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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (17082)	2/10/2004 3:04:45 PM
From: gpowell	Read Replies (2) \| Respond to of 306849

But, if you have years of overtaxation of labor such that labor is carrying a huge % of the tax burden Labor share of national income, calculated after taxes, has been consistently around 75% for over 40 years. free trade following the "lowest cost provider" has dire consequences Absent of constraints, capital flows to the most efficient in terms of ROI. Not, as you state, to the lowest cost. Thus, Free trade can have positive or negative consequences for particular individuals, but unambiguously a net gain to those who engage in trade. If this mess were level, we would get a balanced budget from the increased profits coming in to the offshoring corps Why? Spending can always increase faster than income, as California has shown. I am still waiting for you to present a coherent case for a lower capital efficiency producing a net gain to the US.