Chinese Tire maker triangle to build plant in North Carolina

Nipping this one in the bud.

CLOSED

I,m just a old country boy ,but things have been much better in the last 8months than the last eight years ,give the guy a chance .after all we could have had her.

Chris Bryant wrote:
The tax rate will benefit shareholders, not workers. Most CEOs have already said as much.

Shareholders invest money in a company and deserve a portion of the income from the company in return. The hundreds of people who will be employed in the company will invest their time and effort instead of their money, and they too deserve a portion of the companies earnings. It's no different, both groups make an investment, and both groups should get a return on that investment. The difference is that the workers earnings are guaranteed, the investors are at risk for losing money. Accepting that risk should have some reward.
Also the entire country gains in that a couple hundred folks have gained jobs and now started paying into the tax base instead of drawing from it.
All gain.

azdryheat wrote:
A Chinese bomb is still a Chinese bomb no matter where it's made. This new company will have to prove themselves different from the rest. Time will tell.

I sure hope the "deficient" doesn't go up, lol. This tax cut IS putting the genie back in the bottle. Many people forget that the past administration had zero economic growth and the deficit went up a trillion dollars every year for eight years. The DOW has gone up 5,000 points this past year and is expected to climb. Live is good, make some money, and enjoy the ride.

The past administration had zero economic growth? What a ridiculous statement. Check the numbers.

A tax cut won't stimulate anything except the deficit. The last 15 years have seen large structural deficits, the result of George Bush's tax cuts and unpaid for wars. Remember Clinton basically eliminated yearly deficits by raising taxes? And creating 23 million jobs?

The Dow was already rising, a trend that continues since the current administration has done nothing to change the economic fundamentals of the Obama years.

Chris Bryant wrote:
The tax rate will benefit shareholders, not workers. Most CEOs have already said as much.

Chris I have respected everything you have said up until now. FedEx came out after passage last night and said they are hiring more and revising their earnings forecast up!

A Chinese bomb is still a Chinese bomb no matter where it's made. This new company will have to prove themselves different from the rest. Time will tell.

I sure hope the "deficient" doesn't go up, lol. This tax cut IS putting the genie back in the bottle. Many people forget that the past administration had zero economic growth and the deficit went up a trillion dollars every year for eight years. The DOW has gone up 5,000 points this past year and is expected to climb. Live is good, make some money, and enjoy the ride.

A tax cut is a great way to stimulate the economy, but a massive one will overdo it. Inflation will go up, deficient will go up, and putting the Genie back in the bottle will be extremely hard. Life will take a tumble for most 7-8 years from now regardless of who is running the joint.

Guess the Chinese got tired of their tires being known as China Bombs. :B

Chris Bryant wrote:
The tax rate will benefit shareholders, not workers. Most CEOs have already said as much.

That's always true - like when sugar went thru the roof years ago - after it dropped, no price decrease in products. Once we pay a certain price, it only remains stable or increases again - at least as a general rule. Some very competitive products go up and down due to competition.

But main benefit to consumers will be the quality, and that's OK. If quality goes up, even if price shows no reduction, we all win.

If it costs XX to produce a product in China, and XXX to produce a product in USA, and USA reduces the tax, then it only means producing a product in USA equals the XX produce costs in China now. So the reality may still be shareholders don't gain, it's just an equal cost both here and China. So price remains same, we get better quality with USA manufacturing control AND USA jobs.

Helimech wrote:
and maybe they will be required to build better tires.

They already seem to be making pretty good tires, that’s why they have the market share they do.

I’m not sure why you’d think they’d make, let alone ‘be required’ to make better tires just because they’re made in the US?

Not sure how more jobs is not going to help workers. Something about supply and demand comes to mind.