October 18, 2021

In the recent process of globalization

U.S. Eastern time on Thursday night, the U.S. House of Representatives passed a comprehensive Barack Obama and Republican tax cut plan to achieve. This program not only includes the income of the rich Group, including full extension of tax cuts and capital gains, while the real estate tax from 45% to 35%, and given a value of 500 million pre-tax exemption amount. Although this compromise security benefits for the unemployed in 2011 received an extension, but the overall tax structure has revealed that more than just an economic stimulus package. 

This program and the original only to the majority of Democrats and low-income families in the middle class tax cut stimulus plan, compared to an increase of U.S. medium-term fiscal deficit and debt 14 trillion size of the financial liabilities of the United States than all of the current risk level EU countries.Economists agree there is no group of wealthy income and property tax cuts, tax cuts to encourage capital to expand its consumption. 
Deeper and comprehensive tax cut heavy financial debt, but also hampered the U.S. government expenditure through active expansion of economic structural adjustment and human resources capacity. Tax cuts stimulate the economy in the short term to achieve any depth the role that can last long, there is great uncertainty, and this adds to a comprehensive tax-cut plan, rather than a targeted restructuring of economic incentives gambling. In view of the past ten years, the U.S. labor income share of the national GDP fell sharply in the brutal facts, and the current unemployment, negative equity situation and the serious division between rich and poor, may also guide the expansion of the middle class more savings to meet future work, income and life of uncertainty, resulting in tax money can not enter the consumption and production.
The working class in the economic situation is very bad crisis is the deeper reason. In the past decade the United States the share of labor income in GDP, have fallen sharply, but due to over-loose monetary policy and loose consumer credit environment in serious debt for many temporary workers are not aware of the sharp drop in their income, and delayed the contradictions of the income distribution impact on the national economy's exposure.In the past ten years, the depth of the expanding globalization of capital, labor income accounted for a substantial decline in the U.S. behind the WTO, IMF and other institutions on behalf of the neo-liberal globalization, freedom of capital and labor freedom severely unequal results. In the world, international organizations, the ILO over the past 20 years, the weakness and decline of the world can be said that this right does not balance the depth of the most direct expression of globalization. 
In the recent process of globalization, the maintenance of the basic rights of workers actually been a great challenge. While behind the neo-liberal globalization, the United States for many years to promote the national forces, but this labor conflict with the rights and if the IMF can not be in the WTO and trade liberalization agreements of capital to get resolved, the U.S. economy and national power continued weakness will be irreversible. Because capital gains and power to transcend national to obtain and maintain, but a nation-state's economic strength and national strength, still rely China cryo freezer boxes on land within the sovereignty and strength of the economic gains to measure.

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