Harvard Study: We're Screwed

[YoUDeeMan]

I just watched Other People's Money.

Sappy movie...and the Japs didn't take over the world's industry (Tom Hanks had another one of those movies...forget what it is called)...but yeah, we ship our manufacturing out and jobs go bye-bye.

Danny DeVito...

[GannonFan]

I just watched Other People's Money.

Sappy movie...and the Japs didn't take over the world's industry (Tom Hanks had another one of those movies...forget what it is called)...but yeah, we ship our manufacturing out and jobs go bye-bye.

Danny DeVito...

You might be thinking of Gung-Ho, but that wasn't Tom Hanks it was Michael Keaton. Good flick.

[YoUDeeMan]

I just watched Other People's Money.

Sappy movie...and the Japs didn't take over the world's industry (Tom Hanks had another one of those movies...forget what it is called)...but yeah, we ship our manufacturing out and jobs go bye-bye.

Danny DeVito...

You might be thinking of Gung-Ho, but that wasn't Tom Hanks it was Michael Keaton. Good flick.

Yup...Gung-Ho.

Japan was the home of the bad guys back then and everyone said we should learn Japanese.

[houndawg]

One of the problems is that American corporations are incapable of looking beyond the quarterly P&L statement. Most of us here aren't old enough to remember America at its peak, back when corporate profits were taxed at 90%. The reason that made us great was that money reinvested in the corporation and/or its workers wasn't taxed at all, prompting the kind of reinvestment we haven't seen since before Reagan was elected.

How cute. houndie actually thinks corporations paid a 90% tax rate back in the day.

Er...no... that was the stick used to get them to reinvest in themselves....