UAW got their wish

[Razorguns]

UAW =

Hey they're not only getting 9 months notice, but 2 YEARS unemployemnt benefits.

Only in America

So don't feel sorry for them. I bet 99% of you pencil pushers could ever get those kinds of benefits! Unions ROOL!!!

r

 

[Creepusmaximus]

cough...someone with cash already inquired about a couple of divisions..cough..

Here in Maine, one of the Indian tribes has 25000 acres on the water with a deep water port. No import/export tariffs on tribal property, no unions, and Maine already has Dirigo Health subsidized health care.

I've already approached two mid level investment banks and two pension funds about pooling funds for such an idea. Fuck Detroit (except the Red Wings).

That's a Damned warp Idea and it might actually work.

 

[Creepusmaximus]

cough...someone with cash already inquired about a couple of divisions..cough..

Here in Maine, one of the Indian tribes has 25000 acres on the water with a deep water port. No import/export tariffs on tribal property, no unions, and Maine already has Dirigo Health subsidized health care.

I've already approached two mid level investment banks and two pension funds about pooling funds for such an idea. Fuck Detroit (except the Red Wings).

Something isn't adding up here.

Are you saying that you want to buy a division let's say the power train unit. What you want to do is out source all the parts and build an assembly plant on Indian land? All parts come in through their port? All assembled products going out through their port to avoid any import export taxes?

You expect to hire employees from the naval yard that is shutting down?

First off what are you going to give the Indians? They will want a good size part of ownership which is in a affect a tax on you. They are also going to want you to hire Indians for some positions. Another problematic situation.

The Indians have a working decent size port??? I don't see that. In general Indians are dirt poor saying they want to live like their dirt poor forefathers.

The idea of buying divisions and relocating them to a port area that the federal government is pulling out of is a good one. I just don't see where the Indians figure into this or their land.

 

[javaguru]

Artificially fixing the price of labor always bites you in the ass in the end. Its going to cost us all of our domestic auto producers and what did we get in exchange? A couple of generations of overpaid assembly line workers?

I sure hope its worth losing the tax revenues from those companies for the next couple hundred of years. Ever notice how everything trickles-down to the taxpayer's wallet eventually?

Wait, are you claiming $25.00 an hour for turning a few screws isn't a fair wage! Big Unions are socialism because they are artificially protected by the government while the employers are regulated by the government.I have no problem with workers collectively negotiating against an employer but it should be a level playing field. Unions were originally formed for a number of legitimate reasons which have been made into federal law (health and safety). Now it's all about wage inflation and protecting incompetence.

 

[mrplunkey]

Something isn't adding up here.

Are you saying that you want to buy a division let's say the power train unit. What you want to do is out source all the parts and build an assembly plant on Indian land? All parts come in through their port? All assembled products going out through their port to avoid any import export taxes?

You expect to hire employees from the naval yard that is shutting down?

First off what are you going to give the Indians? They will want a good size part of ownership which is in a affect a tax on you. They are also going to want you to hire Indians for some positions. Another problematic situation.

The Indians have a working decent size port??? I don't see that. In general Indians are dirt poor saying they want to live like their dirt poor forefathers.

The idea of buying divisions and relocating them to a port area that the federal government is pulling out of is a good one. I just don't see where the Indians figure into this or their land.

Here's my take:

1) Use the unencumbered deep-sea port to bring-in any key components you need (parts or even assemblies such as engines).

2) Use the tax-free status to incorporate your business and operate free of federal encumbrance.

3) If its native land, I bet the Department of Labor doesn't have jurisdiction there = no unions.

And I'm sure they'd have to give the local Indians a stake -- but equity is a non-cash expense. I'd rather not pay the taxes and not deal with the labor hassles and just make the profit. A stock that's even 20% diluted won't be a problem at all if earnings are 40%-50% higher. They'd recover that loss through their stock price the first day.

 

[binö]

The UAW union was the downfall of Detroit.. I hope all unionized companies go under and remerge union free

the uaw built detroit and alotta michigan
the wages they paid helped fuel the whole state's economy...up north were i lived, is crushed right now...no auto peeps vacationing up that way anymore.
really sad, esp since i've first hand witnessed the downfall

 

[mrplunkey]

the uaw built detroit and alotta michigan
the wages they paid helped fuel the whole state's economy...up north were i lived, is crushed right now...now auto peeps vacationing up that way anymore.
really sad, esp since i've first hand witnessed the downfall

But they didn't build it on sound business principals and on the idea of long-term employment. There could be 100,000 people there making a really good wage forever and instead they're going to have tens of thousands of people making a great wage for a relatively brief time.

Pigs get fat and hogs get slaughtered. UAW dodged the scalding vat quite a few times, but I think this time its gonna get hung and dressed.

 

[binö]

But they didn't build it on sound business principals and on the idea of long-term employment. There could be 100,000 people there making a really good wage forever and instead they're going to have tens of thousands of people making a great wage for a relatively brief time.

Pigs get fat and hogs get slaughtered. UAW dodged the scalding vat quite a few times, but I think this time its gonna get hung and dressed.

seems to me the principals were sound up untill about 10 yrs ago when things started really going down hill.
it's really sad for me, cause i've witnessed the downslope firsthand.
businesses closing up, golf courses getting overgrown, schools closing, people moving away...all tied to the auto economy.
i wonder if my great state will ever bounce back, i can't see southeast michigan ever recovering.
as much as you despise it, the UAW offered a piece of the american dream. 18 yr old could get a job paying 25 an hour with no experience and little skill.
not many places in the world were that could happen...too bad it can't last forever

 

[Creepusmaximus]

Here's my take:

1) Use the unencumbered deep-sea port to bring-in any key components you need (parts or even assemblies such as engines).

2) Use the tax-free status to incorporate your business and operate free of federal encumbrance.

3) If its native land, I bet the Department of Labor doesn't have jurisdiction there = no unions.

And I'm sure they'd have to give the local Indians a stake -- but equity is a non-cash expense. I'd rather not pay the taxes and not deal with the labor hassles and just make the profit. A stock that's even 20% diluted won't be a problem at all if earnings are 40%-50% higher. They'd recover that loss through their stock price the first day.

Feds have no power on Indian lands. On the other hand you can build an auto plant anywhere in the South free of unions. We have a BMW plant in SC which makes Z3 and Mercedes was looking to build a truck plant here too. No unions and the wages are much lower down here. You would get a ton of poeple who want to work in an auto plant for $20-$25 an hour with reasonable benefits.

I don't know how much you would really save in taxes which is the key to the whole deal with the Indians. If it's much higher than the equity you give the Indians then yes it's a good deal. I just don't see buying that many products from out of the country. Castings etc probably are coming from this country and many of the electronic parts.

 

[Creepusmaximus]

If you incorporated on Indian land you would have to take the money out of there some time but I guess you treat it as a dividend which would save you some money.

I'm going to have to dig up some facts on what the casions are doing on Indian land and how they do this and that.