Replies to post #24074 on RespireRx Pharmaceuticals Inc (RSPI)

[haysaw]

Not bad asuhowe, not bad.

[scstocks]

Hello Asu,

I have some family members I want to show your post to, but I will have to "gentalize" it some, as their heads may spin off if I read it verbatim! First I will have to stop looking in the mirror, but who wants to do that:-)

My wife and I have had a saying for years, "Well, we can always go work at Walmart." The great thing is, we both mean it as we have held jobs in our day that required the grind of daily routines for relatively low wages. Nothing demeaning about hard work. I remind myself that as a child I would sometimes eat dirt! (Explains a lot.)

Unfortunately a lot of what Bigworld was saying about weighing the benefits of starting a company here in the USA vs overseas, is very accurate, imo.

A company I was working for as far back as the mid 80's set up a manufacturing site in Ireland, and then Puerto Rico. At the time, I couldn't believe that it would be cheaper then just expanding our current site, but it was.

I can remember sitting in on some meetings where the prospect of increasing profits by setting up these sites in other countries were just too great to ignore. And all for the very reasons that both you, in your high wages remarks, and Bigworld, in his taxes remarks, cited. Plus, the city we were located in had an extra 5% city wage tax, on top of all the other taxes already out there, meaning we had to offer prospective talent more, just to come and work for us so their paychecks didn't take the extra 5% hit.

This all happened, from my limited perspective, toward the beginning of the manufacturing drain we have been experiencing every, or most, years since. It likely started before that, but I hadn't noticed as I was fairly young.

Anyway, the experience certainly cemented the fact to me, that taxes, as well as high wages, were powerful disincentives for some larger companies to setting up shop in the USA. Companies were, however, presented with a "new" currency risk, but most have managed the transition just fine.

I wonder what the odds are of companies like cortex might move, lock, stock, and barrel, overseas? I guess the brain research talent is still too great here, but there must be leaner, less regulated, very smart people overseas attempting to compete in a big way. South Korean's maybe?

Anyway, Take Care.

OT- Thanks to gfp and others as I am now much closer to finally being somewhat "hurricane prepared," and any other unforeseen, hopefully short term, disruption in fuel, food, and power. The diesel storage idea just made so much sense as we already have the truck, and once we have the diesel generator, the fuel can be used for both. Posting about the recent gas run here kind of put it in focus for us that we were underprepared, and because of where we live, we are kind of at the end of the list getting power back up. Lastly, I had no clue that one could fire rounds through a gun that the gun was not named for, as in a .357 firing a .38 special round. Never know what you might learn around here-) Thanks again.

[bigworld]

assuhowe:
Crazy and unfactual? Let's wait a few more years and we'll see whose reality is closer to the truth. I've been to Europe at least a dozen times. Many parts are beautiful. Their high tax + high benefit society might seem ideal to you. But you fail to see the economic and social sclerosis beneath the Disneyland facade. Unemployment chronically over 10%, an estimated 30% lower standard of living that Americans have enjoyed up until now, $8 a gallon gasoline, an incredibly low birth rate...I could go on. Their soft underbelly will show in the coming years. There is social unrest in Greece, Iceland, Latvia. Eastern Europe is next, and it in turn is in the process of bringing down Austria and Italy (for starters.) It will spread as people's "demands" exceed the capacity of the productive to provide. What we've seen here and around the world is just the tip of the iceberg. A social service net where 75% bear the burden for 25% is sustainable. The reverse is not. That's where we're going. Good luck with that. When 700 people line up to apply for one janitor job paying $15.00 an hour it isn't just a little recession anymore. You'll see. When you tax the hell out of something you get less of it. When you subsidize something you get more of it. Simple economics. They should be encouraging would-be entrepreneurs with lower capital gains taxes, lower income taxes and lower corporate taxes. Not lining them up like they are pinatas simply there to bash and collect goodies from. Mark my words. Capital flows to where is treated most kindly.
Asia will own the rest of this century. Beyond that is anyone's guess. But we've outspent our position in the scheme of planet earth. And all your beloved increased government spending only adds more dirt on top of the grave. These things take time. It took decades for Rome to fall. We're no different. Time will prove me to be right and you to be naive. There you go.