William Thien

Archive for the ‘Outsourcing and Tax Breaks’ Category

I think Trump is well within his rights as President of The United States to impose sanctions on Chinese imports. Not only is he well within his legal rights, he is well within any social parameters that indicate acceptable behavior on the part of our leadership to act on behalf of the country.

The country’s economic relationship with China is a serious issue, one that previous administrations have refused to confront out of fear for their presidency and party or just plain ignorance of what the average citizen is dealing with.

The problem is not Trump’s sanctions, the problem is that greedy retailers and industrialists here in The US have completely deconstructed our own production complexes in favor of the larger margin products made in China. They have offshored.

In other words, if something costs five dollars to make here in The US and one dollar to make in China, most retailers seeking a larger profit margin will stock their shelves, as they have been doing now for at least a decade, with Chinese made products in order to make four dollars more in profit.

As more factories close here and more people lose their jobs to NAFTA and their jobs are replaced by products made as a result of Clinton giving China most favored nation trading status, many can no longer afford to buy “Made in America” any longer.

China manipulates its currency, uses unfair labor practices, and even has military personnel in many factories to insure production is met. We do not do that here in The US and we will likely never take those measures. China is still a communist country when all is said and done.

Trump is well within his rights to impose whatever regime of tariffs he believes will bring those jobs and profits back to The United States.

Check the label.

Copyright © William Thien 2019

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One of the disappointing aspects of the legalization of marijuana at the state level and not the federal level is that banks, credit unions, and other financial institutions are unable to accept funds from businesses that are involved in the sale and production of the marijuana that is grown and sold in states where marijuana is legal.

In other words, if you are in the business of growing or selling marijuana, you can only transact business in cash and you are not eligible to bank your proceeds or to obtain capital (loans) or any of the other services banks and other financial institutions provide.

But at the same time, the big three automakers and other American industrialists through the guise of NAFTA can have their cars manufactured and assembled in countries such as Canada or Mexico where marijuana is legal or has been decriminalized.

To me that demonstrates a complete disregard for the will of the people by our elected.

There’s more.

Not only do Americans lose those manufacturing jobs to corporations that utilize the labor of countries that have legalized marijuana, our own country enforces draconian laws upon our citizenry and makes it easier for them to lose those jobs to Canada and Mexico at the same time.

If that does not typify a form of political betrayal by our elected on the most grand scale upon the entire country, I don’t know what does.

It is time to legalize marijuana in America.

Copyright © William Thien 2019

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I believe I have a right to discuss this matter as it was my idea delivered to the Senate regarding the best reason for a bailout of the auto industry, something I lobbied for and have gained nothing from. I stated to the entire Senate through correspondence to include my Senator at the time, Senator Kohl (D-WI) that were America to become involved in another world war, America would need the industrial infrastructure of the big three automakers to ramp up production, something done during World War II to great effect. After Washington hemmed and hawed for days suddenly the bailout was approved. I have since applied for work at the big three and have heard nothing. I am justified in the following:

Some would have us think that the only inequalities in America regarding marijuana involve racial inequalities and I would agree that they are egregious. But there are many other inequalities you never hear about. Here are a few them with more to follow.

  1. The big three automakers can have their cars manufactured in Canada and Mexico where marijuana is legal or has been decriminalized and sell those cars here in America but marijuana is still illegal in America and the big three automakers will fight your right to use marijuana, too.
  2. Many in American industry are against legalization of marijuana because they believe it will effect production due to employees smoking marijuana while at work. But American industrialists have no problem utilizing parts and supplies made in Canada or Mexico where marijuana usage is legal and or decriminalized. Yet still the industrialist and the big three automakers will fight your right to use marijuana. NAFTA.
  3. The seat of America’s federal government resides in The District of Columbia where adult marijuana usage is legal but usage for regular Americans throughout the rest of the country is still not legal. Makes you wonder if that is why congress spends more time in Washington, now?
  4. American industry can have complete products or component parts made in countries where marijuana is legal and sell those products here in The United States and receive full favorable consideration regarding tax law from the federal government yet legitimate producers of medicinal and recreational marijuana where it is legal at the state level are subject to punitive tax laws at the federal level.

More to follow.

Copyright © William Thien 2019

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I recently received a note from one of my credit cards that said due to the massive security breach at Equifax I should do my taxes early in order to avoid having someone false file them.

As a result I have been paying closer attention than normal to the tax bill recently ratified by our elected. This tax plan calculator gives you a guesstimate of how the new tax plan will affect your taxes.

Trump Tax Plan Calculator: http://taxplancalculator.com/

One of the pros of this new tax plan is that corporations have had the taxation of profits lowered substantially. That is the meat of the tax plan if you ask me. And that’s a good thing. The previous rendition of the tax code drove profits offshore into secretive banking accounts and resulted in lost tax revenue and the offshoring of jobs. Makes you wonder who the F is running this country, Americans or foreigners? You know what they say? Follow the money.

So The Trump Administration gets some serious Kudos for that. Great job! Bring it back home, Donny! Way to go!

In my case, since I have no property or dependents to write off, the only benefit to my taxes was that my standard deduction was doubled and that resulted, supposedly, (guesstimate) in an annual savings of $577, not much when were I to put in several dependents and a piece of property on my filing, my refund would be pretty substantial.

Now that’s not to say it is not a good taxation scheme (all systems of taxation in The US appear to me to be some form of lobbied “scheme” and that’s exactly what they are). And the benefit many received in the form of mortgage interested deductions has been reduced. To me, that makes good fiscal sense. The fact that the dependent tax credit was increased substantially to me is fiscal folly. Most of those dependents use public services throughout their lives (50% of all babies birthed last year used Medicaid. 50%. And they got a tax break, too. Really!) and to give a tax break to those who use those services is like paying people to buy your products. Unless you are the government, you won’t be in business very long. But hey, how else are our elected going to get re-elected? Half of them can’t even form a complete sentence, so they have to give our money away. That’s all they know, and there isn’t anything you can do about it. Or is there?

So, it is still an extremely unfair tax code if you ask me, just less so than before. And for that, I have to give kudos to our elected which ratified the new “scheme.” The others, they can take a long walk off a short pier.

Let’s hope it is a start that gets the ball rolling in the right direction. Maybe there will be some momentum to improve taxation in The United Sates. Let’s hope they can bring our taxes down more and tax those that deserve to be taxed, tax those who use all the services for example, and provide some relief for those who use very few services instead of just the opposite, which is what it is now. WTF?!

Because though we don’t have a socialist government, it is through the tax code that massive wealth is redistributed in this country (so basically we have a socialist government) and that doesn’t seem to have changed much with this new taxation “scheme.”

There are some good things in this new scheme of taxation and some serious things that still need to be addressed, with fairness being the biggest issue to me that needs to be addressed.

So Kudos are in store.

But because it involves taxes, I have to say kudos…kudos so far, so good, so what.

Because at my age, when I look back at how much someone with some children and a house payment received in tax refunds over the years compared to what I have received when making the same salary but with no children or property, I could have bought a house for cash with what that money the other has received in refunds, yet they use all the government services in comparison.

Through the tax code the socialist US government has been giving them my income because they have children and a house payment and taxing me and people like myself in order to do that.

And you know what that is? That ain’t right, that’s what that is. Doesn’t matter which way you look at it. I’m just the first one to say anything about it and you can bet they are working overtime to shut me up, too. You can bet on it. Because that’s what communism does. That’s what collectivism is. It’s mob rule whether they are right or wrong.

Copyright © William Thien 2017

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Decades long (Greenspan to Yellen) monetary policy aimed at continually diminishing the strength of the currency for the regular population is in and of itself justification enough to respond.

I believe Washington has chosen monetary policy that forces the public to work longer hours for less income with the desire of increasing productivity at the expense of American working classes and their quality of life.

It has nothing to do with the general economy. The labor statistics coming out of Washington are false.  We’ve all known that for many years. The statistics don’t include the perpetually unemployed or the unaccounted for in industrially blighted urban areas. Therefor, the numbers are unreliable. So why the constant attempt to weaken the dollar?

Is it about selling more American made goods overseas? Somewhat, yes. But in my opinion it is more about squeezing the American working classes to get them to work harder for less, increasing the speed of the treadmill so to speak through weakening the dollar, thereby increasing productivity.

Again, if you weaken the dollar, if you systematically do so while steadily increasing inflation, a person needs to work harder and/or longer hours to get what they want or need or they must borrow more. A weaker dollar buys less and it buys less everywhere you use it even at home, not just overseas when you travel. The thing of it is, it’s not a function of the economy, it’s not happening on its own. It’s policy!

That’s what the FED has been up to starting with Greenspan, what the parties have been up to starting with Clinton, NAFTA and MFN for China, and the dollar.

You are getting squeezed by the FED/Washington establishment and the same people you elected. If money is speech as the Supreme Court determined, by weakening the dollar your voice is also being muffled. Directly.

The dollar isn’t too strong. Rather, Washington may be too powerful, too disingenuous.

I heard a debate on the radio this morning on the way to work. During the broadcast they were talking about a Constitutional Convention. Maybe it’s not such a bad idea.

I myself say, “What do you mean I don’t sound like a conservative? You are full of it. You can be a conservative and still be a working stiff! Conservatism isn’t just for the very wealthy. That’s something else altogether. That’s the monetary policy we have now.”

Copyright © William Thien 2017

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A debate should be had about claims of “Made in America” of globally sourced components. If a manufacturer can assemble something in The US that is made up of globally sourced components, should the manufacturer be allowed to put The American Flag on their product?

Many think not and I’m inclined to agree with them. Often all it takes is for one part of the “globally sourced” components to fail and then the product is useless.

It’s better to simply just buy foreign products from a county of your choosing in that case as you are not being misled in a sense by the big display of The American flag with the small print “of globally sourced components.”

If a manufacturer wants to put The American flag on their product that is assembled of globally sourced products, maybe they should be required to put all of the flags of the countries from where their product’s components originate and put those flags right next to the American flag since many people can no longer read.

Copyright © William Thien 2017

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Today while watching Face the Nation the point came up that the current administration’s deportation and immigration policies were resulting in the deportation of “good hombres,” and not just “bad hombres.”

The object of that discussion and others I’ve heard like it is in my opinion to change the subject from the original reason for the aggressive implementation of border policy in the first place.

Please see note following this observation. I’ve tried to come up with a solution to this problem of immigration from countries at close proximity to the United States for some time as other have as well.

Americans want stricter immigration policy not so much to get rid of the “bad hombres,” which is of course significant in and of itself, but to prevent the undermining of the American middle classes and working people.

It’s not just bad hombres that have undermined the working classes in America, it is immigrants of all types, good hombres too that are coming to America in huge numbers and willing to work for pennies on the dollar under the table while at the same time there has been no enforcement of immigration policy of any measure coming from previous administrations for decades. There has been little or no enforcement of immigration policy even though the tax payer has been paying for it to the tune of many billions of dollars a year.

The result has been lower wages for the American worker and fewer jobs. Large corporations have applied for H-1B visas to replace their American workers and those same corporations are giving their American employees severance packages predicated on the fact that the American workers have to train their foreign H-1B visa workers who replace them. In other words, if you don’t train your foreign replacements, you don’t get your severance package. AND CONGRESS HAS BEEN THE ENABLER ALL ALONG!

Immigrants are coming here and taking American jobs and huge US-based multi-national corporations have lobbied congress to be allowed to take American jobs south of the border through the implementation of NAFTA. It’s an untenable situation for the American worker.

The American working classes are at a point where if something isn’t done about it, the middle classes will finally collapse under debt load and the lack of opportunity that the influx of immigrants, illegal or otherwise, coupled with NAFTA creates. Everyone knows this. Congress knows this. The current administration knows this. And the voter who elected Trump is keenly aware.

I don’t know anyone that wanted things to turn out this way but let’s not change the subject. Everyone in the country knew this day would come. It’s not what side of the tracks you live on or where you live, it’s not what car you drive, it is simply about citizenship and the right to work in The United States and it’s a totally valid position to take.

From what I can tell what the voter is saying, what the American worker is saying is that America has come to the point where regardless of whether they are good hombres, bad hombres, or whatever kind of hombres they are, if they aren’t “American hombres,” they have to go and that’s all there is to it.

Copyright © William Thien 2017

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Note: See my writings in the past about forming The North American Union, not unlike The European Union, a possible solution to the problems we are facing today. With NAFTA in place we already have the economic framework. Of course the problem with that is like Germany and other more industrial European countries, The United States would probably find itself bailing out other countries such as Mexico and those further south. So, it probably wouldn’t work just as The EU seems to be fracturing but that doesn’t mean there might not be some possible solution or alternative.

 

 

 

 


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