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Originally Posted by thommy
paul:
what you do not understand about economy is that you will increase the costs for any kind of production dramaticly.
that means that products will become more expensive and will be baught LESS. if products are bought less, it iwill decrease the number of people who get work from it and with that the potencial buyers will become even lesser.
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The increased costs will decline as Automation kicks in. The upside it more Westerners will have jobs to earn enough to come off benefits and start contributing. I see your greed POV, think long term as more people lose jobs and buy less anyway.
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If you want to make growing you have to use the most advantage out of every part. means that technology countries can possibly easier and cheaper find new technologies but they canīt produce them cheap because the labour costs re too high.
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Will those plants be in the West or the East?
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you also canīt compare labour costs with standards of a country. I live in Thailand and here the majority have less than a 5000 dollar income per year. but the can live from that. show me an american who can live from 5000 per year.
but to prevent that prices going far over the existing limit they would have to work for that money to make the pricecalculation same it was before.
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So Thailand will be hit very hard. I can see why you're for exporting cheap goods now. I'm worried about us in the West.
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that what you think will NOT bring higher wages, taxes and less government spending it will be the opposite, because a number of underpaid workers will pay a MUCH LOWER ammount of tax because first of all the % is lower on small incomes as on high and 2nd the ammount is lower too.
if one person is making a million per year the country gets a MUCH higher percentage of that as you give the same ammount of money to 100 workers, right or not ?
so HOW can the taxes become more ?
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If one person in China is making $1million, 100 workers in the West are unemployed. If one person in the West is making $1million. His company is paying a lot more in taxes than a company in Thailand to the US economy. My argument is all about where the companies are located and to what country they contribute.
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and another thing you should compare is not only the lower income and lower costs in china against higher income against higher costs - the PRIVATE household in china have nearly no dept. so if it would be nessecary there is still potential. in usa this potential was over itīs limit 25 years ago already.
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That's because most live in what the West considers as poverty. And a different culture. You want those people in debt to risk losing their jobs.
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yes maybe after a decade of 50 or 60 years we will find new ways and regulations but they will be based on the same logics of the economic cycle - and we pay this wiseness with 50 or 60 years of wars, revolutions and poverty.
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It will be too late then. I suspect voters will just vote for Far Right Governments.
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i am not worry about trump and his lobby - they will have made a fortune in that time. who am i worry are the people who are working hard for a little better life but they are handycapped in their knowledge about economies and did exactly the wrong step.
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No you care only about workers in the Third world.
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for my opinion a democracy is a pure pharse if people can vote for things waht they do not understand.
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Stupid statement. Think it through to, who decides who can vote.