The simple reason why corporations are keeping money overseas

[Airport]

Capital, money, goes where it is treated well. Right now, it's treated very badly in the US. What's lost on many is that the poor and middle class would do so much better with a reduction of the corporate tax rate but all they know is what is told to them by one group of people that the rich are getting richer and they are getting poorer. It's getting worse because those in power make sure that they continue to cut lower paying jobs, reduce hours to keep the stock value up and the upper echelon salaries elevated. One thing we need to understand that there are always going to be the haves and the have nots.The politicians that keep the pot stirred, usually already have theirs and want to make sure that they stay in power and that the public isn't very bright and too occupied with everyday lives to figure this out. I know that some on here will say, but, but that's not the way it should be. Well, that's the way it is and will always be. Even in the totalitarian govts, there were haves and have nots. You can never make the poor better off by trying to take down 1% of the population. There's just not enough of them.

 

[WVPATX]

Capital, money, goes where it is treated well. Right now, it's treated very badly in the US. What's lost on many is that the poor and middle class would do so much better with a reduction of the corporate tax rate but all they know is what is told to them by one group of people that the rich are getting richer and they are getting poorer. It's getting worse because those in power make sure that they continue to cut lower paying jobs, reduce hours to keep the stock value up and the upper echelon salaries elevated. One thing we need to understand that there are always going to be the haves and the have nots.The politicians that keep the pot stirred, usually already have theirs and want to make sure that they stay in power and that the public isn't very bright and too occupied with everyday lives to figure this out. I know that some on here will say, but, but that's not the way it should be. Well, that's the way it is and will always be. Even in the totalitarian govts, there were haves and have nots. You can never make the poor better off by trying to take down 1% of the population. There's just not enough of them.

One liberal poster claimed that greed might explain why corporate money has not bee repatriated. So a CEO that doesn't want to pay taxes a second time is greedy? It's not his or her money, it's the shareholders money and he or she is responsible for maximizing shareholder value. I think many liberals think that corporations take untaxed income earned in the U.S. and stash it overseas without paying taxes. Ridiculous.

 

[Keyser76]

Yeah, one percent of the people controlling 99 percent of all wealth is a good thing, still waiting on the trickle down. Greed is good but it has nothing to do with anything in Capitalism, lol. Your best bet is to be born on third base.

 

[bornaneer]

Yeah, one percent of the people controlling 99 percent of all wealth is a good thing, still waiting on the trickle down. Greed is good but it has nothing to do with anything in Capitalism, lol. Your best bet is to be born on third base.

So you are blaming someone because they were born on third base? While trickle down has been blown totally out of proportion, it does work to a limited degree.

 

[WVPATX]

Yeah, one percent of the people controlling 99 percent of all wealth is a good thing, still waiting on the trickle down. Greed is good but it has nothing to do with anything in Capitalism, lol. Your best bet is to be born on third base.

So socialism is the answer? Obama raised taxes and median family income has fallen. Jobs are the answer, not redistribution.

 

[WVUBRU]

So you are blaming someone because they were born on third base? While trickle down has been blown totally out of proportion, it does work to a limited degree.

A successful economy in a capitalistic society most certainly has a "trickle-down" component to it and it needs to be strong. The problem is only relying on that as the driver to get to a successful economy and setting policy based on it. That is where it fails and will always fail.

 

[bornaneer]

A successful economy in a capitalistic society most certainly has a "trickle-down" component to it and it needs to be strong. The problem is only relying on that as the driver to get to a successful economy and setting policy based on it. That is where it fails and will always fail.

Thats why I said "limited".

 

[Airport]

Yeah, one percent of the people controlling 99 percent of all wealth is a good thing, still waiting on the trickle down. Greed is good but it has nothing to do with anything in Capitalism, lol. Your best bet is to be born on third base.

This is why Winston Churchill said why our system of govt is domed. People aren't smart enough to know from history that other forms of govt are much, much worse. If govt was forced to function on 10% of the GDP, we would be much better off. A 10% tax on consumption and no income tax, would be the best. Rich people buy more things and there would be no need to find loopholes. In fact, there would be no loopholes. Think how much woul be saved in doing tax returns alone. Sorry CPA's but we don't need as many as we have.

 

[WhiteTailEER]

Capital, money, goes where it is treated well. Right now, it's treated very badly in the US

I agree with that and feel we actually need to lower corporate income taxes to keep more businesses here. However, that doesn't mean that anything is going to trickle down either.

People complain about the low-lifes on foodstamps and other government assistance, but many of them are actually trying to work full-time. Why should we, the tax payers, subsidize the profits for Walmart? That's exactly what we are doing. They keep people on low wages and only working part time so that they can keep more profits, but then those people still need help to live and it comes from us taxpayers .... so that Walmart and the Walton family can keep more and more profits. How is that right? I don't know how you fix it without over-regulating everything, but I see that as a major problem.

People say, pick yourself up and get an education, but then scoff at any government program that would make that easier for somebody. Why should somebody wanting an education pay 16X the interest rate given to banks?

The biggest thing is the loss of manufacturing and I don't know how we are ever going to get that back. We used to make **** ... now we don't. And when we made stuff people had steady, good paying jobs, and we had a strong middle class.

 

[WVUBRU]

Thats why I said "limited".

Correct. I was adding onto your comment. No need to be defensive.

 

[Popeer]

10% tax on consumption and no income tax, would be the best.

I've said for a long time that we need some form of VAT -- although not to replace income taxes, but if we had a VAT we could certainly lower individual rates. Rich people not only buy more things, they buy more expensive things. The social democracies of Europe all have a VAT to supplement income taxes, and it's part of the reason they're able to keep corporate taxes lower than ours -- VAT is levied on raw materials as well as finished products.

 

[WhiteTailEER]

If govt was forced to function on 10% of the GDP, we would be much better off. A 10% tax on consumption and no income tax, would be the best. Rich people buy more things and there would be no need to find loopholes. In fact, there would be no loopholes. Think how much woul be saved in doing tax returns alone. Sorry CPA's but we don't need as many as we have.

If people making minimum wage made enough to cover expenses and have discretionary income, they would spend more also. I'm not saying it has to be either/or.

 

[WVPATX]

I've said for a long time that we need some form of VAT -- although not to replace income taxes, but if we had a VAT we could certainly lower individual rates. Rich people not only buy more things, they buy more expensive things. The social democracies of Europe all have a VAT to supplement income taxes, and it's part of the reason they're able to keep corporate taxes lower than ours -- VAT is levied on raw materials as well as finished products.

European economies are anemic and you want to emulate them? High unemployment and low growth. Not good. I don't understand the liberals fascination with emulating Europe.

http://money.cnn.com/infographic/news/economy/us-versus-europe-economy/

 

[Airport]

I agree with that and feel we actually need to lower corporate income taxes to keep more businesses here. However, that doesn't mean that anything is going to trickle down either.

People complain about the low-lifes on foodstamps and other government assistance, but many of them are actually trying to work full-time. Why should we, the tax payers, subsidize the profits for Walmart? That's exactly what we are doing. They keep people on low wages and only working part time so that they can keep more profits, but then those people still need help to live and it comes from us taxpayers .... so that Walmart and the Walton family can keep more and more profits. How is that right? I don't know how you fix it without over-regulating everything, but I see that as a major problem.

People say, pick yourself up and get an education, but then scoff at any government program that would make that easier for somebody. Why should somebody wanting an education pay 16X the interest rate given to banks?

The biggest thing is the loss of manufacturing and I don't know how we are ever going to get that back. We used to make **** ... now we don't. And when we made stuff people had steady, good paying jobs, and we had a strong middle class.

Do you own a business? As long as there are more people, unfettered immigration is a big drag on wages, chasing fewer jobs, a direct result of govt programs, there is no reason to offer more. You really don't know about running a business. Regualtion nation is what you see right now.Here's a start for what you do
1.Shut down the ePA
2.Shut down the NLRB
3. Stop illegals.
4.Stop all immigration until we can assimilate those already here. This may take 10 years. We had almost no immigration from 1925-1965. You can look it up if you don't believe it.
5.Get rid of Obamacare. Business are not going to hire more workers if that worker is going to cost way more than he or she is worth.
6. Change the tax code to simplify it. Frees up money for tax payers to spend on something other than a tax return.
7.Finish the housing bankruptcy. You don't cure the patient by slowly cutting his leg off.
8. Realize that if you don't have a good economy, you have nothing and no tax dollars to do anything with.
9. Cut govt size and spending by 10%. I had to cut my business 30% because of the economy, why shouldn't the govt.

 

[Airport]

If people making minimum wage made enough to cover expenses and have discretionary income, they would spend more also. I'm not saying it has to be either/or.

This argument isn't valid because rarely is anyone making min wage. If you are in a min wage job, you don't have any skills and you just went to work. Get rid of the illegals that are forcing down wages anyway. Why are you libs so stupid when it comes to simple business dynamics. Three guys trying to get one job= lower paying job. I remember when the economy was good under bush and burger King advertising job opening starting at $11/ hr with benefits. Unemployment was under 2% here. Does that help you understand why wages are going down?

 

[countryroads89_rivals]

Do you own a business? As long as there are more people, unfettered immigration is a big drag on wages, chasing fewer jobs, a direct result of govt programs, there is no reason to offer more. You really don't know about running a business. Regualtion nation is what you see right now.Here's a start for what you do
1.Shut down the ePA
2.Shut down the NLRB
3. Stop illegals.
4.Stop all immigration until we can assimilate those already here. This may take 10 years. We had almost no immigration from 1925-1965. You can look it up if you don't believe it.
5.Get rid of Obamacare. Business are not going to hire more workers if that worker is going to cost way more than he or she is worth.
6. Change the tax code to simplify it. Frees up money for tax payers to spend on something other than a tax return.
7.Finish the housing bankruptcy. You don't cure the patient by slowly cutting his leg off.
8. Realize that if you don't have a good economy, you have nothing and no tax dollars to do anything with.
9. Cut govt size and spending by 10%. I had to cut my business 30% because of the economy, why shouldn't the govt.

You're a phucking moron.

 

[WVPATX]

This argument isn't valid because rarely is anyone making min wage. If you are in a min wage job, you don't have any skills and you just went to work. Get rid of the illegals that are forcing down wages anyway. Why are you libs so stupid when it comes to simple business dynamics. Three guys trying to get one job= lower paying job. I remember when the economy was good under bush and burger King advertising job opening starting at $11/ hr with benefits. Unemployment was under 2% here. Does that help you understand why wages are going down?

Explaining concepts like supply/demand are very difficult for liberals to understand.

 

[Airport]

You're a phucking moron.

Roads, my wife would probably agree with you but it's exactly that reason that kept me from getting a better wife . Offer a legitimate response. Give your answers to improving the economy. Govt can't improve anything that doesn't take from someone else and limits both parties. The EPA has become nothing more than a tool for liberals and not what it was intended to do. Any regulation by the EPA needs to be approved by congress. That would stop these stupid decisions. The NLRB is the same. How many people do you employee in your business? How much matching taxes do you pay? do you want to pay more? It's there on your tax form if you so desire.

 

[Keyser76]

Explaining concepts like supply/demand are very difficult for liberals to understand.

Yeah, you guys got the lock on academics, I'm sure it is explained in depth to the home schooled.

This argument isn't valid because rarely is anyone making min wage. If you are in a min wage job, you don't have any skills and you just went to work. Get rid of the illegals that are forcing down wages anyway. Why are you libs so stupid when it comes to simple business dynamics. Three guys trying to get one job= lower paying job. I remember when the economy was good under bush and burger King advertising job opening starting at $11/ hr with benefits. Unemployment was under 2% here. Does that help you understand why wages are going down?

Yeah, bring back the Bush economy.

 

[WVPATX]

Yeah, you guys got the lock on academics, I'm sure it is explained in depth to the home schooled.

Yeah, bring back the Bush economy.

Yeah, you guys got the lock on academics, I'm sure it is explained in depth to the home schooled.

Yeah, bring back the Bush economy.

Let me type this slowly so that you can understand. When labor supply exceeds demand, wages go down. Do you want me to explain it in more depth?

 

[Airport]

Yeah, you guys got the lock on academics, I'm sure it is explained in depth to the home schooled.

Yeah, bring back the Bush economy.

Yeah, those jobs weren't very good was what Pelosi and all the libs were telling everybody. I guess no jobs and food stamps is better. Look, I don't disagree that all that great economy was false under Bush because most would come crashing down because Govt was involved in getting people into housing by hook or crook. That's what happens when govt gets involved. Bad things. Govt mandated the banking industry to give loans to everybody that could say hi. See what it did.

 

[Popeer]

Yeah, those jobs weren't very good was what Pelosi and all the libs were telling everybody. I guess no jobs and food stamps is better. Look, I don't disagree that all that great economy was false under Bush because most would come crashing down because Govt was involved in getting people into housing by hook or crook. That's what happens when govt gets involved. Bad things. Govt mandated the banking industry to give loans to everybody that could say hi. See what it did.

Please. The banking industry lobbied for 70 years to get Glass-Steagall repealed so that they could operate the same way banks had done before 1929. The government might have contributed with the rampant de-regulation and the push to turn more people into home buyers, but the government had nothing to do with the big banks doing exactly what they had been begging to do since Glass-Steagall was first passed, which was making loans they knew to be rotten and then selling them as securities. And I don't give a rat that Bill Clinton tries to absolve himself of responsibility by saying one had nothing to do with the other, because it did.

http://www.usnews.com/opinion/blogs...of-glass-steagall-caused-the-financial-crisis

 

[Keyser76]

Eliminate the EPA, corporations always do the right thing, and OSHA? who needs safety rules, the corporation always does right by it's workers, profit margins never get in the way of personnel or environmental decisions.

 

[WhiteTailEER]

Eliminate the EPA, corporations always do the right thing, and OSHA? who needs safety rules, the corporation always does right by it's workers, profit margins never get in the way of personnel or environmental decisions.

No need for the NLRB either ... same thing applies, all you have to do is look at history and it is obvious corporations have always done the right thing without having to be regulated at all. </sarcasm>

EPA, OSHA, NLRB ... there was never any legitimate reason for those organizations to exist. </sarcasm>

We could get rid of them right now and the corporations would know what the right thing to do is and wouldn't put the environment or their employees at risk, ever. </sarcasm>


Damn sarcasm font won't work, I thought for sure that was legitimate HTML code.

 

[mneilmont]

Interesting discussion. It is fairly easy to distinguish liberal from conservative. Capitalist from Socialist. Big government from small government.

Trillions of dollars sitting on sideline. Why? From my experience, I have seen none and read/heard about damned few people who invested their assets to help economy grow or jobs to grow. WHY? The capitalist are a bit greedy. They want to invest for a fair return on investment(ROI). They want to see some certainty. They would need to do a projection(budget) and see the potential for a profit.

What do you see wrong with greed? Plainly, they would not invest/risk what they already in their pocket if they are not going to get a positive return. I found greed by the working man is also desired. They work harder to give themselves the best opportunity to get another payday. If OT is needed to get a desired result, you go to that man who wants a little more. They will normally do what is needed to make a little extra in the next check. Experience talking. Greed is not bad to get investment capital or a little extra labor. Of course greed is bad if safety corners are cut. And that type greed normally returns a kick in the *** with an injury and inspectors/investigators shut the operation down. Of course, there are times that cutting corners practice is mistaken for greed when in fact it is for survival. All enterprises are not profitable, and from practice again, there are times when you take a chance to survive. This is more so with a young company. Mature companies will normally shut down if they see that they cannot survive.

 

[Airport]

Eliminate the EPA, corporations always do the right thing, and OSHA? who needs safety rules, the corporation always does right by it's workers, profit margins never get in the way of personnel or environmental decisions.

The EPA has been used to promote an agenda. Let's make all regulations that evry agency proposes subject to congressional approval. Do you really think that the EPA with it's Snail darter, clean air and clean water that has transformed into cap and trade that is going to kill industry is necessary? Do you think that your electric power comes from thin air? They are designed to put coal miners out of work and reward companies that give the powers in place money. Solyndra? A1 batteries? Surely you can see what has happened?

 

[WhiteTailEER]

I found greed by the working man is also desired. They work harder to give themselves the best opportunity to get another payday. If OT is needed to get a desired result, you go to that man who wants a little more. They will normally do what is needed to make a little extra in the next check. Experience talking

That doesn't cross the threshold of greed in my book. A working class guy trying to make a house payment, car payments, maybe save for a vacation for his family. Maybe they could use some extra money for braces for their kid or something.

I don't have a specific amount that I can give that crosses the boundary into greed ... but if you've already got enough to pay cash for anything you'd want to buy and have your house and everything paid off and have your future secured as well as those of your grandkids and then some ... and then are still screwing people to try to get more ... that's greed.

The working class guy that is looking for OT isn't being greedy ... he doesn't have a secure future yet.

 

[mneilmont]

That doesn't cross the threshold of greed in my book. A working class guy trying to make a house payment, car payments, maybe save for a vacation for his family. Maybe they could use some extra money for braces for their kid or something.

I don't have a specific amount that I can give that crosses the boundary into greed ... but if you've already got enough to pay cash for anything you'd want to buy and have your house and everything paid off and have your future secured as well as those of your grandkids and then some ... and then are still screwing people to try to get more ... that's greed.

The working class guy that is looking for OT isn't being greedy ... he doesn't have a secure future yet.

It fits mine. Someone always wanting more. Willing to do most anything to get a little more. Nobody has to get screwed in the transaction.

When I play the market and have reason to believe the market is over priced. I am reasonably sure there is going to be a correction. Instead of changing to cash at fixed rate, I stay in the market to get the higher return. The correction happens and I lose, I can only blame that on my own greed.

What do you call that?

 

[moe]

The EPA has been used to promote an agenda. Let's make all regulations that evry agency proposes subject to congressional approval. Do you really think that the EPA with it's Snail darter, clean air and clean water that has transformed into cap and trade that is going to kill industry is necessary? Do you think that your electric power comes from thin air? They are designed to put coal miners out of work and reward companies that give the powers in place money. Solyndra? A1 batteries? Surely you can see what has happened?

The most important ones were approved by Congress...Clean Water Act, Clean Air Act, RCRA, TSCA, CERCLA, SARA, SMCRA, etc.

 

[dave]

Yeah, one percent of the people controlling 99 percent of all wealth is a good thing, still waiting on the trickle down. Greed is good but it has nothing to do with anything in Capitalism, lol. Your best bet is to be born on third base.

Pay attention. You could learn a lot. You have a lot to learn.

 

[dave]

The most important ones were approved by Congress...Clean Water Act, Clean Air Act, RCRA, TSCA, CERCLA, SARA, SMCRA, etc.

Clean Water Act was approved but many of the enhancemets to it were not approved by Congress.

 

[Airport]

Clean Water Act was approved but many of the enhancemets to it were not approved by Congress.

Regulations are meant to promote an agenda.

 

[dave]

Regulations are meant to promote an agenda.

The original clean water act was a 40 year plan to clean up pollution. The real problem is some of the regulations that have been enacted in the name of the clean water act.

 

[countryroads89_rivals]

Regulations are meant to promote an agenda.

You watch too much Fox. Regulations are meant for the good of our entire society. You must think every federal agency changes "agendas" every time we have a change in Presidency. That's a huge misconception by the general public; like the IRS "targeting" conservative groups. LMAO.

And regarding MSHA (since some of you want to do away with all federal agencies); there is a guy on trial right now in Charleston, WV responsible for the death of 29 miners.

 

[dave]

And regarding MSHA (since some of you want to do away with all federal agencies); there is a guy on trial right now in Charleston, WV responsible for the death of 29 miners.

Hello strawman

 

[dave]

You watch too much Fox. Regulations are meant for the good of our entire society. You must think every federal agency changes "agendas" every time we have a change in Presidency. That's a huge misconception by the general public; like the IRS "targeting" conservative groups. LMAO.

Yes. The IRS deleted thousands of emails and destroyed 10 hard drives all of which were coincidentally requested by congress and it is silly to think that the IRS did nothing wrong.

 

[countryroads89_rivals]

Hello strawman

You obviously don't know the meaning of strawman. [laughing]

 

[dave]

You obviously don't know the meaning of strawman. [laughing]

I don't? Suggesting people want to get rid of MSHA and all government agencies as the basis for your argument when nobody has suggested either is a classic strawman.

 

[Airport]

You watch too much Fox. Regulations are meant for the good of our entire society. You must think every federal agency changes "agendas" every time we have a change in Presidency. That's a huge misconception by the general public; like the IRS "targeting" conservative groups. LMAO.

And regarding MSHA (since some of you want to do away with all federal agencies); there is a guy on trial right now in Charleston, WV responsible for the death of 29 miners.

Only a fool can't listen to the IRS and the president say it was some rogue agents in Cinncinnatti. Only a fool would believe that. Are you that fool?

 

[Mntneer]

Over regulation kills development in this country. It's not the cost of labor keeping factories from the US, it's the regulations preventing them from being built.

I've got First Energy trying to build a small substation on 1/4 acre of land, a substation on a stone pad smaller than the 1/4 acre. They're being told by engineers that they may need to install dry wells with filtration systems, or a retention pond, and their gravel access road may need to be lined with check dams. All because of the Chesapeake Bay Watershed. This insane notion that rainfall on the 1/4 acre pad is going to have a negative impact on the Chesapeake Bay. So what starts out as a simple way to provide more and better service to people living in rural areas becomes an expensive nightmare because of laws written by those steeped in theory back lacking in practicality.

And don't get me started on the ******** that can be OSHA. Fining a contractor because employees are not wearing life vests while standing in 6" of water is a great example of regulation and power run amok.

You want business to thrive in this country, get the government out of the way.