If you do not like corporations shipping jobs overseas then analyze why it is more profitable for them to do so. If you change some of those things maybe those jobs would stay here.
Originally Posted by Laz
There's three main reasons those jobs have been sent overseas: little or no regulation (including labor laws), cheap property and cheap labor. Are you proposing we allow this to happen here in the good ole' U.S. of A? What ever happened to taking to a little pride in your country and giving up a little of those insane amount of profits for the good of your people and your country? It's us that made them profitable.
Anyone that thinks corporations do not include taxes as an expense when determining what they charge for a product is nuts.
Originally Posted by Laz
True to some degree, but when your making $14 billion in profits and paying absolutely nothing in taxes on that profit, you can afford to give up some of that profit without it affecting your bottom line. Again, we're talking profit, not expense. You'd have to be less than breaking even before it starts affecting what you need to charge for whatever goods or services you're providing. The only thing truly affected before that happens is the gains made by the companies shareholders.
Corporate profits go to far more than a handful of people. How many are invested in mutual funds, pension plans, 401k, IRA, etc.
Originally Posted by Laz
And here's the crux of the problem. "Far more than a handful" is still far less than it could or should be. Better than half this country is buying groceries on credit cards at the moment and can't afford such luxuries as stocks, much less have the ability to put money away for retirement.
In regard to pensions:
- A survey by the global consulting firm Towers Watson found that 17 percent of Fortune 100 companies still offer such plans, down from 67 percent in 1998.
- Those that offer direct-contribution plans — i.e., the miserable 401k – total 58 percent, up from 10 percent.
http://taxdollars.ocregister.com/201...n-plans/57989/
If anyone thinks that raising corporate taxes will actually raise revenue to the government they are nuts.
Originally Posted by Laz
It's worked in every case it's happened in the last 50 years. Doesn't seem so nuts to me.
Corporations have massive amounts of profits earned overseas that are being kept overseas because of the taxes they would have to pay if they brought the profits back to the US.
Originally Posted by Laz
See my statement above about taking a little pride in your country and your people.
If you think that is evil remember that a corporations objective is to make a profit not support a bloated government. Also remember that capitalism is what made this a great nation.
Originally Posted by Laz
If corporations expect to be treated uniquely with their own privileges and liabilities, then it should pay it's fair share of the tax burden for those priviledges just as you and I do. It *was* capitalism that made this country great. Was, past-tense. Those days are gone for good I'm afraid. We are now in a race to the bottom with China and India and that's not going to change any time soon.
Have you ever considered how beneficial to the economy it would be to allow those profits to be brought back to the US at a low or no tax rate and then be invested here.
Originally Posted by Laz
Beneficial to *whom* and invested in what exactly? We don't make anything anymore since they've moved all their manufacturing overseas. If that money was brought back today, it would go straight to Wall Street and end right back in the hands of the top 1% in this country and do little to nothing for the rest of us.
In fact, that brings up some good questions....
Anyone here honestly think that if those profits were brought back today, a large portion of us would benefit?
Would our income increase to the point where only one family member needed to work to support his family, as was in the 1950's?
Would our employers suddenly decide to bring back pension plans?
Would are employers do away with "at will" employment and bring back long term employment contracts?
Would our employers start providing better benefits packages?
Does anyone even think for one second that they would do the least bit of good with that money and invest it in solving this country's problems such as healthcare, education, energy, pollution or infrastructure?
Fat chance, and in fact the last question can only be answered by government in the form of taxation.
I welcome your responses, this outta be good :P