Guest
03-13-2010, 03:24 PM
I love my country, and I have for a very long time. Unfortunately, the country that finally got it's act together with "The Great Compromise" (the idea of having a Senate *and* a House) has descended into foot-dragging intransigency. As anothe poster put it, a "my way or the highway" attitude.
It got me to thinking of the arguments we have here. When I heard that Rush Limbaugh, a man I used to respect, would leave the country if the current health care bill was passed (maybe he would pass Susan Sarandon and Barbara Streisand at the airport), I wondered - where would he go?
Anywhere in the industrialized world, they're going to have the things he hates - socialized medicine, cradle-to-grave social services, high taxes (though, upon closer inspection, perhaps not as many) and "soak the rich" attitudes.
A lot of people complain about us becoming like Europe. And that's when it hit me. There are a lot of things about Europe that don't get covered. I used to work in the financial industry - programming systems that managed and reported on mutual funds to be precise.
I *think* it was President Reagan who said that currency is like shares of stock in a country. Think about that for a moment. It's a decent barometer of what currency's relative worth is when you look at the foreign exhange markets.
Keep in mind all of the negative comments towards Europe.
These days, the Euro is the currency for most of Europe - Switzerland excepted. Although the first day that you could walk into a bank and walk out with physical Euro notes was 1/1/2002, it came into creation electronically on 1/1/1999 - meaning you could have accounts in Euros, trade in Euros, etc. All the European currencies had their exchange rates locked in permanently. The original members used the 12/31/1998 rates, newer members according to treaty.
That first day of 2002, a U.S. Dollar would buy 1.12 Euros. Today, that same dollar will only buy 73 Euro cents.
We keep talking about how business follows the money. If we were so great all this time, why did London supplant New York as the financial capital of the world? We keep talking about how terrible it would be to become 'like Europe'.
Would it be so bad?
I've had reason to think about this because of my daughter spending a semester in England and travelling around Europe. My other daughter has been to Australia, New Zealand, Fiji and Japan in addition to England and France. So far, the only foreign country I've been to since 1970 has been Canada but my honeymoon in September is changing that.
I'm one who loves to put things in perspective. What, precisely, would we lose in 'becoming more European'?
Am I insane in thinking that if we rationalized out tax system so that we paid fewer NUMBERS of taxes, we might be able to come to a more fair assessment of how to pay for our government and services? I mean, in other countries, there are fewer places assessing you, although the individual rates are higher.
I pay Federal, State (even though I live in NH, I work in MA), property, vehicles, gas, excise taxes, sales (when not in NH), meals, hotel room, car rental taxes, etc, etc, etc... In the past I've paid capital gains taxes, transfer taxes, disposal taxes - and more than I can remember.
I'm told we have so many taxes so that we can hike taxes on 'the other guy' without the torch and pitchfork crowd coming out. The politicians can play "divide and conquer" on us.
We complain about our jobs going overseas to cheap labor, and have illegal immigrants coming here to do the jobs we deem 'beneath us' for wages we wouldn't work for anyway - and complain about it.
But I've been reading that the economic crash didn't hurt Europe as bad as us and their manufacturing is recovering sooner than ours.
Oh I grant you - there's some serious Euro-Silly out there - like the arguments on what constitutes a proper "bannana" in various treaties. Maybe they have an idea in that all the worthless politicians are sent off to Brussels to work on stuff that doesn't matter - but they (the politicians) THINK it matters so it gets them out of everyone's hair. (Extra points to anyone who recognizes how very "Douglas Adams" that is)
I tell you - there are services I'd *LIKE* to have here. I mean, people complain about the price of gas/petrol in Europe. But they don't have to drive nearly as much as we do. I mean, I would LOVE to be able to take a train to work. Do you know how much longer my car would last? I mean, it would probably work out cheaper to pay $6 for a gallon of gas when I'm only using my car for recreation or shopping, if I didn't have to replace my car as often because of all the miles put on it commuting.
Hmm.. $6/gal versus going extra years not having to pay $25K-$40K for a new car. But we would scream a LOT about $6/gal - rightly so since we, at the moment, don't have a lot of choices. I wonder if the hybrid owners have to replace their brakes as often? They have regenerative braking that uses the physical brakes less by running back into the generator to put power back into the battery. I wonder if the Chevy Volt, which will have a tiny engine only used to recharge the battery, will have less maintenance because the engine is used less - in some cases not at all because you can plug it in at night.
Yeah, I know I'm all over the map with this.
I guess I'm just wondering about the LONG term thinking here instead of the visceral reaction.
It got me to thinking of the arguments we have here. When I heard that Rush Limbaugh, a man I used to respect, would leave the country if the current health care bill was passed (maybe he would pass Susan Sarandon and Barbara Streisand at the airport), I wondered - where would he go?
Anywhere in the industrialized world, they're going to have the things he hates - socialized medicine, cradle-to-grave social services, high taxes (though, upon closer inspection, perhaps not as many) and "soak the rich" attitudes.
A lot of people complain about us becoming like Europe. And that's when it hit me. There are a lot of things about Europe that don't get covered. I used to work in the financial industry - programming systems that managed and reported on mutual funds to be precise.
I *think* it was President Reagan who said that currency is like shares of stock in a country. Think about that for a moment. It's a decent barometer of what currency's relative worth is when you look at the foreign exhange markets.
Keep in mind all of the negative comments towards Europe.
These days, the Euro is the currency for most of Europe - Switzerland excepted. Although the first day that you could walk into a bank and walk out with physical Euro notes was 1/1/2002, it came into creation electronically on 1/1/1999 - meaning you could have accounts in Euros, trade in Euros, etc. All the European currencies had their exchange rates locked in permanently. The original members used the 12/31/1998 rates, newer members according to treaty.
That first day of 2002, a U.S. Dollar would buy 1.12 Euros. Today, that same dollar will only buy 73 Euro cents.
We keep talking about how business follows the money. If we were so great all this time, why did London supplant New York as the financial capital of the world? We keep talking about how terrible it would be to become 'like Europe'.
Would it be so bad?
I've had reason to think about this because of my daughter spending a semester in England and travelling around Europe. My other daughter has been to Australia, New Zealand, Fiji and Japan in addition to England and France. So far, the only foreign country I've been to since 1970 has been Canada but my honeymoon in September is changing that.
I'm one who loves to put things in perspective. What, precisely, would we lose in 'becoming more European'?
Am I insane in thinking that if we rationalized out tax system so that we paid fewer NUMBERS of taxes, we might be able to come to a more fair assessment of how to pay for our government and services? I mean, in other countries, there are fewer places assessing you, although the individual rates are higher.
I pay Federal, State (even though I live in NH, I work in MA), property, vehicles, gas, excise taxes, sales (when not in NH), meals, hotel room, car rental taxes, etc, etc, etc... In the past I've paid capital gains taxes, transfer taxes, disposal taxes - and more than I can remember.
I'm told we have so many taxes so that we can hike taxes on 'the other guy' without the torch and pitchfork crowd coming out. The politicians can play "divide and conquer" on us.
We complain about our jobs going overseas to cheap labor, and have illegal immigrants coming here to do the jobs we deem 'beneath us' for wages we wouldn't work for anyway - and complain about it.
But I've been reading that the economic crash didn't hurt Europe as bad as us and their manufacturing is recovering sooner than ours.
Oh I grant you - there's some serious Euro-Silly out there - like the arguments on what constitutes a proper "bannana" in various treaties. Maybe they have an idea in that all the worthless politicians are sent off to Brussels to work on stuff that doesn't matter - but they (the politicians) THINK it matters so it gets them out of everyone's hair. (Extra points to anyone who recognizes how very "Douglas Adams" that is)
I tell you - there are services I'd *LIKE* to have here. I mean, people complain about the price of gas/petrol in Europe. But they don't have to drive nearly as much as we do. I mean, I would LOVE to be able to take a train to work. Do you know how much longer my car would last? I mean, it would probably work out cheaper to pay $6 for a gallon of gas when I'm only using my car for recreation or shopping, if I didn't have to replace my car as often because of all the miles put on it commuting.
Hmm.. $6/gal versus going extra years not having to pay $25K-$40K for a new car. But we would scream a LOT about $6/gal - rightly so since we, at the moment, don't have a lot of choices. I wonder if the hybrid owners have to replace their brakes as often? They have regenerative braking that uses the physical brakes less by running back into the generator to put power back into the battery. I wonder if the Chevy Volt, which will have a tiny engine only used to recharge the battery, will have less maintenance because the engine is used less - in some cases not at all because you can plug it in at night.
Yeah, I know I'm all over the map with this.
I guess I'm just wondering about the LONG term thinking here instead of the visceral reaction.