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Frank Preve
Joined: Jul 14, 2003
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The Cure to Unemployment
January 13, 2004 - 01:05 AM
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What we nee to do to cure unemployment is to both cut taxes and deregulate our economies. The American economy has lost an immeasurable ammount of productivity and jobs because we have the second highest corporate taxrate in the world at 35% (plus state taxes which are on average 5%). As for the question of whether or not technology has resulted in a loss of jobs, the answer is no. Technology creates jobs because it lowers the cost of productivity in one area which opens up room for labor to be even more productive in another area.
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Simon Moss
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Re: The Cure to Unemployment
January 13, 2004 - 07:05 AM
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Hmm, although that all makes macroeconomic sense, I somehow doubt it will work.
Let's look at some the points indivually:
What we nee to do to cure unemployment is to both cut taxes and deregulate our economies.
cutting taxes would stimulate the economy, yes, and it would also undermine the role of the state as a mechanism to regualte and smooth the business cycle. In many ways, tax cuts would fuel unemployment, as the millions employed by the government lost their jobs. Many of these areas wouldn't be covered nearly as extensively by the private sector (defense, social security, health, education).
Deregulation, in the case of America, is something that personally, I would support. But, try saying that to the millions employed in inefficient industries that would move offshore were it not for tariff, quota and other forms of economic protection.
The American economy has lost an immeasurable ammount of productivity and jobs because we have the second highest corporate taxrate in the world at 35% (plus state taxes which are on average 5%).
Correct me if I'm wrong, but doesn't tax detract from efficiency rather than productivity? The US already runs a massive fiscal and current account deficit, to cut taxes much further would see the country ploughed further into debt, devaluing the currency even more.
As for the question of whether or not technology has resulted in a loss of jobs, the answer is no. Technology creates jobs because it lowers the cost of productivity in one area which opens up room for labor to be even more productive in another area.
It's a great theory, but the problem is the allocation of jobs. Who do these new jobs go to? Where do they go? From technological change, you end up with major entrenched patterns of unemployment in communities that have been rendered useless by technological change. These then tend to breed social problems like violence and substance abuse. So, technology can be great - but we need to be mindful of how we can ensure those who left in the wake are looked after and adequately reskilled.
Peace
Mossy
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Cicero
Joined: Feb 1, 2004
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Re: The Cure to Unemployment
February 6, 2004 - 05:34 AM
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To solve problems of unemployment and poverty we should never solve them by tackling rich people. Especially if they become rich, using their skills to get rich. No! we should thru leadership find new buisness oportunities and good, ongoing contracts to able to employ more people, keeping them busy working and paying them.
This way we keep core of the every nation (people) stable and healthy.
Ave Futuria
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