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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (50527)

8/10/2013 1:49:44 PM

From: koan

Read Replies (3) | Respond to of 85487

That is what the corporations want you to believe, so they can skin you alive. America is still the best place in the world to invest. What you say simply will not happen to any great extent and we have to quit kow towing to the corporations.

We need to make them obey our laws. And we need to break up the banks; and get them out of our congress.

<<

Then you will have less American companies for those laws to affect. They will be overseas companies instead.

And if you try to force that to not happen, it won't work. If you seize the assets of American companies who try to go overseas, you just make the US a less desirable place to do business. If you put in trade restrictions you directly hurt the US consumer and invite retaliation against American exporters.

The only smart solution is to lower the US corporate tax rate.

To: TimF who wrote (50527)	8/10/2013 2:02:55 PM
From: i-node	Read Replies (3) \| Respond to of 85487

>> The only smart solution is to lower the US corporate tax rate. To zero. I can find no rationale, whatsoever, that supports the existence of a corporate income tax at all. The money it raises for government is more than offset by the economic damage it does. As far as I can see, the corporate income tax is there for one reason only: as a free-floating punisher. The cost of compliance, the often perverse incentives, and overall dampening of investment obviously cost the country more than the tax brings in.