Victor,
As you know, my key issue with this matter is with deficits and taxation. I will refer you to the tax facts website to mine the information yourself,
taxpolicycenter.org
But in summation, individuals pay most taxes in this country, not corporations, who pay approx 10%. I am including social security/medicare as a tax, which of course it is.
If you maintain a tax structure like this, with federal budgets being what they are, and you do nothing to support your labor force... allow L1 workers to come here and work while paying no taxes, things like that.... its red ink as far as the eye can see. Which is exactly what we have. 3% deficits are considered "red flags" for the EU and we are way above that, some say close to 6%. We are certainly very near 5%.
It looks like another 6 figure job loss month btw, maybe double last month? Again that is fine as long as 1) our budget gets cut substantially or 2) somebody else picks up the tab to pay the bills.
Fwiw there are actually loopholes available where someone like me, who is a manager of anywhere between 50 - 100 offshore consultants in india, can setup shop in Bermuda, work "here" and avoid taxes in this way. Sortof a similar situation to the L1, work here but get paid in an offshore bank acct scenario. If they can do it, why can't you or me? I sure don't want to be the US budget bagholder.
All of this requires foresight and planning on the part of government and to me they seem like people on this thread, that sortof dismiss this offshore labor tidal wave as just another phase. We aren't going to have an improving jobs climate for a long, long time imho.
BTW notice the oracle numbers today, all other tech companies booming but Oracle will have to work within the confines of their decision to offshore their own customer base. Not too bright. |
