Originally Posted by tgagneguam
And I'll start a more compassionate petition that will make more substantive change for the auto industry: balancing the budget and showing fiscal restraint so that when GM profits from its endeavors it gets to keep more of those profits; balancing the budget so that the dollar is more appropriately valued and in turn reduces the price of oil; ridding this country of useless, wasteful, misguided, excessive legislation that burdens business by discouraging investment; tort reform so that companies require appropriately-sized legal departments to conduct business legally and rationally; the encouragement through competitive grants to make science appealing to students in secondary school and post-secondary school so that American industry finally(!) has access to well-trained, qualified candidates for positions throughout their company so that they (and college universities) don't have to waste time and money retraining their workers/students in the basics. That is a much, much more appealing beginning to helping industry in this country than anything proposed thus far!
A quite uninspired approach to helping industry.
Thank you.
And who pays for that healthcare? Who pays for those tax breaks? I love that people think there's a magic tax revenue tree that pays for all these programs. What pays for them are the elimination of Bush's tax cuts, it's raising the capital gains tax (that will discourage investment in industry), it's raising taxes on families that earn(!) more tha $250,000 per annum. In essence, it means increasing the tax burden on those most capable of supporting inductry. So, how does making GM pay more in taxes help them? How does having consumers pay more in taxes help them support American industry? Make no mistake about it: when you work, it's your money, not the Federal government's. When they take $100 out of your(!) paycheck and give you $5 back in a tax break, it's not a good thing, especially when they should have only taken out $50 to begin with!
It's the government's job to provide a free, fair society. That, in large measure, is why we have so many successful companies that are the envy of the world. It's why our post-secondary institutions attract students from around the world. It's why people come to this country by the millions. Having a free, fair society absolutely involves the risk of failure. And welfare, fostering a sense of dependency on a system is no way to succeed. To insinuate that Toyota and Honda are successful simply because Japan supports their industries is pure twaddle. There are Japanese companies in other industries that, try as they might, cannot hold a candle to American enterprises. And that results from American enterprises' ingenuity, not as a result of America helping out those industries.
If you believe in GM, then put your money where your mouth is. Buy their stock. They will in turn invest in their industry, and you will reap the reward when they profit from their endeavors. But don't tell every tax payer to pay more in taxes to help an industry that unfortunately has mismanaged itself for decades because it's the compassionate, patriotic thing to do. That's pure bull****, plain and simple. Giving an alcoholic more alcohol is not compassion. Giving a homeless drug addict money "to buy some food" is not compassion. And giving American industry cash in the form of tax breaks is not compassion for the American auto industry.
|