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06.11 How a nonprofit turned Baltimore County school storage rooms into a free general store for students in need

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Books, Films, Arts & Education

06.14 The Trump administration is waging a quiet war on education

06.11 Underpaid Adjunct Professors Sleep in Cars and Rely on Public Aid [The disease of rapacious-capitalism infects the education system]

Letters

Ref. : Letters to the editor

Health Care & Environment

06.15 'The Changes Are Really Accelerating': Alaska at Record Warm While Greenland Sees Major Ice Melt

06.15 So much plastic is being made that "recycling has no impact" [Non-recyclable plastic must be made illegal to manufacture, use]

06.15 Climate crisis: aviation industry hears clamour for electric planes

06.15 We must transform our lives and values to save this burning planet [Increased ice melt in polar latitudes has been disguising reality in the middle latitudes. This effect will soon be replaced by record heat as ice volume and seasonal melting increasingly declines.]

06.15 This all-male council in Texas just voted to ban abortion [1:59 video; Bad assumptions foment ignorant actions...]

06.14 The Trans Mountain pipeline is a disaster – but Trudeau can make it right

06.14 The Pentagon emits more greenhouse gases than Portugal, study finds

06.14 Climate crisis: Alaska is melting and it’s likely to accelerate global heating

06.13 Chemical companies at centre of Guardian's Cancer Town series face state legal action [7:56 video]

06.12 'This is not a "what if" story': Tokyo braces for the earthquake of a century

06.12 Plant Species Have Been Disappearing 500 Times Faster Than Normal, Thanks to Humans

06.12 Atmospheric carbon levels are leaping. We can't afford more years like this

06.12 Politics as Usual and Planetary Destruction

06.12 Most 'meat' in 2040 will not come from dead animals, says report

06.11 Forest twice size of UK destroyed in decade for big consumer brands – report

06.11 Twice as many plants have gone extinct than birds, mammals, and amphibians combined

06.11 NOAA forecasts very large ‘dead zone’ for Gulf of Mexico

06.10 Conservatives should change how they think about global warming. I did [Another crisis issue conservatives won't acknowledge...]

06.10 Scottish Power to build vast battery to improve wind energy supply [Who won't understand this?]

06.10 Greenpeace activists board BP oil rig as it is towed out to sea [Fossil fuel company conduct should be illegal...]

06.09 Racism as a Public Health Crisis

06.08 GreenWay Reaches 100 EV Fast Chargers In Poland!

06.07 The Other Climate Threat is Fear & Apathy: We can Fix this by Voting in a Manhattan Project

06.07 Toyota speeds up electric vehicle schedule as demand heats up

06.07 For 'Challenging Us All to Confront the Realities of the Climate Crisis,' Greta Thunberg and Fridays for Future Movement Win Amnesty's Top Human Rights Award

06.07 Purpose in Life Protects Against Cognitive Decline Among Older Adults

06.07 All New British Columbia Light-Duty Vehicles Will Be Zero Emissions By 2040

06.07 Caribbean Solar Update: Curacao Solar Saves 10% In Energy Costs; Montecristi In The DR Doubles To 116 MW

06.07 Santiago (Chile) Adding 200 Electric Buses In 2019

06.07 Single-Payer Reform—“Medicare for All”

News Media Matters

06.15 China's Expanding Media Dominance in Africa

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

06.15 'Eye-Popping': Analysis Shows Top 1% Gained $21 Trillion in Wealth Since 1989 While Bottom Half Lost $900 Billion [More equality or bring back the guillotines!]

06.15 Hard Times in the Imperial Valley

06.15 Ro Khanna Forces Beltway Bandit to Refund Millions From Price Gouging

06.15 White House physicist sought aid of rightwing thinktank to challenge climate science [When your President is a quack he naturally surrounds himself with sycophants]

06.14 Do Your Jobs: Sick and Dying, They Brought Themselves Down Here to Speak - To No One

06.14 The Case for Reparations [5:31 video]

06.14 Bernie Sanders just made a brilliant defense of democratic socialism

06.14 Texas Progressive Jessica Cisneros Announces Primary Challenge to Unseat "Trump's Favorite Democrat" in Congress

06.13 Elizabeth Warren Has a Plan for Everything — Except Health Care

06.13 Where do the 2020 Democratic candidates stand on the key issues?

06.13 Hidden Figures Way: Nasa renames street to honor black female mathematicians

06.13 Why are we still pretending 'trickle-down' economics work? [We aren't ‘laffing’ now! In Trump-world all the worst people are celebrated. Ref.: 3:07 Idiocracy Courtroom Scene]

06.13 What’s actually in the Green New Deal, explained with a video [7:30 video]

06.13 Even the 1% Know They Aren't Paying Their Fair Share: New Poll Shows 60% of Millionaires Support Warren's Ultra-Wealth Tax

Justice Matters

06.14 Justice Denied, Delayed, or Done Right? Serious Concerns as Prosecutors Throw Out Charges in Flint Water Crisis Cases [A very flawed prosecution using suspiciously limited evidence has been thrown out, a stronger case will be brought using newly found, voluminous evidence.]

High Crimes

06.12 'Sea Rescues Have Been Criminalized' as German Boat Captain Faces 20 Years in Prison For Saving Refugees

06.11 Hundreds of North Korean execution sites identified, says rights group

Economics & Corrupt Capitalism

06.11 Capitalism isn't 'broken'. It's working all too well - and we're the worse for it

06.11 The problem with billionaires fighting climate change? The billionaires [Bloomberg's sanity to control greed to save the life-on-earth (and continuing profits) is unfortunately rare]

06.09 Elizabeth Warren’s economic nationalism vision shows there's a better way [As like championed by Economist Joseph Stiglitz]

International & Futurism

06.15 Africa’s Lost Kingdoms

06.15 Homophobic and transphobic hate crimes surge in England and Wales

06.15 Extinction Rebellion protesters stop rush-hour traffic in London

06.15 Hong Kong leader suspends extradition bill amid protest pressure [1:37 video]

06.15 The US must stand with the people of Hong Kong [But this attacks Xi's authoritarianism, which Trump is most envious of for himself...]

06.14 As Angus Taylor ducks, weaves and dithers, China zooms past

06.13 What does it mean to be genetically Jewish? [Doing a mental dance with archanery: could a significant number of Russians and Palestinians be intentionally included or excluded as genetically Jewish? And why would Israel do this?]

06.13 Two oil tankers struck in suspected attacks in Gulf of Oman

06.13 Theresa May’s carbon emissions plan will fail if the chancellor remains complacent

06.12 Hong Kong: police use rubber bullets as protesters vow 'no retreat' [1:34 video]

06.12 French medics warn health service is on brink of collapse

06.12 Leaked documents reveal Russian effort to exert influence in Africa

06.12 Extending the US Embargo on Cuba & Hurting the People [Doing what's cruelest]

06.12 Annexation Without Citizenship Is Apartheid

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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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