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The logic of this is simple enough. If you have money to invest, you're going to invest it where it'll return the most. Right now and in the past couple decades that is either in leveraged financial games, or it is in economies which are growing fast and have low costs. The US does not have high growth compared to China or Brazil or many other developing countries. It has high costs compared to those countries as well.
If you can build a factory overseas which produces the same goods for less, meaning more profit for you, why would you build it in the US?
Until that question is adequately answered, by which I mean "until it's worth investing in the US", most of the discretionary money of the rich will either go into useless speculative activities like the housing and credit bubbles, which don't create real growth in the US, or they will go overseas.
Even investors are investing overseas. The trading you see on Wall Street is just that..trading and mostly by the big banks doing HFT with their computers.
It's always been about following the money. When the US was growing and booming lots of foreign money poured into our country via investments.
Money always follows where investment is ripe for good returns. Tax cuts or not..that's where a prudent investor will put his money..in a growing economy.
Ask Bill Clinton about sending American jobs out of America.
Once you understand who killed American jobs then you will find your answer.
Thank Clinton for the start of this mess.
There is no such thing as tax cuts only for the rich, that is a total lie and needs to be stopped as it is totally false and misleading information.
Actually it was started by Bush Sr, with bi-partisan support from both parties, signed by Clinton. If your going to place blame, try to be honest for once and make sure you include EVERYONE.
It would be foolish to tax American businesses that provide jobs to Americans more. And it would be foolish to tax American workers more.
To pay for all the unemployed Americans, they should create an import tax. When unemployment is very high, let this tax be very high, and it can be decreased as unemployment is decreased. Also combined immigration rates should be tied to unemployment rates. Obviously when Americans can't find work, we don't need illegals, legals, or refugees as they would only add to the problem.
Actually it was started by Bush Sr, with bi-partisan support from both parties, signed by Clinton. If your going to place blame, try to be honest for once and make sure you include EVERYONE.
you speak the truth, but you dont go back far enough. outsourcing of jobs started in the 60s when regulations on business started getting more expensive in this country. johnson, nixon, ford, carter, and even reagan, and the congress during those years also need to accept blame. we cannot just cut taxes on business, and expect that they will always create jobs here, when regulations cost more than the taxes do.
when it takes twos years and 3/4 million dollars to get a new business building plan approved, cutting property taxes by 10% is nothing in the grand scheme of things. proper regulation, and decent tax rates, and flexible union work rules, all will help bring manufacturing business back to this country.
Quote:
Originally Posted by malamute
It would be foolish to tax American businesses that provide jobs to Americans more. And it would be foolish to tax American workers more.
To pay for all the unemployed Americans, they should create an import tax. When unemployment is very high, let this tax be very high, and it can be decreased as unemployment is decreased. Also combined immigration rates should be tied to unemployment rates. Obviously when Americans can't find work, we don't need illegals, legals, or refugees as they would only add to the problem.
while true, we have to be careful with how much we raise tariffs on imported goods, otherwise we can get into a tariff war, and that will bad detrimental to the country.
This is true. When the wealthy get taxcuts, they create jobs outside the US.
What is also true is that if the wealthy didn't get taxcuts, they wouldn't create as many jobs outside the US. But jobs wouldn't be created inside the US either, because current policy and high corporate taxes just don't allow it.
This is true. When the wealthy get taxcuts, they create jobs outside the US.
What is also true is that if the wealthy didn't get taxcuts, they wouldn't create as many jobs outside the US. But jobs wouldn't be created inside the US either, because current policy and high corporate taxes just don't allow it.
Well said
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