Reply to PAUL KRUGMAN DEFINES THE ECONOMIC CHOICES STIMULUS vs AUSTARITY DEM. VS REP.

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[quote=Anonymous][quote=Anonymous]To ". OK, I'll bite.....

Question-  How would you propose to incentivize NatGas, assuming the environmental effects are acceptable, unpaid for tax cuts naturally, when none are necessary.  The last thing the energy sector, which is thriving, requires is additional tax cuts.  
Counterpoint - with robotics, assuming availability of highly skilled labor and investment incentives, Apple could assemble at competitive unit costs vs Foxconn in China.  Incentives would produce few jobs, 500 highly skilled engineers vs 15k hand assemblers in China. The trained skilled labor is not available here, capital costs would be astronomical vs # number of jobs created.  Investment tax credits worth it?[/quote]

Bite here

As far as I've read, gas industry isn't looking for tax help.  In fact while it's a great headline to demonize the oil/gas biz, last I looked the total tax breaks to the industry were all of abt 4 billion w much of it taking advantage of incentives offered to all companies.  Sure, watch the environmental challenges of a new industry (btw--environmental damage of all those electronics we toss out?  water bottles in landfills?.)  Just let 'em do their thing and see the great effects on US economy.

Re: Apple mfg, I suspect we're already seeing resurgence in US manufacturing as China labor costs increase and they have their own demographic challenges.  I think this will take care of itself.  Google "law of comparative advantage."
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