Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (73277)	4/20/2010 7:48:58 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

BS, profits flow back in many ways. Once upon a time I worked for BP Oil International in London. My pay came from the hinterlands of the world and when I spent money, the UK government nabbed their very hefty share. <Problem the US has though is lots of profits are not flowing back.. and hence no tax revenue for the US,.. See recent examples of Exxon and GE,.,, > The mistake that the barbarians around the world make is envy of the "evil-doing multinationals who pillage the planet". They are well aware of the money flowing back to HQ but are not so aware of the value transferred in the other direction in exchange for those profits. The reason the 5% of the world who live in the USA do so well is because both they and the hinterlands both benefit from the transactions, capital transfers and profits, with taxes draining to governments of not just the USA but also the local yokels. Mqurice

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