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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: TopCat who wrote (4139)	2/25/2004 1:54:44 PM
From: JakeStraw	Respond to of 81568

TC, Lizzie is just airing her sour grapes. The tech sector was just one big bubble waiting to burst...

To: TopCat who wrote (4139)	2/25/2004 2:07:12 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 81568

Of course, you still had your job then so it was a non-issue to you as well. If you had the maturity to discuss this topic without throwing in childish jabs like this maybe people would take you more seriously. BTW I will tell you the same thing I told tonto- I have NEVER seen you on any tech stock board here on SI, ever. Are you REALLY a tech investor? If you were, you would know that the current precarious position wrt offshoring the tech workforce damages the entrepreneurial climate in the US. Lou Dobbs knows it, of course I suppose you would say he is worried about his job and that is the only reason he gives a damn? You can kiss your tech investments goodbye if we don't get a handle on this offshoring BS. We have already lost the capex upgrade cycle, verified recently by Carly Fiorina in her recent call. As far as how to correct offshoring, well it will be challenging. First, I support disclosure of countrywide sales and employee breakdown in the financials. The sales breakdown needs to be in USD, not unit volume. Then, if the primary market is onshore and employee base is offshore (as is the case with say, Oracle)- then these corps should pay a full tax burden at the state and federal level, no benes or perks. Next, the Yuan must be floated immediately, and a restucturing of fica taxes which are discriminatory to the workforce. On the notion of capital investment offshore, remove preferable tax treatment to any offshore plant and equipment. For example today AMD gets the same tax treatment for building a fab in the US as offshore, I would support removing any tax break for offshore investments, in other words if Oracle wants a building in india they pay for it out of cash but not writeoffs, treat the expenditure as if it were employee salaries, same with all offshore plant and equip.