If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
Have the people who support this lost their minds?
Consumers know reorganizations sometimes fail. Issues concerning future availability of parts, resale value, and whether anyone will be around to honor their warranties will be considered by them before making a purchase from an automaker in bankruptcy reorganization. Durable goods manufacturers cannot be operated successfully during bankruptcy reorganization. Taxpayer money cannot bail out Detroit. Only consumer money, spent on the purchase of Detroit's vehicles, can bail them out. It appears way too late for that. -- http://www.cafepress.com/logical_talk_3 http://www.cafepress.com/logical_talk_6 http://www.cafepress.com/logical_talk_8 |
Ads |
#2
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
On Sun, 23 Nov 2008 18:45:45 -0500, edward ohare
> wrote: >Have the people who support this lost their minds? > >Consumers know reorganizations sometimes fail. Issues concerning >future availability of parts, resale value, and whether anyone will be >around to honor their warranties will be considered by them before >making a purchase from an automaker in bankruptcy reorganization. > >Durable goods manufacturers cannot be operated successfully during >bankruptcy reorganization. > >Taxpayer money cannot bail out Detroit. Only consumer money, spent on >the purchase of Detroit's vehicles, can bail them out. It appears way >too late for that. No, its not. Here's how to sell Detroit Iron: 1) Repeal the income tax - ALL of it. 2) The huge overhead of cars made in the USA incurred from the income tax is removed, and "Detroit Iron" gets really cheap. 3) Replace the income tax with a consumption tax (don't whine about the poor - they'll get compensation for the basic necessities of life). 4) The prices of cars built in this country are taxed back up to where they used to be via the consumption tax. 5) People now have a whale of a lot more money by the amount of their income tax witholding. Some will buy a new car, and that will be more than there were before since they have all this extra money. 6) The cars _not_ built in this country, which were not experiencing the burden of paying US income tax, will not experience the lowering of their price. 7) The cars _not_ built in this country will then be taxed by the amount of the consumption tax. 8) The people that have decided to use their windfall $$$ from not paying income tax to buy a car are way more likely to buy Detroit Iron, since it's going to be waaaaay cheaper than the cars built other than in the USA. 6) |
#3
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
|
#5
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
On Mon, 24 Nov 2008 00:27:14 GMT, Dave Head > wrote:
>1) Repeal the income tax - ALL of it. Well, we just doubled the federal debt in the last 8 years with mere cuts in income taxes, so I suppose getting rid of income tax completely wil.... I know... it will produce more total tax revenue!!!! Ronald Reagan taken to the max! > >2) The huge overhead of cars made in the USA incurred from the income tax is >removed, and "Detroit Iron" gets really cheap. Uh... do you realize that Detroit is losing money and therefor isn't paying any income tax? >3) Replace the income tax with a consumption tax (don't whine about the poor - >they'll get compensation for the basic necessities of life). > >4) The prices of cars built in this country are taxed back up to where they >used to be via the consumption tax. This is cute. The government is broke and your solution is merely to the methods of collecting the same amount. >6) The cars _not_ built in this country, which were not experiencing the burden >of paying US income tax, will not experience the lowering of their price. > >7) The cars _not_ built in this country will then be taxed by the amount of the >consumption tax. Wow. There's going to be a heck of a tax on Chevrolets, Fords, and Dodges built in Canada and Mexico! And no tax at all on Hondas, Toyotas, Nissans, and Subarus built in the US. > >8) The people that have decided to use their windfall $$$ from not paying >income tax to buy a car are way more likely to buy Detroit Iron, since it's >going to be waaaaay cheaper than the cars built other than in the USA. > >6) |
#6
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
|
#7
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
On Sun, 23 Nov 2008 20:43:52 -0500, edward ohare
> wrote: >Wow. There's going to be a heck of a tax on Chevrolets, Fords, and >Dodges built in Canada and Mexico! And no tax at all on Hondas, >Toyotas, Nissans, and Subarus built in the US. Should be a great incentive for all those American companies that moved to Mexico and Canada to move their manufacturing right back here, eh? That's what we want... |
#8
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
On Mon, 24 Nov 2008 01:56:59 GMT, Dave Head > wrote:
>On Sun, 23 Nov 2008 20:43:52 -0500, edward ohare > wrote: > > >>Wow. There's going to be a heck of a tax on Chevrolets, Fords, and >>Dodges built in Canada and Mexico! And no tax at all on Hondas, >>Toyotas, Nissans, and Subarus built in the US. > >Should be a great incentive for all those American companies that moved to >Mexico and Canada to move their manufacturing right back here, eh? A vast number of our current problems - housing boom followed by bust, the truck boom followed by bust, high gas prices (again followed by a huge drop, which isn't a problem of itself as much as it is indicative of other problems) - have been caused by government distortion of the markets. And your solution is to distort the markets more. >That's what we want... Who is we? Consumers have already shown what they want is cheaper better cars, which are built either overseas or in the US by **efficient** US companies like Honda America, Toyota USA, etc. |
#9
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
On Sun, 23 Nov 2008 21:10:26 -0500, edward ohare
> wrote: >On Mon, 24 Nov 2008 01:56:59 GMT, Dave Head > wrote: > >>On Sun, 23 Nov 2008 20:43:52 -0500, edward ohare > wrote: >> >> >>>Wow. There's going to be a heck of a tax on Chevrolets, Fords, and >>>Dodges built in Canada and Mexico! And no tax at all on Hondas, >>>Toyotas, Nissans, and Subarus built in the US. >> >>Should be a great incentive for all those American companies that moved to >>Mexico and Canada to move their manufacturing right back here, eh? > > >A vast number of our current problems - housing boom followed by bust, >the truck boom followed by bust, high gas prices (again followed by a >huge drop, which isn't a problem of itself as much as it is indicative >of other problems) - have been caused by government distortion of the >markets. And your solution is to distort the markets more. More like correcting a mistake. The income tax is a mistake - always has been. > > >>That's what we want... > > >Who is we? Consumers have already shown what they want is cheaper >better cars, which are built either overseas or in the US by >**efficient** US companies like Honda America, Toyota USA, etc. |
#10
|
|||
|
|||
Bankruptcy and Reorganization for Detroit?
On 2008-11-23, edward ohare > wrote:
> Taxpayer money cannot bail out Detroit. Only consumer money, spent on > the purchase of Detroit's vehicles, can bail them out. It appears way > too late for that. After the government gave the bankers a trillion or more why shouldn't everyone line up for something? It's really how this country has worked for decades coming out in the open. If you want to be successful you have to use the government to your favor. Maybe it's only regulations that will cripple your competition. Maybe it's tax laws that force family businesses to sell out. There's all sorts of ways that companies get their success through government. It's just more out in the open now. |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
BANKRUPTCY ATTORNEY | PREMA | Ford Mustang | 0 | June 14th 08 05:43 PM |
CIRCUITCITY BANKRUPTCY | KALAIMANI | Technology | 0 | June 13th 08 06:27 PM |
BANKRUPTCY ATTORNEY | PRIYA | Technology | 0 | June 11th 08 04:40 PM |