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11.16 Scotland was first Industrialized Country to Run wholly on Wind in October

11.16 How pesticide bans can prevent tens of thousands of suicides a year [how many thousands more die early from eating pesticide-laced food?]

11.15  The long read:  The plastic backlash: what's behind our sudden rage – and will it make a difference? [the world wants to throw-up...]

11.15 Claws out: crab fishermen sue 30 oil firms over climate change [workers are waking-up...]

11.15 Trump administration to cut air pollution from heavy-duty trucks

11.14 Backed by Ocasio-Cortez, Youth Climate Activists Arrested in Pelosi's Office Demanding Democrats Embrace 'Green New Deal'

11.13 What would a smog-free city look like?

11.13 Global report highlights Australia’s renewables potential amid mixed signals for coal

11.13 Interior department whistleblower: Ryan Zinke hollowed out the agency

11.12  This Land is Your Land:  The Zinke effect: how the US interior department became a tool of industry [behaving ignorantly again...]

11.12 Planned Parenthood's new president warns of 'state of emergency' for women's health

11.11 Trump responds to worst fires in California’s history by threatening to withhold federal aid [behaving ignorantly again...]

11.11 Interior department sued for ‘secretive process’ in at-risk species assessment [behaving ignorantly again...]

11.11 Keystone XL pipeline: judge rules government 'jumped the gun' and orders halt [behaving ignorantly again...]

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Daily: FAIR Blog
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US Politics, Policy & 'Culture'

11.16 As 'Green New Deal' Demand Grows, Democrats Have Choice: Confront and Defeat Fossil Fuel Industry or Take Credit for 'Doomed' Planet [Two choices: Save life-on-Earth or help Republicans let it die?]

11.16 Trump’s latest interview shows a president who’s in way over his head

11.16 Why the political fight in Georgia is far from over

11.16 Florida judge sides with Democrats, giving thousands a second chance to fix their ballots

11.15 Democrats Won Big. Can They Go Bold, Too? [it's about suppressing the influence and leadership by Republican-like Democrats who counsel 'íncremental' (no) change, such as Nancy Pelosi, Steny Hoyer, Hillary Clinton, Chuck Shumer and Joe Biden]

11.15 Pentagon Officials Forced to Make Fewer Public Appearances to Avoid Provoking Trump [...by revealing Trump's huuuge ignorance]

11.15 REPUBLICANS USED A BILL ABOUT WOLVES TO AVOID A VOTE ON YEMEN WAR [if there are 'defense industry' profits to be made—including congress-critter insider-trading—and political 'donations' to be had, we mustn't stop killing innocent civilians!]

11.15 Big Oil v the planet is the fight of our lives. Democrats must choose a side

11.14 The Real Florida Recount Fraud

11.14 Telling NRA #ThisIsOurLane, Doctors' Photos Show Blood-Soaked Reality of America's Gun Madness

11.14 At Freshman Orientation, Young and Growing Progressive Caucus Makes Clear It Will 'Fight Like Hell' for Bold Democratic Agenda

Justice Matters
High Crimes?

11.14 The Guardian view on Yemen’s misery: the west is complicit [WAR CRIMES]

Economics, Crony Capitalism

11.16 Amazon’s HQ2 Will Get a Tax Break Designed to Help the Poor [a Republican program that directly helps participating wealthy companies—but only helps workers if and when 'trickle-down' occurs.]

11.16 Trump doesn’t want to punish Saudi Arabia over Khashoggi. His new sanctions prove it. [George W. Bush made a similar immoral decision for the same oily reasons after 9-11, protecting Saudi defense contracts while facilitating the slaughter of poorer Arab "terrorists" in the region.]

11.15 The Earth is in a death spiral. It will take radical action to save us [fossil fuel burning, un-recyclable plastic production/use and methane gas release must cease ASAP.]

11.14 Brexit: May tells her cabinet, this is the deal – now back me

International & Futurism

11.15 Cuba to pull doctors out of Brazil after President-elect Bolsonaro comments [terms must be negotiated for fairness to Cuba's health professionals without disruption of healthcare for Brazil's poor]

11.14 'Appalling' Khashoggi audio shocked Saudi intelligence – Erdogan [Exposing a psychopath?]

11.14 Israel and Hamas launch hundreds of attacks in Gaza clash

11.14 Mueller seeking more details on Nigel Farage, key Russia inquiry target says

11.13 Austin's Fix for Homelessness: Tiny Houses, and Lots of Neighbors

11.13 Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.

11.13 Caravan marks one month on the road: ‘We keep on going, laughing or crying’

11.13 Letter Shows Einstein’s Prescient Concerns About ‘Dark Times’ in Germany

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  Print view: Thinking About Recipes
ECONOMIC SENSE:

Thinking About Recipes

If you innovate here and make it here, you should be tax exempt on the profits from products that meet these criteria.

by Fred Cederholm
We let products in without restriction or constraint. Meanwhile the rest of the world levies a plethora of limits, requirements, restrictions, and restraints on the goods and services made here. Where is the reciprocity?

I’ve been thinking about recipes. Actually I’ve been thinking our economic/ financial messes, unemployment, the coming elections, free trade, innovation, taxes, stimuli, and a “new” plan of action. It is time that the United States of America buckled down and seriously got to work. I am not just talking about the loss of jobs. Our government needs to take off the gloves and deliver some one-two punches that will turn things around. We are in the midst of what could become a total global dislocation, that is, if this pending worldwide depression has not already passed the point of no return?

You see we are not looking at a coming second dip in a double dip recession/ depression. We have NOT experienced a turnaround – period! The bulk of businesses, families, and individuals here are hurting. They are hurting badly. Let’s face it the TRILLIONS spent on stimuli thus far have not made it to main street. The bailouts, the MEGA BILLIONS, and the “cures,” have not fixed one thing. Oh, it is true that a very few of the biggest banks and investment houses have received a temporary stay of execution, but just what have all the packages from our elective officials accomplished? The vast bulk of the initial TRILLION dollar “fixes” merely transferred temporary ownership of worth-less and worthless investment paper to be warehoused at the FED until the turnaround comes and the “Wall Street” financial sector buys them back. I seriously doubt such actions are ever going to happen, not in my lifetime, anyway. Their actions thus far have transferred the losses from the balance sheets of the few to the Federal government – meaning to the US taxpayers and generations to come. We are even printing the fresh money to buy our own debt. The US Treasury and the Federal Reserve Bank sectors have only bought some time. The costs of these bandages have been staggering, but nothing has really changed.

We are starting to hear about the real problems (finally). But where are the solutions, I mean where are the nuts and bolts plans to correct the crimes and abuses which got us here?

With elections roughly six weeks away, we are hearing all about the candidates marvelous plans. We are starting to hear about the real problems (finally). But where are the solutions, I mean where are the nuts and bolts plans to correct the crimes and abuses which got us here? Criminal actions at the highest levels need to be prosecuted. The movers and shakers behind the greed and misdeeds need major penalties. They need to serve hard time in jail. We need to send the word that there will be a cost to such aberrant behavior. There needs to be a stick, but there also needs to be a carrot!

Free trade today is a joke. The USA has become the dumping ground for the world’s production. Hey, Americans will buy anything if it is cheap regardless of the quality. We let hundreds of thousands of products in without restriction or constraint. Meanwhile the rest of the world levies a plethora of limits, requirements, restrictions, and restraints on the goods and services made here. Where is the reciprocity? It is high time the US responded tit for tat. Just TH*NK of what was invented here - the must have/ gotta have “stuff” that the world wants (and maybe even needs). How much of these goods are still made here? You would be surprised by the long list of products that we invented that are no longer manufactured here at all. This situation can (and must) be turned around. This can become our salvation and our carrot. Taxes are now the stick which has forced much of our production overseas. These, too, can be transformed into carrots.

Innovation, product creation, and product development are part of the American tradition, a part of the American adventure, a part of the excitement of America. Use this fact to our benefit. We need killer applications and goods that the WORLD must have and will buy - but buy from the American factories and assembly lines. How do we accomplish this turnaround? Well, TH*NK about it???

Give US-based (and taxed) corporations a pass on all profits from the goods as far as income taxes are concerned at the Federal AND the State level --- IF AND ONLY IF the goods and products are manufactured here!

Our laws and taxes need to stimulate creativity and keep the jobs created in the making of these new products here. We need a comprehensive overhaul of the oppressive tax laws that are killing US/ us as an economically viable nation. Give immediate (and substantive) tax credits for research and development here. That has worked for US/ us before, but tie these created products to a “made at home” limitation. Get America TH*NK*NG! Get America WORKING! Give US-based (and taxed) corporations a pass on all profits from the goods as far as income taxes are concerned at the Federal AND the State level --- IF AND ONLY IF the goods and products are manufactured here! END the tax freebees to those companies who shift their manufacturing operations abroad. (Example: why is a lion’s share of our pharmaceuticals now manufactured in Puerto Rico?) Making these changes will right our disastrous negative trade imbalances. It will put Americans back to work. We must also enforce intellectual property rights and patents to circumvent “the idea thievery” that has gone on far too long.

When will our government realize (and acknowledge) that we have the solution within our grasp. Require that if you want to sell here, you manufacture here. If you innovate here and make it here, you are tax exempt on the profits from products that meet these criteria. Seriously look at the power of tariffs and exclusions against those nation states which levy their requirements and limitations against our American made products. What is OK for the goose is OK for the gander! It is high time this global one- way street is closed.

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2010 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.



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This story was published on September 20, 2010.

 

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