tkhayes 348
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When Ingersol-Rand bought the most successful refrigeration company in the world - Hussmann Refrigeration - the first thing they did was laid off the vast majority of it's employees and moved the jobs to Mexico and China. I was one of those employees that lost a great paying job -$50,000.00+ a year. I'm sure that there are many who would applaud such a move.
On top of the massive profits that Ingersol pulls in, they pay no U.S. taxes.
Pay no taxes
+ Low wages
_____________
= Corp. GREED
On top of the massive profits that Ingersol pulls in, they pay no U.S. taxes.
Pay no taxes
+ Low wages
_____________
= Corp. GREED
"...And once you're gone, you can't come back
When you're out of the blue and into the black."
Neil Young
When you're out of the blue and into the black."
Neil Young
rushmc 23
QuoteQuoteSo, sir
why is that?
hmm, well we had more jobs and better economic growth in periods with high taxes and heavy government regulation.
So perhaps the corporations can't be trusted to do it themselves, they need to be 'regulated' into helping out American citizens.
which is what a lot of liberals are trying to do.
A lot of large corporations care nothing more than their bottom line - pure capitalism yes, but does nothing for jobs or the economy - other than their own internal economy.
If we over-regulate and they all leave? Oh well, that is fine. Others will start corporations to replace them. Everyone will still need toilet paper, gas and cars, food, and clothing. The market is actually there.
Canada, heavy taxes, high regulation, and 7.5% unemployment
Why do suppose THAT is sir?
Just the answer I expected
Glad your side is getting voted out now
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
DougH 270
Fortune 500 companies are increasingly global. They aren't US companies any more.
Their profits are up because they are growing over seas. Outside markets are offering a better potential for growth.
Do you have a simple solution for the fact that business will seek out the most profitable oppertunities?
At least my 401k has been doing well the past two years.
Their profits are up because they are growing over seas. Outside markets are offering a better potential for growth.
Do you have a simple solution for the fact that business will seek out the most profitable oppertunities?
At least my 401k has been doing well the past two years.
"The restraining order says you're only allowed to touch me in freefall"
=P
=P
tkhayes 348
news alert, Conservatives in Canada would be considered radical lefters here in the USA.
They might be more 'right' than the NDPs, but they are far from conservative
Which policies is it that the 'right-wing' in Canada are implementing from which the US could learn from? Since you did not deny the success of said Canadian economic system??
They might be more 'right' than the NDPs, but they are far from conservative
Which policies is it that the 'right-wing' in Canada are implementing from which the US could learn from? Since you did not deny the success of said Canadian economic system??
tkhayes 348
my IRAs are doing well yes. Mostly invested in US and global blue-chip companies.
that is only one of many economic indicators and as I stated earlier, I do not believe correlates in ANY way to jobs or a better country.
Huge profits are made by a few in Nigeria and Malawi too, but they are some of the poorest countries in the world.
that is only one of many economic indicators and as I stated earlier, I do not believe correlates in ANY way to jobs or a better country.
Huge profits are made by a few in Nigeria and Malawi too, but they are some of the poorest countries in the world.
rushmc 23
QuoteFortune 500 companies are increasingly global. They aren't US companies any more.
Their profits are up because they are growing over seas. Outside markets are offering a better potential for growth.
Do you have a simple solution for the fact that business will seek out the most profitable oppertunities?
At least my 401k has been doing well the past two years.
Yes you are correct and yes they are
But the reasons markets are more profitable over seas are varied from growth potential to other reasons
But the reasons markets are less profitable here can be directly linked to regulation
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
DougH 270
QuoteQuoteFortune 500 companies are increasingly global. They aren't US companies any more.
Their profits are up because they are growing over seas. Outside markets are offering a better potential for growth.
Do you have a simple solution for the fact that business will seek out the most profitable oppertunities?
At least my 401k has been doing well the past two years.
Yes you are correct and yes they are
But the reasons markets are more profitable over seas are varied from growth potential to other reasons
But the reasons markets are less profitable here can be directly linked to regulation
It can be linked to a multitude of different things. Covering each element would take a post all by itself.
Do you think doing business in China has less red tape and regulation than doing business in the US.
The Chinese may take you intellectual capital and claim your business for the government, but they sure have a great cheap supply of skilled highly educated labor.
"The restraining order says you're only allowed to touch me in freefall"
=P
=P
rushmc 23
QuoteQuoteQuoteFortune 500 companies are increasingly global. They aren't US companies any more.
Their profits are up because they are growing over seas. Outside markets are offering a better potential for growth.
Do you have a simple solution for the fact that business will seek out the most profitable oppertunities?
At least my 401k has been doing well the past two years.
Yes you are correct and yes they are
But the reasons markets are more profitable over seas are varied from growth potential to other reasons
But the reasons markets are less profitable here can be directly linked to regulation
It can be linked to a multitude of different things. Covering each element would take a post all by itself.
Do you think doing business in China has less red tape and regulation than doing business in the US.
The Chinese may take you intellectual capital and claim your business for the government, but they sure have a great cheap supply of skilled highly educated labor.
I do not know about the China red tape
But your point to skilled cheap labor would over come that by itself in many cases
I do not think lowering wages here to offset regualtion would be good idea either
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
DougH 270
QuoteHere's the funny thing about corporations not paying taxes. The reason they aren't paying the gov't is because they are generally contributing much more to charities, research programs, etc.
So essentially it isn't they aren't contributing, they're just bypassing the middle man.
Bzzzzzzzzzzzzzzzzz wrong.
They "aren't paying taxes", but more accurately their effective tax rates are pretty low, because the tax code is currently structured in a manner that favors global multinational corporations. Fortune 500 companies are typically multinationals.
It has very little to do with charitable contributions, which can only be 10% of a corporations net taxable income any way.
Simplifying the corporate tax code to favor primarily US based companies, say CVS, and reducing the top rate from 35% to 20% would be excellent for some companies, and absolute crap for others.
I am not complaigning, tax accounting pays my bills.
"The restraining order says you're only allowed to touch me in freefall"
=P
=P
hmm, well we had more jobs and better economic growth in periods with high taxes and heavy government regulation.
So perhaps the corporations can't be trusted to do it themselves, they need to be 'regulated' into helping out American citizens.
which is what a lot of liberals are trying to do.
A lot of large corporations care nothing more than their bottom line - pure capitalism yes, but does nothing for jobs or the economy - other than their own internal economy.
If we over-regulate and they all leave? Oh well, that is fine. Others will start corporations to replace them. Everyone will still need toilet paper, gas and cars, food, and clothing. The market is actually there.
Canada, heavy taxes, high regulation, and 7.5% unemployment
Why do suppose THAT is sir?
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