Quote:
Originally Posted by Pragmatist
Just a couple points...
Competition forces corporations to move jobs overseas. Do you want more collapses like the automotive industry is seeing?
Relocation ensures that they will pay zero in taxes. I am sure that will be helpful.
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If they relocate good for them...however, we're the world's biggest importer. You see our current system gives them tax breaks with a whimper and a plead to not leave. THEY LEAVE ANYWAY…they leave with the tax cuts and invest that money overseas also. So here’s what needs to be done. You need someone with enough guts to stand up to these corporations. Only offer tax cuts, shelters, rebates, etc. to those corporations that create jobs HERE and invest in our markets. If a corporation moves jobs overseas…cut their tax benefits and place heavy taxes on goods sold here in our markets. Make it painful to do business here while producing overseas. They don’t want China or Central American markets…we’re the biggest market. Make it hurt to leave and do business with us from the outside. Plus their markets are far more fragile. Most corporations will line up and bring jobs home because the real tax benefits will go to those doing business in the US and they will want to remain a part of the largest and most wealthy market on earth. If they leave…it will open the door for new corporations that stay in the US to fill the vacuum. Markets will always find a way to achieve balance and fill any void. Sadly right now those voids are being filled by service jobs at McDonald’s.
You got to be creative and willing to play hardball with corporate interests. Not to mention….think outside the box on how you can persuade them to play the game by the rules.