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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: k.ramesh who wrote (455605)	9/9/2003 5:29:29 PM
From: Lizzie Tudor	Respond to of 769670

I am not against offshoring, you may not have gotten that from this string of posts. I am against visas if they are used by companies as a way to avoid taxes and destroy markets. But the main point is that 1) In the US, individuals pay 80-90% of taxes, and 2) without a major restructuring, any significant dent in the labor force will result in significant shortfalls to the tax rolls. We have already seen this I believe, when Snow bumped the deficit from 300 billion to 450 billion a few months ago. The real culprit there was the unexpectedly low revenues, not increased spending. Although spending is totally out of line with this administration also. So while the romantic notion of capital free flowing to least cost provider, free markets and prosperity for all, etc. is a nice ideal on the blackboard, the reality is that the US is not set up to "allow" capital, in the form of jobs, to freely flow out of the country like it has without severe consequences to the nation as a whole. We just can't handle it. We are not prepared for it, we don't know what the consequences are, and we have no fallback position. Most other nations do not allow labor imports to the degree that the US does. There is a reason for this, they probably came across the same issues and realized they had no answer once. Well we don't have any answers either and until we do we should take the same route as Germany or France.