The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (25543)	1/30/2005 2:59:23 PM
From: Wyätt Gwyön	Read Replies (1) of 110194

i forget what post you wrote it in (or maybe you deleted it), but regarding the plutocratic angle of profit repatriation, yes i agree. but when other countries (Asian mercantilists) conversely prop up the USD, that is also highly plutocratic. it is interesting how extreme it has gotten in the US. recently DELL announced it will be building a new plant in North Carolina. the amount of tax credits and other concessions they got (which required, i believe, a vote of the state legislature) was amazing--well into the hundreds of millions. as i recall the local paper said they were seeking zero state taxes for 20 years! now with the Patriot Plutocrat Act, maybe Dell can pay for that plant with repatriated profits taxed at 5%. ain't capitalism great?

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