Kasz216 said:
naznatips said:
Kasz216 said:
Rpruett said:
I agree with you, NAFTA allows United States businesses to benefit Canada and hurt America. Nafta allows Canada to maintain a competitive advantage over United States businesses. Where I ask is a bulk of this dramatic economic growth taking place? Seems to me that Canada (Not the United States) has been the biggest benefactor of NAFTA.
America is at fault for many reasons for their current position and could actually learn from Canada quite a bit. However, Canada was able to put themselves in that position while piggy backing off of America and taking advantage of their businesses.
|
It doesn't though... what allows Canada to maintain a competative advantage over the US is overregulation. I mean, it SHOULD be more expensive to work in Canada on the surface of the matter.
They just have half the corproate tax rate, compaired to the US, despite being way more socialist. Which really says something when people complain that the corporate tax rate should be HIGHER.
|
That's only selectively true. They have half our official corporate tax rate for big business, but we don't actually charge any big businesses those corporate taxes. For example, through legislation oil companies pay what is for all intents and purposes zero taxes. The same is true of large technology companies (Microsoft, Apple) and many many manufacturing companies. That said, our government has certainly become bloated and lumbering, and needs major reform in general.
If you want to know what screws over US business and labor for the average employee it's that our corporations pay their CEOs about four times the global average for an equal position (yay American greed!). If even 1/3rd of the money paid to the top 5% in the US was distributed down to the businesses themselves we could create a job surpluss, raise wages for the lower and middle class, and increase training available. This is why trickle-down economics does not work. Greed trumps intelligent business operation every time, with the few exceptions of the occasional charitable billionaire like Warren Buffett or Bill Gates.
PS: I will happily flee this mess of a country some day for somewhere like Canada.
|
Your fault lies in thinking the US is the only country with corproate loopholes.
http://www.bloomberg.com/news/2011-04-14/u-s-companies-pay-world-s-sixth-highest-tax-rate-study-finds.html
Aside from which, i'd like to see that CEO study... largely to see if they actually adjust for the size of the company and it's assets... or if it's just juding "CEO Pay" which would be kinda silly... since the CEO of Wal-mart should make more then the CEO of a French "super store".
|
It's been four or five years since I read it, and it was in a peer reviewed journal for a problem solution paper I wrote in college, so I'm not sure I can find it. As I remember it, though, it compared executive income and benefits (their total draw from the corporate coffer) relative to company profits and value. It not only had national average statistics but cited several examples of countries with much better balancing of pay distribution and profits.
I specifically remember Japan having a massive differential, which is something you've likely seen yourself. If not, you can always look up the fairly recent Nintendo executive sallary cut. Miyamoto was only making about $1.2 million, and Satoru Iwata was only making $2 million. Not only that, but they willing cut those already very low annual sallaries in half. No US company of the size/profitability of Nintendo pays its executives anywhere near that low, and they would certainly NEVER consider a willing sallary cut.
That said, Asian countries have a lot more business and worker loyalty in general as part of their culture, and the difference in European countries is not nearly as stark. In fact for a businessman in Asia it's proper to introduce yourself as "owned" by your company. I.e. my father works for Rolls Royce, so when he was in Japan he would introduce himself as "Rolls Royce's Steve." Your company is a part of your identity. It's a pretty different environment, and one with far less job turnover.
