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If there was no demand for product, why exactly are corporate profits busting at the seems? Apple is sitting on so much cash they dont even know what to do with it.
Because profits are based on multiple factors.
One of which is lower employee costs.
Apple products are built in China. There is a great demand for their products.
Steve Jobs tried to get obama to understand why.....it fell on deaf ears.
Really? The national debt is about half the mortgage credit created during the housing bubble from 2001-2008. That pumped 27 trillion dollars into circulation and you think just da guberment is behind inflation?
Once again, lefties conveniently fail to realize that government caused the problem.
That is quite possibly the least efficient thing you can do if you are cutting taxes. As you said demand for a product is what fuels hiring employees. The fact is corporations do not create demand. Final end consumers create demand and a corporation by its very nature will never be a final end consumer since it is concievbly only purchasing stuff to provide a good or service and make a profit. If you are going to have a tax cut that creates demand you should be cutting payroll and individual income taxes particularly on the lower income folks in since lower income people tend to spend a far higher % of their income which goes 100% into demand. Personally more effective then any tax cut really would be to just do a massive infrustructure program since that would create tons of final use demand and put money into the pockets of working class and middle class folks who will create even more final end demand
If you cut corporate taxes you accomplish nothing because you are not creating any final consumer demand at all. In fact you are mostly creating savings as you can see from the massive cash stockpiles most corporations are sitting on, because there is limited consumer demand and thus not an incentive to invest.
Bring industry back to America.
We are in a very competitive world economy, and we need to do something to be competitive.
We are in a very competitive world economy, and we need to do something to be competitive.
End of story.
Won't be cost effective for Corporations, until our wages and benefits are that of the 3rd world nations, now producing the products, or placing a trade tariff to make the cost equal that of products coming from 3rd world nations.
Free trade and equal trade are two very different things, with very different outcomes, when all nations of the world are not equal.
Won't be cost effective for Corporations, until our wages and benefits are that of the 3rd world nations, now producing the products, or placing a trade tariff to make the cost equal that of products coming from 3rd world nations.
Free trade and equal trade are two very different things, with very different outcomes, when all nations of the world are not equal.
Tax rates and extremist over-regulation have far more to do with companies leaving than labor costs.
obama "stimulates" the economy with $800 BILLION DOLLARS.
Not one net job created.
obama suggests tax credits for new hires....very few takers.
obama suggests tax credits for businesses to hire veterans......very few takers.
WHY?
If there is NO demand for a product, a business doesn't need any more employees. Employees cost money.
It's as simple as this....get rid of the corporate tax rate, get the EPA under control.
Make America business friendly and jobs will follow.
You'll see proof once Mitt Romney is POTUS!
And it goes back to Clinton and his NAFTA deal --- while he signed away millions of American jobs, he threw open the borders to allow millions to come in and take what was left of American jobs, and the left simply cannot see what the problem is in that.
And it goes back to Clinton and his NAFTA deal --- while he signed away millions of American jobs, he threw open the borders to allow millions to come in and take what was left of American jobs, and the left simply cannot see what the problem is in that.
Both parties have been cowardly on the immigration issue.
Won't be cost effective for Corporations, until our wages and benefits are that of the 3rd world nations, now producing the products, or placing a trade tariff to make the cost equal that of products coming from 3rd world nations.
Free trade and equal trade are two very different things, with very different outcomes, when all nations of the world are not equal.
This is a generalization. We (where I work) must compete with China and we do. Our wages and benefits are far higher than China but our research and development far exceeds what China can do.
While there is a market for "cheap" there is also a big market for new developments and technology. People will pay for the next new things and I refuse to believe that we couldn't compete in building the state of the art things like televisions.
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