bostonbubble.com

[Guest]

p.s. more data: I work at a firm with well paid and well educated people from the UK as well as European and Asian countries (I'm the only one from the US). None of them have any desire to immigrate to the US. Even if they did, the visa problems would put them off. None of them would really make much more money in the US and they could start a business here just as easily. In fact in some ways it might be easier here because your chance of dealing with frivolous lawsuits is lower.
I think this is kind of a scary statistics because I'm not sure it would have been the case 10-20 years ago.
They don't have much against the US, they are generally positive, but they just wouldn't bother to move because there's not much they'd get out of it. This may be influenced by the sector I'm in, but again, it's data. And I would say the same picture for friends I have at other firms.

[balor123]

[Boston ITer]

[Boston ITer]

[balor123]

[GenXer]

[Boston ITer]

[GenXer]

Boston ITer: I'm tired of being PC. I call a spade a spade. We have 2nd amendment, as you mentioned. I think this is what protects us, not the government. It is silly comparing us to the rest of the world. We are exceptional, because we have the framework to make immigration work as well as to solve many social issues. The problem is that the government is trying to go marxist on us simply because 50% of the population want to live off of the other 50%. This was tried before, and it doesn't work.

[nickbp]

[GenXer]

So are you saying its a good thing? Revolutions and world wars are also historical, so is starvation and plague. What's your point?

[john p]

I saw this program where an analyst summed up Obama's "fairness" policy in this one chart, the income distribution and more recent concentration of wealth.

Obama, like those who build cars in Detroit are using the wrong sets of numbers.

It is now a GLOBAL economy. There are three components to this reality, first, labor competes globally for manufacturing jobs, second, wealth is drained when a nation becomes a consumer society, and third, that ownership rich can invest in growing companies OVERSEAS. If we don't make stuff, the wealthy in our country will invest in the companies that are growing which in many cases are in the emerging markets in the emerging nations.

If someone has 3rd world skills they are competing with someone in a 3rd world nation. The people with 3rd world skills ought to be more thankful that their quality of life is substantially better living in this country because of the wealthy that surround them and buoy their quality of life.

Take Lynn or Brockton, they used to make shoes right? Well have you recently bought a pair of shoes made from Lynn, or how about a watch from Waltham?

Before you start to feel bad for the working class here in this nation, remember this, most poorer people spend their money on products made overseas so they are just as guilty of draining the wealth away from other working class citizens.

Obama and the autoworkers were benchmarking their salaries with the Jones instead of the Wongs.

[balor123]

That's why the Texas governor said that they are competing with China and India, not MA and CA. I don't know why most of this country is taking so long to realize this.

There is one problem that this country needs to address though. As companies have become bigger a larger and larger portion of the compensation is being given to upper management, at the expense of lower workers and even shareholders. It is hard to build efficient companies that can compete globally in this environment.

[nickbp]

[GenXer]

What does it matter what 'historic' is? When you take from Peter to pay Paul, this is socialism. It is wrong, and it is not the American way. 'Progressive' tax rate is also wrong, and having a huge government which has too much control is wrong. Nowhere in the Constitution or the Bill of Rights does it say that I have to support illegal aliens and those who do not want to work, as well as to provide Cadillacs for welfare recipients and in-state tuition for illegal aliens. Nowhere does it say that the wealth we earn has to be spread around. We've always been a generous country with a very high upward mobility potential because of the opportunities available here, but taking my money to perpetuate a ponzi schemes such as social security, and to raise our taxes instead of laying off government workers is socialism, an it is wrong, regardless of what is the 'norm' historically. Having bad policy previously does not justify what is currently hapening. The reason we are doing well is precisely because lower taxes and less government means better economy for the rest of the country.

[john p]

I am not happy that wealth is concentrating at the top either.

An example of how to build a middle class without stealing from the rich is the concept and introdcution of LLC's and I think S-Corps. The LLC (Limited Liability Company) business structure was great for small businesses. In 1996 they had a big push on these and many start-up models used them.

Also, cutting taxes on small businesses would give the big goliath companies more competition and would loosen their grip on industries.

I am all for building a middle class from the ground up, but you first need to have them have industrious values to create the motivation, and then create a structure for them to grow and be protected i.e. an LLC and then don't strangle them with regulation or taxes.

The biggest lie that corporations tell to Democrats is that all regulation is good. Certain regulation is good but overkill can just filter out smaller competition and keeps the power in the big companies. Democrats try really hard to help the poor but the end up just smothering them. Take the mortgage industry, the little companies are being dried up with all this centralization and government control.