Dude, where's my job?

[needtogetarmy]

Globalization is the #1 cause of the decline of manufacturing jobs in the US. Blame Bush, Obama or anyone else you want to.

Eliminate oversea tax shelters? Bullshit. If the US tax code was fair companies would bring that money back to the US in a heartbeat. I read today in the WSJ over $1 trillion is sitting the oversea accounts for US corps and they will not bring it back. Why? They have to write a check to uncle same for 30%+ of it. Who in their mind would do that?

Also, if you are running a multinational corp, and your competition is kicking the shit out of you, what do you do? You go to the place with the most cost efficient labor market and a location with favorable taxes. Ireland lowered it business tax in the 1990's and companies invested tens of billions of dollars in that country. The US could do the same.

 

[mustang_00]

*insert FU song*

 

[-SD-]

The corporations are always going to get theirs, whether its here in the US or overseas. Our government chooses where the corps go based on policies that either benefit or punish the corps. But the corps will always get theirs.

 

[redshirt27se]

dude how to u expect to undo what Bush did for 8 years, Plus a war for years after in the trillions$$$

also

until we get rid of offshore tax havens and giving breaks to those that outsource jobs we are f-ed

We need to reward companies that stay here, not reward companies that ship jobs to oppressive states.


The only things that ok to source out is chemicals AND MATERIALs not jobs

how are "we" supposed to get rid of tax havens? we have no control over places like the Isle of Mann that have no capital gains and a corporation tax of 0%

As AV mentioned there is a shit ton of money sitting overseas ready to be repatriated back to America, but no one is willing to do it at a cost of 25-35%. Obama has already said he won't budge on that either, so that money is going to stay overseas.

 

[nimbus]

conquer the entire world; outsourcing and tax-haven problems solved

booyah

 

[SouthernLord]

Look on the bright side. At least we're not France.

 

[nimbus]

Look on the French side. At least we're not bright.

 

[SouthernLord]

Exactry

 

[ortiz34]

Good article
cliff notes = we are fucked

 

[-SD-]

I think the takeaway here is we need to move to the Isle of Mann