When Did We Need to Force People and Business to Stay in America?

Stop listening to the radio and TV for news. Read your news, this makes it harder for people to lie to you.

They're greedy, plain and simple.

Companies aren't "leaving" the US, they are exploiting tax loopholes by incorporating elsewhere. They continue to do business here, bring in revenues here, use the infrastructure, use the labor force, and as a result of their raison d'etre (reason for being), they also do everything possible to reduce their tax bill. I'm saying we need to close the loopholes and put the tax attorneys out of business. There is a reason the tax code is north of 20,000 pages, it is so the wealthy can get out of paying taxes, leaving you and I with the bill.

I'm not saying the government should give anyone anything. I'm saying we should structure the tax rates in this country to give incentives to corporations and rich people to give a raise to their employees. I fully believe everyone should work for their money, but it just isn't right that all of the economic gains over the last 40 years have gone to the wealthy.

Greed is a powerful, negative force. Greed used to be one of the Seven Deadly Sins, but today, in the words of Gordon Gecko, "Greed is good."

IMO, capitalism is good, greed is one of the most insipid, negative forces that exists and greed is more likely to bring down this country than liberals.

 

bad edit job twice

 

What creates wealth in the US is money in circulation and bank reserves/lending ratio's. A middle class with a high consumer confidence will circulate much more money than a few ultra-wealthy in stagnant economy. They also will borrow more money and that allows banks to 'create' money by loaning more money out than they have in assets.

Your assumptions are incorrect.

 

High marginal rates on excess income has traditionally put money back into circulation, pays down government deficits that compete for money with consumer loans and pays for infrastructure that improves the economic conditions for everyone.

The high rates were brought down by the wealthy buying off politicians to improve their own personal position but the facts are we are a healthier stronger nation when we had them.

 

The obvious answer is how many "bmw cars and rolex watches and tennis courts" can one person own regardless of the amount of money they cost. Is he going to own 10,000 watches?

Spread the money to the middle class and you'll see 1,000,000 cars, watches and tennis court magazines sold.

I suggest watching the film Inequality For All.

To address the OP, businesses already stay in America. There's no way in hell any major corporation is going to leave the US market. Tax havens essentially let companies have their cake (access to our consumer market) and eat it too (keep all the profits). We need to close the tax loopholes on revenue generated domestically.

 

That doesn't sound right. Food cost is generally 30-35%... So if you buy something for a dollar you should be flipping it for no less than a little over $3. If it's costing you $4 to make a meal _ I don't see how that business could stay a float charging $6 for the meal.

If the restaurant owner can attract more people than his establishment is equipped to handle a higher volume of people... Which means he could probably serve 100 people or 250 people in the same amount of time in a workday. So it might be more 'work' but not necessarily more 'time'... Also, you're not always going to make 100% profit on an investment but the volume of which that profit is made is what you look at, IMO.

Rolex and BMW are not American products. And the middle-class and lower do make up the market place. It's more middle-class and under than there are the rich. Take shoe companies like Nike. Besides sport franchises and schools they make a big profit of their money off the poor to middle-class. If the middle-class and under started watching their spending habits and who they spend their money with _ they could effect a lot of what's going on.

 

Try reading Paul Krugman's twice weekly column on the NYTimes website. He's a Nobel winning economist and often debunks Republican neocon rhetoric. He frequently points out when conservatives are misrepresenting or outright lying about their positions.

Here's a good article Krugman wrote in 1996 about why business aren't necessarily great economic leaders.