Offshoring. Learn About It. It's Bigger Than You Think It Is. - Speedzilla Motorcycle Message Forums
 
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post #1 of 5 (permalink) Old 08-16-2012, 04:28 AM Thread Starter
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Offshoring. Learn About It. It's Bigger Than You Think It Is.

"How big is the problem, and what is its nature?

Assets held offshore, beyond the reach of effective taxation, are equal to about a third of total global assets. Over half of all world trade passes through tax havens. Developing countries lose revenues far greater than annual aid flows. We estimate that the amount of funds held offshore by individuals is about $11.5 trillion with a resulting annual loss of tax revenue on the income from these assets of about 250 billion dollars."

http://www.taxjustice.net/cms/front_...atart=2&lang=1

Let the (propogandistic) counter attacks begin.

Ever wonder why there is so much national debt in the world?

Yeah, right. Let's put one of them in the White House.

This is more character flaw; from the guy who bullies wimps, drives with his dog on top of the car, chicken hawks his way through college, stiffs Italy for hundreds of millions and gets off on vulture capitalism. WTF drives this person?
Sorry, for some reason Mitt comes to mind.

Last edited by Gnhtsg; 08-16-2012 at 05:25 AM.
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post #2 of 5 (permalink) Old 08-16-2012, 05:05 AM
PSk
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Does America let Chinese and other countries companies purchase their farms?

Just curious as this is one side of globalisation that I'm not too keen on. Australia has a currently small percentage of farms that are owned by overseas interest and all produce from those farms go straight overseas. Personally that is not cool and if we are not careful we could end up where most farms produce for other countries and we have to purchase food only from overseas ... oops.

On top of that we should be making $'s from anything grown or raised in this country.
Pete

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post #3 of 5 (permalink) Old 08-16-2012, 05:19 AM Thread Starter
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Originally Posted by PSk View Post
Does America let Chinese and other countries companies purchase their farms?

Just curious as this is one side of globalisation that I'm not too keen on. Australia has a currently small percentage of farms that are owned by overseas interest and all produce from those farms go straight overseas. Personally that is not cool and if we are not careful we could end up where most farms produce for other countries and we have to purchase food only from overseas ... oops.

On top of that we should be making $'s from anything grown or raised in this country.
Pete
CANNABIS

As an asside (for everyone's entertainment):
Rome police bust cannabis farm in Mussolini-era metro | Reuters

You can't stop entreprenuerial spirit.
And an idle mind is the devils workshop.
1+1=2


On farms, yes, I think so. I know for sure that large tour groups of them come here to buy homes in our depressed market. They have cash. They have kids in school here. They buy homes...and more.
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post #4 of 5 (permalink) Old 08-16-2012, 01:31 PM
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Quote:
Originally Posted by PSk View Post
Does America let Chinese and other countries companies purchase their farms?
In the US if you have the money and are not Cuba or Iran you can buy almost anything.

I don't see the Chinese buying our farms though. Residential and commercial real estate yes, but not open land. Small farms are already on their way out, as large corporate farming operations squeeze them out due to economies of scale.

For a dairy farm, for example, you need a bare minimum of 1000 head as a small operation to make a profit. That represents millions of $$$ on the hoof. Farmers either start with family money or leverage themselves to the eyeballs and hope not to have a bad year before they have paid much of it back.

The drought in the midwestern US this year is terrible, many small farmers (produce, beef, chicken, dairy, pork) will go broke IMO. You can bet corporations will snatch up any land as it becomes available.




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post #5 of 5 (permalink) Old 08-17-2012, 12:15 PM
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