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To: LLCF who wrote (37316)11/14/2000 2:38:45 PM
From: GraceZ  Read Replies (2) | Respond to of 436258
 
4.) If I were you I'd ask Heinz and get a REAL opinion!

I read just about everything Heinz writes on the subject. Europeans that choose to work in the US are also a great source of information as to the differences and I've had a few working for me.

So you think that the Europeans are going to voluntarily give up their protectionist policies and forgo their social benefits in exchange for lower tax rates? That's what it would take. You think they are doing that now? I don't think they will do it in earnest until they reach a pain threshold considerably above where the Euro debacle is putting them now.

I listened a few weeks ago to an NPR story about how the Berliners don't want to give up even one of the three Opera houses that are state supported, nor do they want to have them become independent non-profits like some of our art organizations or allow them to raise ticket prices. They pay almost half their income in taxes so they expect to get something from those taxes. To me this doesn't sound like a country about to let the free market decide anything for them.

What it really comes down to is too many hungry people willing to work for less in cheaper countries. Goods that are information based can not be contained within or kept out of countries. Information jobs are extremely easy to move to cheaper locals, ie: India and the software industry.