Sactowndog
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- Jul 4, 2011
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This article shows why without changes we cannot innovate our way out of this economic malaise. Obama's plan simply won't work in the current model.
Popular Wrench Fights a Chinese Rival - Yahoo! Finance
What we must have to protect our economy is a capital exportation tax. Simply put if you are generating $1B in Revenue and spending and investing in the US $500M then you will be taxed 35% on the capital exported. Such a tax will make the profitability of these knock-offs much less attractive for companies like Bain.
Popular Wrench Fights a Chinese Rival - Yahoo! Finance
What we must have to protect our economy is a capital exportation tax. Simply put if you are generating $1B in Revenue and spending and investing in the US $500M then you will be taxed 35% on the capital exported. Such a tax will make the profitability of these knock-offs much less attractive for companies like Bain.