American Economics Thread

[Miragedriver]

I don't know about the post if sounds anti-Chinese? But I think this policy would be huge! And let's not try to target Chinese, why not make it accessible to any country all over the world? I am sure there are hundreds or thousands of rich European, ME, Russian, Asian, etc. citizens who would definitely pay a large amount to move out of their countries to America, where political corruption, radical religions, civil war etc. happens. Maybe tax a portion of these green card investments and use the money to close the southern border to Mexico for illegal border jumpers and terrorist entering the country .

Didn’t Canada do something like this in 2000 with wealthy Hong Kong people? Many went to Vancouver.

 

[tphuang]

Why would the US want to give permanent residence rights to people when they are already taxed?
Whether it be real estate or stocks if/when they gain capital gain within the US they will be tax no matter which Citizenship they are.

There is a type of immigration called EB5 which allows foreign nationals to invest in American business to create job in exchange for green card status. This type of immigration exists in many countries around the world.

The money these chinese immigrants ($5 million each, 1 million of them = $5 trillion USD) bring to america, will rocket the economy, and bring jobs (these are mostly entrepreneur, they do what they do best - create wealth) to the economy as they open up shops, factories, create products and services in america.

There are not that many $5 million migrants available in China. At a certain point, China will prevent high net worth individuals from exiting the country. There is strict capital controls in China that only the really rich and connected can get around.

Please stop suggesting these ludicrous ideas that have no basis in reality.

 

[delft]

Good news here in America, unemployment rate are down in 21 states. Love him or hate him, you gotta admit President Obama is doing something right domestically as far as the economy goes.

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There is the old say - there's lie, damn lies and statistics. I have it seen reported that if unemployment statistics were calculated as in a typical European country it would come out between 15 and 20 %. That would accord well with a statistic I saw ( where? WaPo? ) that the percentage of Americans in work hit a peak of about 85 % in the last century and is now below 70 %.

 

[Bernard]

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[B.I.B.]

While I don't understand.economics,I always felt the US.could dig itself out of any hole. Now I'm not so sure.

 

[Equation]

History again suggests the divergence will not last: The last two times U.S. export activity dropped to this extent, the global economy, including the U.S., was tipping into recession.

All of this is made all the more strange by the fact the slowdown is happening despite global central banks remaining in a full emergency stance — which is where they've more or less been since 2008. The Federal Reserve has made much of its intention to raise interest rates this year based on the situation in the labor market and an anticipated bounce in inflation (driven by rents and wages). But the Fed over the last eight years has also used higher stock prices as a tool to boost the economy via increased household wealth and purchasing power. Tightening now would magnify the drag on U.S. corporate profits (by increasing the cost of U.S. denominated debts,

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) and the commodities crunch (via currency effects).

Yet not lifting rates now would undermine the Fed’s credibility and leave policymakers without ammunition should a global recession ensue. As Sept. 17 approaches, Janet Yellen and her colleagues face a dreadful decision: The devil or the deep blue sea.

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[delft]

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Keeping the interest rate at near zero means robbing the pension funds and people with some money on the bank in order to subsidize the banks. That's no way to stimulate an economy.

 

[Blackstone]

While I don't understand.economics,I always felt the US.could dig itself out of any hole. Now I'm not so sure.

IMHO, America's biggest economic problem is what Abraham Lincoln once called "too many pigs for the tits," meaning too few people working and too many on the dole. The country used to glorify working people, but now it glorifies the takers and social agitators. The world is upside down.

 

[PanAsian]

IMHO, America's biggest economic problem is what Abraham Lincoln once called "too many pigs for the tits," meaning too few people working and too many on the dole. The country used to glorify working people, but now it glorifies the takers and social agitators. The world is upside down.

Also "too big pigs for the tits" with big businesses, top management, and large investors who made bad business decisions getting handouts to not only cover their deserved losses but also maintain their relative wealth by spreading the losses to/shifting value away from the public (via policies like quantitative easing) and other healthy companies (via forced mergers/takeovers). The world is indeed upside down when the rich and powerful get to misbehave and fail without accountability while their wealth and power are only maintained by the hands cheated and abused to feed them.

 

[Blackstone]

Also "too big pigs for the tits" with big businesses, top management, and large investors who made bad business decisions getting handouts to not only cover their deserved losses but also maintain their relative wealth by spreading the losses to/shifting value away from the public (via policies like quantitative easing) and other healthy companies (via forced mergers/takeovers). The world is indeed upside down when the rich and powerful get to misbehave and fail without accountability while their wealth and power are only maintained by the hands cheated and abused to feed them.

It's a real problem when a market-economy like the US privatize profits where labor unions and big business reap the rewards, but socialize its debts with "too big to fail." That scheme guarantees corruption of the worst kind (rent-seeking elites), with the tax payers and 'little guys' picking up the tab.