Pres. Obama: Pushing Congress to Create Jobs, Keep College in Reach for Middle Class
Mopeder
2012/07/09 16:19:41
President Obama in his weekly address discusses legislation he signed on Friday that does two important things: It keeps thousands of construction workers on the job rebuilding our crumbling infrastructure, and it stops interest rates on federal loans from doubling this year for more than seven million students.
Top Opinion
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wisecracker 2012/07/09 16:47:17
oh yes because congress will never pass the UN-fair tax
can any libs tell me why they think creating jobs is done by taxes?
I am not a liberal, but I will be happy to answer your question.
Globalization is THE megatrend that is sweeping the planet. We are already seeing a much higher level of global competition than ever before in world history, and that trend is expected to continue for the next few decades. The experts who have studied globalization believe that it will rival the Industrial Revolution in its world impact by the time it has run its course. In the midst of that, the USA has probably the worst tax system on the planet from a global competitiveness standpoint. By that, I am referring to the structure of our tax system, not the overall level of taxation. For example, our tax system includes the following features:
1. the highest corporate income tax rate on the planet - since Japan lowered theirs on April 1 of this year,
2. No border adjustment element - no ability to relieve exporters of their tax burden - unlike all of the other 33 OECD nations,
3. the most complex income tax system on the planet and astronomical compliance costs as a result. Dr Arthur Laffer estimated US tax compliance costs at $431 billion per year last year,
4. Taxation of corporations on their world-wide income. This combines with #1 a...
I am not a liberal, but I will be happy to answer your question.
Globalization is THE megatrend that is sweeping the planet. We are already seeing a much higher level of global competition than ever before in world history, and that trend is expected to continue for the next few decades. The experts who have studied globalization believe that it will rival the Industrial Revolution in its world impact by the time it has run its course. In the midst of that, the USA has probably the worst tax system on the planet from a global competitiveness standpoint. By that, I am referring to the structure of our tax system, not the overall level of taxation. For example, our tax system includes the following features:
1. the highest corporate income tax rate on the planet - since Japan lowered theirs on April 1 of this year,
2. No border adjustment element - no ability to relieve exporters of their tax burden - unlike all of the other 33 OECD nations,
3. the most complex income tax system on the planet and astronomical compliance costs as a result. Dr Arthur Laffer estimated US tax compliance costs at $431 billion per year last year,
4. Taxation of corporations on their world-wide income. This combines with #1 above to provide a powerful incentive for companies to locate elsewhere if their sales are global.
So we have a tax system that is, in all likelihood, worse from a global competitiveness standpoint than Namibia, Iceland, Thailand, Bangladesh, Belize and many, many others.
Amidst this crisis, our Presidential candidates are arguing over whether or not Romney was in charge when Bain Capital outsourced jobs. And why would Bain outsource jobs? So they can maximize their profits, which is what any rational business manager is going to do!!! DUUUHHHH.
If they really don't want to work outside of the home, they should get married, stay home and quit blubbering about Women's Rights, and Work Discrimination. In that case there is no reason to spend thousands of dollars on a Woman's Study degree, and then blubber about how no one will hire them, and how expensive student loans are.
women's studies | WORK
-----------------------------...
Transform The World
What you can do with a degree in women’s studies.
by Nikki Ayanna Stewart
a) Become the first woman president of Harvard University
b) Win a Rhodes Scholarship to study sexual civil rights
c) Advocate for domestic-violence survivors while starring on TV’s Survivor
d) Teach the next generation
e) All of the above, and more
It's a typical question from parents, fellow students and even faculty: What can you do with your college degree? In an era of conservative impediments to progressive liberal arts education, a field such as women’s studies seems a particularly common target for that query.
Take advantage, if your not working and can't find a job, get yourself an education. Whether or not some of these colleges are worth the money they charge might be questionable, but in today's job market, that college degree or certificate means everything to get the better paying jobs, so take advantage if you can. If the repugs get back in the White House, that may not be an available opportunity anymore.
It seems like nothing for a college grad to owe 100k by the time they graduate. What interest are they paying these days?