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Old 08-10-2011, 11:46 AM   #22 (permalink)
jeffb
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Ultimately, leave the tax rate for the rich at 18% (all time low btw), maybe raise it to say 20%. But get rid of all the loopholes, tax havens and tax shelters that allow the richest people to avoid paying taxes.


In 1995 the taxe rate was just under 30%, and now they actually pay around 17% (if at all) and is that creating jobs? The last decade in the US when it comes to overall growth has been extremely stagnant since all the tax cuts for the rich.


Quote:
Illegal aliens leaving U.S., returning to Mexico for better life?

In case you needed it, here's yet another sign of just how bad the economy is:


Illegal aliens are leaving the United States and returning to Mexico in search of a better life.

You heard that right. One Mexican official tells the Sacramento Bee that Mexico has "become a middle class country" where it's now easier to buy homes on credit, get higher education and find a job."

Not so here in the U.S. where the employment picture remains grim. Just today came announcements from Cisco and Goldman Sachs that they're cutting thousands of jobs.

Plus - a report from payroll processor ADP shows that although the private sector added jobs in July, growth is below what's needed for a steady recovery.

Meanwhile - As we wait for the monthly jobs report Friday, consider this: Mexico's unemployment rate is 4.9%... compared to 9.2% in the U.S. You do the math.

It's estimated that about 300,000 illegal aliens have left California alone since 2008.

Experts say the weaker U.S. economy along with rising deportations and tougher border enforcement means fewer illegal aliens. But - there have also been significant improvements in Mexico's society.

Its economy is growing at 4-5% and, according to the UN, Mexico's average standard of living - which includes things like health, education and per capita income - is higher than in Russia, China and India.

Turns out Mexicans might just have better luck of achieving the American Dream south of the border.

http://caffertyfile.blogs.cnn.com/20...r-better-life/

Last edited by jeffb; 08-10-2011 at 12:00 PM.
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