andersonh1

Dec 1 2009, 09:35 PM

Part of it is greed, or the desire to make a higher profit, which up to a point is what a business is supposed to do. But between unions and one of the highest corporate tax rates in the world, it's little wonder companies are moving overseas. It's become far more expensive to do business here in the United States than it is to do business overseas. Our government can and should change that.

andersonh1

Dec 1 2009, 09:35 PM

Part of it is greed, or the desire to make a higher profit, which up to a point is what a business is supposed to do. But between unions and one of the highest corporate tax rates in the world, it's little wonder companies are moving overseas. It's become far more expensive to do business here in the United States than it is to do business overseas. Our government can and should change that.

It's been hard on the south, where I live. Textiles are long gone, and they were once the life blood of the region. There are still empty textile plants here and there, and run down old mill villages. The south adapated, but it was hard for awhile.

Quote:

 

I believe you to be correct. A higher profit is the goal of capitalism, but I feel that if you export your jobs to another country then by all means your product shouldn't be sold here.

Dominic Guglieme

Dec 2 2009, 07:00 PM

andersonh1

Dec 1 2009, 09:35 PM

Part of it is greed, or the desire to make a higher profit, which up to a point is what a business is supposed to do. But between unions and one of the highest corporate tax rates in the world, it's little wonder companies are moving overseas. It's become far more expensive to do business here in the United States than it is to do business overseas. Our government can and should change that.

It's been hard on the south, where I live. Textiles are long gone, and they were once the life blood of the region. There are still empty textile plants here and there, and run down old mill villages. The south adapated, but it was hard for awhile.

Quote:

 

I believe you to be correct. A higher profit is the goal of capitalism, but I feel that if you export your jobs to another country then by all means your product shouldn't be sold here.

The problem is that too many companies are forgetting Henry Ford's (pretty basic) idea that the workers need to be able to afford the car.


Anderson, I am suprised that you of all people are calling for regulation. (I am not against it, but from Anderson the call is suprising. Of course, it is, in the long term a call for deregulation, so it makes sense in that way.)

The other problem is that we have a consumer based economy, not a production based economy. We do not make anything, so much of what we do involves spending rather than creating wealth.

Dominic Guglieme

Dec 3 2009, 10:27 AM

The problem is that the cost is just going to be lower over-seas.

gijoe071681

Dec 5 2009, 02:30 PM

Dominic Guglieme

Dec 3 2009, 10:27 AM

The problem is that the cost is just going to be lower over-seas.

Exactly. Which is why I feel that lowering the companies taxes isn't the answer. You lower the taxes, they are just making more money because they have exported the jobs and are still paying less to make the products, so why would they keep the jobs here? I think the appropriate way to deal with it is to punish the wrong (exporting jobs ) not reward the right (keeping jobs). You are generally expected to do right without a reward. So basically I say raise the tariffs and taxes to make it unprofitable to export the jobs.

andersonh1

Dec 5 2009, 02:52 PM

gijoe071681

Dec 5 2009, 02:30 PM

Dominic Guglieme

Dec 3 2009, 10:27 AM

The problem is that the cost is just going to be lower over-seas.

Exactly. Which is why I feel that lowering the companies taxes isn't the answer. You lower the taxes, they are just making more money because they have exported the jobs and are still paying less to make the products, so why would they keep the jobs here? I think the appropriate way to deal with it is to punish the wrong (exporting jobs ) not reward the right (keeping jobs). You are generally expected to do right without a reward. So basically I say raise the tariffs and taxes to make it unprofitable to export the jobs.

You can't just use a negative approach and throw penalties at businesses. There have to be incentives as well. Maybe a substantial tax cut for those who hire and build in the United States, that isn't available to companies who take their business overseas. Something along those lines.

Dominic Guglieme

Dec 7 2009, 03:54 PM

Of course, there is another problem with raising tariffs or keeping jobs in the US. Doing either of those things will push the prices of most goods beyond what many consumers are able, or simply willing, to pay.

And, given that consumption is such a huge part of our economy, that could prove to be terrible. Think about it this way, if you work in a support industry for retail, (shipping, or credit), you would be impacted.

Dom
-is amazed that November is being considered a win simply for not being as bad as previous months.