Obama is mad at Ireland now..they have a 12.5% corporate tax (legal, politician)

[middle-aged mom]

Originally Posted by Ivorytickler

I'd rep you but I need to spread the love first.

You are spot on here. By our choice to charge higher taxes we are pushing US companies out of the country. We have no right to cry foul when other countries realize that encouraging businesses to build there by offering lower corporate taxes is to their benefit. I have to wonder if the people who are complaining would choose to live in city A with a 35% income tax or city B with a 12.5% income tax. I wonder what they'd choose.

Ireland is doing what our leaders are too stupid to do. We have no right to complain here. This is in our control. We can lower corporate taxes and make it attractive to manufacture here and we can be loyal to Made in the USA but both will hit us in the pocketbook. There is a price to pay if we want to keep companies here and have more move here.

This thread is not about manufacturing.

Since you mentioned it, the US corporate tax rate is not what drove manufacturing to the third world. Union made in the USA can't compete with the third world with unlimited child and adult human resources willing to work under any conditions to avoid starvation.

Those who import can make more and the US consumer pays substantially less than it would if the product were manufactured in the US. When that's not feasible, US employers import third world labor. Again, the importers make a higher profit and consumers pay less than if the end product were built by US people.

[middle-aged mom]

Originally Posted by Mr. Mon

You just backed-up my statement. All of those companies are either HQs and/or have major operations. Ireland is a lower tax, compared to the continent, English speaking country and a quick flight from New York. It's a perfect location for manufacturing and large service operations. That's not the issue at hand.

It's not a particularity attractive place for manufacturing. 44% of workers are covered by collective bargaining agreements. They have a minimum wage and labor laws, unemployment benefits, old age pensions, universal healthcare and on and on.

Manufacturing has been and will continue to be less dependent on humans. Machines are more productive than humans.

[petch751]

Originally Posted by shooting4life

So you're saying companies want to move to places with a lower tax burden? Color me shocked.

I still have not figured out why liberals do not realize this. How many tax dollars do we receive from a company located in another country.

Because they belong to the Obama cult and what ever Obama says they believe.

[Mircea]

Originally Posted by 2e1m5a

We don't have to "adjust" to the rest of the World (most of which live in dire poverty) and lose all of the progress employees have made the past 100 years setting living standards to new levels and creating the largest middle class the World has ever seen.

Yes, you do have to adjust.

It's for your own good. Of course, I am assuming that you don't want to be a cannibal.

Originally Posted by casimpso

Obviously, as more and more Chinese move into the middle class, wages will rise and the competitive gap will shrink.

Obviously, some people's GoogleEarth doesn't work. Which part of "India" do you not understand?

Would you like me to explain it to you?

Wealthy Indians pay $106.64 each year to send their children to private schools.....those children then go to college, and then they take your job. They're already taking your job. The Ford plant India is nearly finished.

Do you spend more or less than $106 per year for private school tuition?

You can take your time answering that.

Originally Posted by Mr. Mon

The Netherlands, Ireland and the other countries where american companies are setting up shop do this and it seems to work just fine. American companies are "moving" there to avoid corporate taxes while the executives stay in the US and enjoy our insanely low income taxes rates. That's the part that really bothers me.

They got pills for that.

Originally Posted by 2e1m5a

I know the point of Capitalism is constant growth and profit and more growth and profit,....

No, wrong. Capitalism, Socialism and Communism all require Capital.

Capital has an inherent need to expand.

Have you worn the same pair of shoes your entire life?

No....you haven't.....Victory is mine.

You got additional shoes because Capital expanded. How did Capital expand? Through profit.

No profit = No expansion.

I don't care if you are Capitalist, Socialist or Communist, they all operate on Profit. Without Profit, you cannot acquire new Capital and without new Capital you cannot grow or expand.

Originally Posted by 2e1m5a

...and been scattered throughout the globe to near-slaves...

Who says they are slaves?

You created those slaves. Why are you mad?

Originally Posted by 2e1m5a

Income inequality is at record highs....

Income Inequality does not exist.

And for the record.....if you watch even 1 second of sports on TV, or attend sporting events, or purchase items with sports logos, or purchase products advertised on sporting events then you are a hypocrite.

Originally Posted by BruSan

Yeah; I guess that's what's to be expected from the country that virtually invented the term "free trade" then used their huge 300 million consumer economic might to force compliance from other countries and enjoyed firms being bought up and moved from those other countries to the U.S. while all the time screaming "we're number one baby".

Now the shoe is on the other foot and it's back to "we should punish those who do not assimilate, resistance is futile" nonsense. You folks are never satisfied unless you're both having and eating yours and everyone else's cake.

Well, you almost got it right.

It wasn't the "300 million consumer economic might" it was the nuclear weapons, air power, carrier battle groups, amphibious assault groups and ground forces, plus the US Dollar, plus the cold-blooded murder or attempted murder of more than 3 dozen heads-of-State....and I'm only counting since 1955... that did that.

Capitally...

Mircea

[middle-aged mom]

Originally Posted by steven_h

It's amazing how you spin anything to be the opposite of reality.

Somehow a lower tax represents something bad, and if Ireland has a lower tax they must be racing to the bottom. That doesn't even make sense to the liberals in here.

These companies are looking for the most advantageous tax arena, like NY state which has a new NO-TAX for a Decade program going on. I guess NY state is racing to the bottom as well?

God forbid these companies do their due diligence and actually try to turn a profit! We should be competing with lower tax rates to bring these companies back here, and creating jobs, exploding the economy, and repatriating the more than $2T being held offshore.

In 1980, Apple created Apple Operations international in Ireland. It's a primary offshore holding company. It has no employees. It's a mailing address- a ghost company, no different than multinational corporations with mailing addresses in Bermuda, Luxemborg and Cayman Islands.

[middle-aged mom]

Originally Posted by HappyTexan

You post as if every single corporation pays 12.6%.

do they ?

I know you know the definition of average.

[MotleyCrew]

Go Ireland!!!!!!

[Mr. Mon]

Originally Posted by middle-aged mom

It's not a particularity attractive place for manufacturing. 44% of workers are covered by collective bargaining agreements. They have a minimum wage and labor laws, unemployment benefits, old age pensions, universal healthcare and on and on.

Manufacturing has been and will continue to be less dependent on humans. Machines are more productive than humans.

I should have qualified that with higher end, high skill manufacturing. Mostly computers components and pharmaceuticals. They aren't making tee-shirts and plasticware.

[Mircea]

Originally Posted by Opin_Yunated

Here's a thought: to hell with multi-nationals. Step by step:

Repeal NAFTA
close our borders to allow only skilled immigrants
close corporate loopholes

Accomplishes nothing.

Originally Posted by Opin_Yunated

institute protectionist tariff

Explain to us why Rajiv in India would pay $32 for something Made in America when he can buy the same thing „Fabricat in Romania" for $7?

Originally Posted by Opin_Yunated

raise the minimum wage

Explain to us why Rajiv in India would pay $32 for something Made in America when he can buy the same thing „Fabricat in Romania" for $7?

Originally Posted by Opin_Yunated

make union membership mandatory for manufacturing jobs

What manufacturing jobs?

Your step-by-step plan will destroy them all.

Also, the converse of freedom to peaceably assemble holds true.....freedom from being coerced to assemble.

Oh, that's right....you're a Liberal.....trampling on the Constitution gives you a warm tingly wet sensation running down your leg.

Originally Posted by Opin_Yunated

tax capital gains as regular income

Right, because the loss of $2 TRILLION to $3 TRILLION in Capital Tax revenues due to the tax rate being too high is not enough......you want to quadruple that into $12 TRILLION in lost revenues over 20 years.

Originally Posted by Opin_Yunated

lift the cap on FICA

Yes, because $54,000 Cincinnati Dollars equals $100,000 White Plains (NJ) Dollars.

$108,000 Cincinnati Dollars equals $200,000 White Plains Dollars.

The person in Cincinnati is not affected, but the person in White Plains is affected.....and affected negatively.

Stalin would be proud of you.

Originally Posted by Opin_Yunated

subsidize higher education for all citizens

You already have turds taking up space and wasting precious resources on college campuses, and now you want to expand the number of people who can go?

Do seriously believe the extra resource required are free?

Originally Posted by Opin_Yunated

rebuild our infrastructure

Right, because you've got $3.5 TRILLION to revamp your electrical grid and $2.1 TRILLION to repair highways that you cannot afford to maintain in the future.

Originally Posted by Opin_Yunated

....because 3rd world countries don't have our workforce.

Their work-force is better than yours.

Originally Posted by Opin_Yunated

No, but 26 of the largest corporations are paying no federal income tax.

Out of how many corporations?

What percent of corporations paid no federal income taxes?

Originally Posted by Opin_Yunated

Yes. However, we have the resources to be more isolationist if needed.

No, you don't.

There are numerous critical resources that you don't even have...titanium for military, industrial and medical technology is one such resource. There are many other metallic ores and non-metallic minerals that you need for electronics, but you do not have.

You don't even have the population to be isolationist.

You'd need about 750 Million people and an E-Pop Ratio of at least 60% which would give you a work-force of about 450 Million people.....which is twice your current work-force.

Oh, I'm sorry to ruin your fantasy......do you actually believe a barista can make you mocha and simultaneously be 20 miles away assembling cell-phones?

Originally Posted by Opin_Yunated

The U.S. is a world leader.

Portugal was a world leader, too, and yes, the operand is "was."

Originally Posted by Opin_Yunated

The rest of the world will follow our broad economic reforms when they see they're working.

They'll be laughing at you.....just like they are right now.

Originally Posted by Opin_Yunated

The USD is still used in over 60% of all global transactions. Even if other countries adopted their own currency, it doesn't affect us worth a rip. Our reserve status is our military grip on OPEC.

So, you're willing to murder? Can't exactly criticize military action in Iraq and then scream your military is the key to your reserve status.

Let me show you just how wrong you are......

Originally Posted by Opin_Yunated

Debt is money.

Only in your dreams.

Would you like a list of the 95 Sovereign Currency States that went bankrupt?

Or do you want to know how many times they've gone bankrupt in the last 40 years?

Originally Posted by Opin_Yunated

Austerity doesn't work.

It worked for Ireland.

And Iceland.

And quite a few other States.

But, hey......keep suppressing that evidence in a manner most-Stalinish.

Stepping on....

Mircea

[HappyTexan]

Originally Posted by middle-aged mom

I know you know the definition of average.

Well the true number is 22% and I posted the GAO report.