[Milsurplus] Yalta Conference

[Peter Gottlieb]

  Not to get completely, totally, and irretrievably OT, but I am curious 
how the tax codes in other countries treat this, and whether there is a 
correspondence to the short-vs-long term thinking in the businesses 
based in those countries.

...P


On 11/6/2010 11:50 PM, J. Forster wrote:
> Peter,
>
> We basically agree but the trend to short term thinking was driven by the
> tax code screwing. Long term CGs used to be a Tax Preference item. Years
> ago (20-30) companies thought much longer term than now.
>
> Also, selling out seed corn (like technology and factories) has made
> things worse.
>
> Anyway, they're both very destructive of the US industrial base.
>
> -John
>
> ============
>
>
>>    Not to diminish it's importance but I believe the lack of inflation
>> indexing in the tax code is not nearly as important as the short term
>> thinking of the investment community.  It is not just the Wall Street
>> guys either, it is every investor who is in it for the short term play.
>> It used to be, go invest in blue chip issues and gain over time, but now
>> look at the millisecond timed trading.
>>
>> How about investing in new plant to build business over time?  I am in a
>> company right now which did that and took a bath with their stock price
>> with all sorts of analysts complaining about how much money was being
>> spent.  It's like the expectation is that just by existing a company
>> will make them money.
>>
>> The Japanese (and now more and more the Chinese) are looking out decades
>> into the future and planning.  We are stuck arguing about quarterly
>> numbers.  Who do you think will be better off in 20, 30, 40 years?
>>
>>
>> On 11/6/2010 10:12 PM, J. Forster wrote:
>>> I basically agree, but it's at least partly driven by Wall Street
>>> vultures
>>> and the tax code.
>>>
>>> The tax code favors short term thinking because Capital Gains basis is
>>> not
>>> indexed for inflation. This discourages long term thinking.
>>>
>>> Given this, Wall Street prefers the quick buck... waiting 5 years or
>>> more
>>> is not an option. They are barely willing to wait 'till the next
>>> quarter.
>>> I've watched small companies fill their loading docks with empty chassis
>>> just to show quarter over quarter growth.
>>>
>>> How long did Sony work on VCRs before they made it big? 10 years? 20? It
>>> does not happen in the US.
>>>
>>> FWIW,
>>>
>>> -John
>>>
>>> =================
>>>
>>>
>>>
>>>> I'm probably one of the toughest domestic hard cases there is, only own
>>>> domestic vehicles more than 20 years old, ham rigs from Collins,
>>>> VHF-FM
>>>> domestic surplus with GLB synthesizers, you get the drift.  But, it
>>>> goes
>>>> back to things like this.  Back in the 50s, Philco stubbed their toe on
>>>> their "Apple" color picture tube, wonderful idea, never were able to
>>>> manufacture it.  Sony spent the development money and produced their
>>>> Trinitron, same principles.  No domestic equivalent ever was made.  And
>>>> it
>>>> went on like that.  Domestic manufacturers were so focused on the
>>>> quarterly bottom line, that they lost the ability to compete with
>>>> constantly improving foreign products.  First Japan, then Korea, now
>>>> China.  Cheap labor and cheap money always wins.
>>>>
>>>> YMMV,
>>>> George
>>>> W5VPQ
>>>>
>>>> ---------- Original Message ----------
>>>> From: sdaitch at kuw.ibb.gov
>>>> To: jfor at quik.com
>>>> Cc: armyradios at yahoogroups.com, milsurplus at mailman.qth.net
>>>> Subject: Re: [Milsurplus] Yalta Conference
>>>> Date: Sat, 06 Nov 2010 22:29:23 +0300
>>>>
>>>> I'd bet the $10 million per day is probably a
>>>> far more realistic cost estimate, but that is
>>>> 5% of the originally touted number.
>>>>
>>>> I suppose we could all stop buying anything
>>>> made in China, or Japan, or perhaps in the
>>>> upcoming years, anything made in India, but
>>>> we won't, will we?  No matter what laws,
>>>> agreements and trade treaties we have, no
>>>> manufacturer is forced to move manufacturing
>>>> operations off-shore.  Having the ability to
>>>> do so is not the same as being forced to do
>>>> so.
>>>>
>>>> 73
>>>> SHeldon
>>>>
>>>> ____________________________________________________________
>>>> Globe Life Insurance
>>>> $1* Buys $50,000 Life Insurance. Adults or Children. No Medical Exam.
>>>> http://thirdpartyoffers.juno.com/TGL3131/4cd608b9cd6b9173b27st01duc
>>>>
>>>>
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