In response to:

Liberals Pine for China's Top-Down Society

Steve of CA Wrote: Dec 19, 2012 2:29 PM
"And you just can’t dismiss that still peasants in the rural countryside in China make $3 a day, while metro-dwellers make $30,000 a year" And the workers in factories of multinational corporations do not make much more than the peasants, nor do they enjoy the kind of safety protections workers in America take for granted.That is why so many jobs have been outsourced to China and other countries with similar working conditions. China today is better off than it was when it was truly communist, but on the other hand it is a corrupt authoritarian regime where members of the Communist party and their relatives enjoy all the privileges. Same true for Vietnam.
John in Gwinnett,Ga Wrote: Dec 19, 2012 4:21 PM
I am gonna need some links to back up your factoid you lead with Steve about workers in multinational corporation factories.
Steve of CA Wrote: Dec 19, 2012 9:51 PM
There have been ongoing controversies over the mistreatment of Apple workers in China and Walmart workers in Bangladesh, to cite two examples.
Jeff2422 Wrote: Dec 19, 2012 3:42 PM
So the floppy ear guy, Ross Perot, was right. Free trade is a great thing, unless you lose all manufacturing jobs in the process. That was that big sucking sound we heard in the Midwest. I don't like protectionist policies, but free trade with people who don't hold our same values and don't have any standard of living is not going to be "free", it has costs us millions of well paying jobs. NAFTA and GATT are fine when every country involved have similar regualtions and standards of living. Otherwise, speciallized and low education manufacturing jobs go to the country with the least costs. Allegedly, highly educated tech jobs were to replace the manufacturing jobs that were part of yesterday's economy. Oops, that did not happen.

Kenneth416 wrote: While I will not be affected by the increase in the marginal rate of taxation of salaries and wages from the current 35% to 39.6% (as under the Clinton-era), I doubt that it will have a serious effect on the behavior of the highest earners. Note that, for a high earner who earns $1M, the additional income tax will be only $46,000, less than the cost of the luxury Mercedes or Lexus he or she drives (and which is probably provided by his/her employer, anyway). The real bite comes in the tax on Dividends and Cap Gains, where the...