Marxist
Senior Member
Capitalists hate this beautiful individual ^You've accidentally discredited your own point. Those southern states often brag and boast about their low to non existent taxes. Textile industries still left. Minimum wage in this country is a king's ransom in some third world shit-hole with the added caveat that third world countries also have near zero taxes to boot. But it doesn't matter all the same. Some corporations in this country pay zero taxes as it is because of loop-holes. Tax rates be damned.Why did the textile industry leave S. carolina, georgia, tenn, and alabama? any idea?Friends husband was just laid off from job he has had for 11 years.IT/Computer etc. Outsourcing entire department to Philippines! Oh the wonderful joys of Capitalism. Bosses get richer,long term SKILLED employees get the shaft and slaves do work for pennies in Philippines....or should I say indentured servants.He is filing for unemployment but that's not the point...its wrong and should be stopped.
The USA has the highest corporate tax rate in the entire world. Was your friend a union member? Why is there no US tax penalty for sending jobs overseas?
How do you propose to stop outsourcing when its the only way some companies can survive?
U.S. Corps make more money.
And U.S. Corps have more loopholes, tax rebates, and tax avoidance mechanisms.
U.S. Corps could continue to operate in the U.S., employ people here, provide health care, and still make a profit. They COULD if they wanted to.
They just wouldn't be able to pay out they type of dividends to stock holders they do. Or pay their CEO's as much.
That is the reality.