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Non-Tech : Kirk's Market Thoughts

COHR 178.34

-10.2%

Dec 12 9:30 AM EST

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gronieel2

To: Kirk © who wrote (1278)	5/19/2014 6:43:48 PM
From: Jerome	1 Recommendation Read Replies (1) of 26769

Ok Kirk, Your taking points have been repeated many times in some of your previous posts. What evidence is there that lowering the tax on repatriated cash would create any jobs? This assumption about job creation from repatriated cash is a giant leap in assumptions, that ius short on evidence. Its most likely to go for corporate bonuses...and possibly some increased dividends. Neither being job creators, Jobs have moved overseas for many reasons... the number one reason is lower wages. Many countries have underemployed researchers that are a bargain compared to US researchers.I have yet to hear any corporate noise about our corporate taxes being so high that a move overseas was necessary. Every company that I follow from Apple to Xerox has plenty of cash on the books in the USA to create more jobs here. (If they chose to do so) I think that its starting to dawn on some companies that if all manufacturing is done overseas.....then who will be left with sufficient income to buy their products. A prosperous middle class is needed......and its been cleaned out by shipping production overseas. As in all things there is a herd mentality that is detrimental to all. Examples....1) Send your manufacturing to China or Bangladesh,.....Put as many employees as possible on part time to minimize labor costs,.....3) Get rid of company funded retirement and health care programs......4) Stash your spare cash overseas (and then bitch about the repatriation fees). I have lived overseas (7 years total) for at least two years ...in three different countries....all three countries had non existent income taxes.......but I would gladly pay my fair share of taxes to live here. ( and not bitch about it) To see how low our corporate taxes are .....follow this link..... thinkprogress.org

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