Originally posted by @whodey Give me an example where they have gone to countries with higher taxes.
In fact, give me a reason why they are leaving the country.
The US has about three times the number of businesses it did in the 1980s. https://taxfoundation.org/us-has-more-individually-owned-businesses-corporations/
Taxes don't seem to be that big a deal though, of course, businesses and everybody else would like to see theirs' reduced.
Originally posted by @no1marauder The US has about three times the number of businesses it did in the 1980s. https://taxfoundation.org/us-has-more-individually-owned-businesses-corporations/
Taxes don't seem to be that big a deal though, of course, businesses and everybody else would like to see theirs' reduced.
There are also a lot more people in the US than in 1980.
According to the ultra right wing media cite CNN, companies are, in fact, moving over seas due to higher taxes.
The population of the US has increased from around 225 million in 1980 to approximately 325 million today. That's far from the massive increase in businesses already cited.
According to the article you cited, 47 companies in 10 years took advantage of what's called "inversion" (which is moving their HQs but not usually significant operations) to lower tax countries.
Does that qualify as the "droves" you were claiming?
Originally posted by @no1marauder According to the article you cited, 47 companies in 10 years took advantage of what's called "inversion" (which is moving their HQs but not usually significant operations) to lower tax countries.
Does that qualify as the "droves" you were claiming?
According to the right wing loons at CNN, over 5 million jobs have left since the year 2000.
Originally posted by @no1marauder Where in that article does it say US manufacturing jobs have "left" i.e. gone overseas?
It's last line is: ""In aggregate, the economy is close to full employment."
The article does cite the use of computers as one of the reasons jobs have declined, but it also had this little bit to say.
Trump's threat to put hefty taxes on Chinese and Mexican goods coming into the country would likely to sink the economy into a recession. It would make many items at the store more expensive for working class Americans and spark a global trade war.
So why are goods coming from places like Mexico cheaper? Taxation is one of those variables.
Originally posted by @whodey To think that a business does not consider it's tax obligations but only other costs related to the business seems blatantly absurd to me.
But then I have to consider the source of such challenges and it all becomes crystal clear.
Mexico's corporate tax rate is only marginally lower than the US'. https://tradingeconomics.com/mexico/corporate-tax-rate
If you really believe that companies moved production to Mexico because of the trivial difference in corporate tax rates rather than the huge difference in worker wages and benefits, you are daffy.
Originally posted by @no1marauder Mexico's corporate tax rate is only marginally lower than the US'. https://tradingeconomics.com/mexico/corporate-tax-rate
If you really believe that companies moved production to Mexico because of the trivial difference in corporate tax rates rather than the huge difference in worker wages and benefits, you are daffy.
Lower wages and lower tax rates.
You have no disproved that a company does not base its decision to move devoid of corporate taxes. Instead, you try to minimalize corporate taxes in the decision.
It's like talking to you about illegal immigrants coming across the border at the end of the Obama administration. You proudly declare that it decreased, as if the fact that they are still coming is of no consequence.
Countries like England and Singapore and China are doing the same to stay competitive.
They're doing the same thing because they are run by plutocrats just like the US is (two are authoritarian, anti-democratic States).
Giving big tax breaks to the rich and corporations has never been shown to significantly increase growth; this "trickle down" nonsense has been shown to be rubbish for decades. Here's a recent example from Kansas: http://prospect.org/article/kansas-sam-brownback-and-trickle-down-implosion-0
It's funny how wildly you spin around in one thread; from ranting about the debt and deficit to supporting huge tax cuts that will increase both.
Originally posted by @mott-the-hoople Me thinks shallow blue doesn't have a job. Care to explain why these businesses "in the real world' are returning, and the reason workers are getting raises and bonuses?
You think wrong, unsurprisingly. As for businesses returning... ask your pal whodey whether they do. And ask the factory workers whether they are getting those bonuses, and how they like seeing the consultants get them instead.
22 Jan '18 19:23
Congressional approval down to 11%
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