different than its relation with the USSR despite the fact that both countries were communist giants (and China still is).
Thief
Rogue Theologian
so it will make no difference?......to China
epronovost
Well-Known Member
Indeed, Democrats or Republicans, the world economy will keep on spinning and the US and the rest of the western world dependance to China for cheap manufacturing goods will remain just as strong. The only thing that could change this is direct act of bellicosity from China against another country (like Taiwan or Vietnam for example) or a regime collapse. Then again, this dependance relationship might simply shift to India or even Nigeria though the later is actually China's centerpiece for its own cheap labor.
Welcome to the dark side....even if it's not my dark side (Libertarian).
The Big Two are indeed unpalatable choices for some of us, offering
the lesser-of-2-evils option. Unlike in the last election, I won't be
voting for evil in November.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
I think its because he paid little or no taxes due to loopholes designed for the wealthy.
How do you know he paid little or no taxes?
What are the "loopholes"?
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Its just a suspicion. Givin the fact that one blue collar worker actually paid more in taxes than an entire fortune 500 corporation, it follows to reason there are similar loopholes in place to benefit wealthy individuals.
Figure this one out...
Substantial Income of Wealthy Households Escapes Annual Taxation Or Enjoys Special Tax Breaks
The article treats as income things that aren't GAAP.
Rather than pointing out "loopholes" & tax avoidance,
it proposes a radical new method of taxing wealth.
If one claims that a big company pays no income tax,
then this requires identification & analysis of why.
Losses are one explanation.
Here's a big problem with taxing wealth without a taxable
event (eg, a sale)....
In many cases, assets appreciate only due to monetary
based inflation, ie, expanding the money supply faster
than economic growth causes the value of the dollar to
decline. What's called an increase in value can be nothing
but more dollars required to have the same economic value.
To tax us for the dollar's decline is just wrong.
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Twilight Hue
Twilight, not bright nor dark, good nor bad.
Wandering Monk
Well-Known Member
SkepticThinker
Veteran Member
As in, filed for bankruptcy 6 times bad.
As in, had to take over $400 million from his father to keep his failing businesses afloat, over and over again, bad.
As in, had to pay out a $25 million settlement for defrauding university students, bad.
As in, had to pay $2 million in court-ordered damages for misusing charitable funds to have portraits of himself made, bad.
To name just a few off the top of my head.
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ecco
Veteran Member
Uh huh.
ecco
Veteran Member
Did no one else notice?
Exactly the level of response I expected.
Taxation is a complex thing, & poorly understood by most.
I recommend having complicated tax returns...it's a real education.
Sure.
But time travel is common these days.
Daemon Sophic
Avatar in flux
Babygirl2010
Member
Finally!
The DNC finally put out something that most Americans have always embraced. They waited till the 4th night. Tomorrow night is the last night and if they go back to what they spewed out that first night I am sure they will lose many supporters.
The DNC finally put out something that most Americans have always embraced. They waited till the 4th night. Tomorrow night is the last night and if they go back to what they spewed out that first night I am sure they will lose many supporters.