US Coins with C Mint Mark (For China)

The Chinese would probably make them better than the US Mint.

 

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True, but there is a precedent for reusing a mint mark - from 1838-61 "D" was for Dahlonega, Georgia, and since 1906 "D" is for Denver, Colorado.

 

What the bloody heck are you talking about, "exported our economy"? Just because cheap consumer goods are made in China nowadays because Americans didn't want those jobs? Don't like it? Shop at at different stores.

"The economy" is a whole continuum, and LONG ago services became more valuable than the value of manufactured goods, WAY before China. To say we are weak and pitiful because cheap consumer goods aren't made here much anymore is sickening.

China is a powerful nation, it has been for all of human history save for short periods of decline. 1800-2000 was that short period of decline, but they are back. Good for them. The US is still 4 times the size of their economy, though, with 1/5th the population. I am proud of our nation, I grew up that way and still am. We still are a nation anyone with perseverence and ambition can make something of themselves.

Sorry, this US bashing and "the whole world is being made in China" crud just is getting on my nerves. Just because Microsoft, Google, and Apple are not physical goods manufacturers do not make them less important companies. We no longer are the world leaders in buggy whip production either.

 

Interesting question - who is?

 

There are definitive reasons why Germany has retained it's manufacturing base and defends it's as they do. Like China, they are an older and wiser society. Ultimately, if you look around and see how "our" natural resources and national treasures are being "exported" rather than saved for the prosperity of our future generations you'll begin to understand why a strong mfg base is both critical for a nations economy, as well as it's national security. As the mfg base goes, so does a nations economic health, and eventually so does it's military.... and then currency (with no military support)... and then let them eat cake. Good times for a few and my guess is they will be long removed from these shores before the cake is baked and the shtf.

 

American workers wanted those jobs. They performed them well and proudly. The CEOs wanted cheap labor with no benefits such as health care insurance, holidays, sick days, overtime and pensions. Jobs were sent overseas to protect and increase the profits of the shareholders and increase the salaries of the CEOs. Anyone blaming the American worker for jobs being outsourced has their head in the sand.

 

Anyone blaming anyone but the American CONSUMER has their head in the sand. It is the CONSUMER who demanded cheaper goods, and bought something made in China that was a nickel cheaper. To blame the retailers or manufacturers for this is preposterous. I grew up in an era where both made in the USA and made in China were both available, and guess what? The cheaper Made in China outsold the US made goods.

What were the corporations supposed to do? Lose money for their shareholders, or lose market share and go bankrupt if they kept manufacturing in the US. There is NO WAY a US manufacturer was going to stay in business manufacturing in the US, NONE. Either they started manufacturing the products in cheaper countries to keep their prices low, (as the US consumer was demanding), or simply sell higher priced goods and go bankrupt.

Either way, those US jobs were gone because of what the US Consumer DEMANDED. If you want to go on a rant on why they shouldn't, they should buy US, yada yada, go ahead, but the facts are the facts.

 

Have you tried to find a telephone booth lately?

 

This has NOTHING to do with CEO's. This has NOTHING to do with the US Consumer.. or worker for that matter.. or union for that matter.
This has EVERYTHING to do with US corporate tax structure and code.
US corporate tax structure and code is essentially set by your elected officials.
Your elected officials are essentially picked for you by Wall street and global bankers.
The geo shift in manufacturing to China was pre-planned global bankers decades ago and executed over time.
If you think the US consumer, or CEO, or anyone else had more than a nickels worth of coin in the game your badly and sadly uninformed in the manner in which the world goes 'round.

Do a side by side of Germany's corporate tax laws and the US tax laws and structure, specific to manufacturing companies.

Anyway,, I'm done on this topic.... but please don't blame the players or pawns.. the game is much higher, a waaay more dialed in than the wishy washy buying habits of consumers.

 

Interesting how most of the reasons given above for our economic decline are the same ol’ ones corporations love to espouse to point the finger and attempt to justify their record profits and executive salaries. It’s not taxes, as we boomed as a nation when taxes were the highest. Hmm, you think high taxes combined with high deductions for creating/expanding a business in the USA could have motivated investors to invest in the USA? It’s not consumer demand, as consumers demand what businesses tell them to demand and we have no love of cheap inferior products that harm our children and pets. Why don’t the corporations mention the fact that the elected officials they bought, allowed them to move offshore through unfair trade agreements, that left millions of Americans unemployed. I think Americans need a C mint mark to remind them that they allowed this to happen by voting for politicians that are in corporations’ pockets.

 

US coins are already made in China.

 

Your not too far off stateguy, just still not seeing it at that highest levels. Rather, you are seeing it at a level exactly where you are suppose to see it... at a level at which you've been engineered and taught to see it at. Keep digging.
High taxes are fine when all competors are exposed to them equally, as was the case when China had tighter trade restrictions.
It was at this point that the same politicians in charge during those good years laid the ground work for the transition to where we are now,, and did so quite knowingly of the outcome.
Something to keep in mind.. global bankers own "at least" 10% of every single fortune 500 company in the US,, so understand that most CEO's are beholden in some manner to them, as they should be,, they work for them in most cases. Ethically, they have the high ground to the other side of the coin, the politicians. Those guys are suppose to working for us, right ? .......
Wrong... and if you say they work for the corporations, then you are still wrong.. keep going up the money ladder baby.

 

True, there are a few that own the corporations, so when I say the corporations, that’s who I mean. Few pay the high tax rates when combined with high deductions for growing the economy, so the rate means little unless you look at the effective rate after deductions. Now, a huge mistake is to lower the rates and get rid of the deductions, so there’s no added motivation to make the investment. Now, I don’t like the word protectionism, but it is necessary to some degree to keep your economy healthy in a global market and all other countries practice it too. And, I mean protecting the people, not ever growing corporate profits. If the corporations want to leave, let them go, but treat them like any other foreign company that wants access to the US market. In other words, make it unprofitable for them to leave. The consumer may pay a litle more for better quality goods made in the US, but we'll all have good paying jobs, so we'll all prosper, including the corporations. You have to force them to share the profit or you'll get what we got today - a C mint mark on the horizon.

 

Well said, I agree fully.
btw,, they would NOT go. The last thing any corporation in the world would want to see is a vaccume left in their absence, in the biggest market in the world, in which "new" upstart companies could fill.. even at a lower net profit. I've already said this, but the best example out there is Germany. They have maintained a "superior" manufacturing base, R&D, analytical engine, schools, highly paid labor force, and benefits to boot... How ?.... tax structure, and politicians who work for the people. Why do the politicians work for the people ?,, well, look what happened to the last ones that didn't... We are one of the few nations in the world which has no history of cleaning political house so to speak. The more mature countries have seen it, and those in the political class are KEENLY aware of what can happen, very fast, if they don't take care of their own. Something our politicans haven't learned.... but hey, they are building more FEMA camps, buying more bullets,,, etc.... Maybe a good time to collect NZ coins afterall ; )

 

Tax your way to prosperity huh? Ok, you be the one to tell the single mother of three she can only afford to buy clothes for 2 of her 3 children.

Protectionism is what caused the great depression, but I guess we never learn.

Listen, I DO agree China is playing an unfair game, and I DO think they deserve to have tariffs imposed on imports from there. However, I am not a protectionist. I simply believe their currency manipulation and piracy of all copyrights, along with denial of business opportunities to US businesses, deserve a high tariff on imports of goods into the US. Do I think WHY they are not in place is affected by lobbying? Absolutely. Fight that fight and I am 100% behind you.

However, to blame US corporations, which are unique in the world having to pay income on ALL income they make worldwide, versus just US income, is so shortsighted as to be silly. US corporations have a completely unlevel playing field already due to tax policy, and your suggestions will simply force US corporations to abandon the US altogether.

 

Exactly! We’ve allowed the corporations to hold us hostage by threatening to leave or actually leaving and retaining the benefits of a US Corp. We have to take the same approach they take with their employees – everyone is expendable, you can be easily replaced if you don’t want to play by the rules.

 

Protectionism caused the depression? That’s a new one on me – I thought it was all the phony paper on Wall St., much like what added to the 2008 collapse.

Either the mother of 3 or her husband will have a better paying job to pay for better clothes for all three kids.

Hey, if the corps want to leave, another will take their place. But they won't because they do not actually pay the high rates - after deductions (for creating jobs in China), they pay very little (often zero) and they want to retain access to the US market. Yes worldwide income is taxed, but they get a tax credit for foreign taxes paid, so there is no double taxation.

 

1. I think you should read more history. Most historians agree that it was US protectionist measures that caused it.

2. I think for you to dictate the life someone else should lead due to your goals is a little selfish. Right now her job can afford for her to buy for 3 kids, but YOU wish her to have less in effect.

3. Have you ever studied corporate tax rates? Have you ever analyzed them versus worldwide tax levels? I have, and will tell you most "tax breaks" are not "breaks" at all, but stopgap measures meant to not PENALIZE our corporations so much. There is no tax credit for creating jobs overseas, that is union BS that I dare you to prove. There ARE tax breaks for manufacturing in the US, lots of them.

Yes, there is a major problem of a "race to the bottom" between states competing for plants. I agree those should go away, and a state should not be allowed to offer special incentives to certain companies. We can agree there, but to say US corporations are undertaxed is to simply not be aware of worldwide taxing systems.

 

1. Not the historians I read.

2. She's hurting right now due to the last 30 years' tax policies, as well as the numerous other examples of the rich grabbing more.

3. I'm a retired accountant. US corp tax rates mean nothing, as they actually pay nothing or little after deductions. Yes, they do get a deduction for building a plant, paying wages, and other expenses for operating in China.

The race to the bottom is due to corporations holding their employees hostage to Chinese labor rates and their paid for politicians allowing them to get away with it.

 

The US owns the finest mints in the world. In the past many other countries have actually contracted the US to mint their coins. Now that we already have the equipment and most of it is automated there would be no savings by using over seas cheap labor.

Also giving other countries the minting powers over US coins (or printing of currency) would be tantamount to giving them a blank check especially if ever there was to be a war.

As it is it is already suspected that North Korea bought a set of intaglio presses to print counterfeit "super notes" that look so real it can fool all but the highest levels of the banking system. Since a few microscopic differences in the notes can be detected they were caught. However, if they have already or in the future fix such flaws they could remain undetectable. They could then be circulated around and then purchased by the fed for genuine currency.

This would be the fall of the US economy if we were to allow foreign governments to produce any of our money.