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"There Is No Job That Is America’s God-Given

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B402 Member Level  Sunday, 06/28/20 10:09:16 AM
Re: B402 post# 40
Post # of 98 
"There Is No Job That Is America’s God-Given Right Anymore"

You still hear it repeated today, at least in some form,,Carly Fiornia's famous quote that equates to screw any Social Contract or any National contract of social responsibility or, for that matter, any world responsibility...that quote is now a firm part of corporate rhetoric and a prime example of Friedman's corporate philosophy in action...

Funny what 1.50hr labor can do not to mention keeping cash outside of the US to avoid taxes. Now repeat this over and over and over and over..The toll it's taken has damaged our country and the world as a whole...

Think Tanks work overtime to convince you that anyone who speaks out is wrong...Use the wealth they hoard to control conversation, devise rhetoric, influence politics, distract and divide, all for one goal...

WALLACE: But, Ms. Fiorina, if the issue is jobs, Senator Boxer says your record is what you did as the head of Hewlett-Packard. And the record shows, according to her -- and it's not just her; the facts are that during that time you laid off more than 30,000 American workers, and many of those jobs went to India and China.

FIORINA: It is true, I managed Hewlett-Packard through the worst technology recession in 25 years. And in those tough times, we had to make some tough calls.

It is also true that, net-net, we created jobs. We doubled the size of the company from 44 billion to 88 billion. We tripled the rate of innovation to 11 patents a day. We quintupled the cash flow. We improved the...WALLACE: But -- but -- but...

FIORINA: ... profitability in...

WALLACE: ... but if I may...

FIORINA: ... every product segment and ...

WALLACE: ... what about the 30,000 American jobs that you let -- you laid off?

FIORINA: You know, every family and every business in California knows what it means to go through tough times. And every family is cutting back, and every business is laying off right now.

I don't say that with delight. I say that with sorrow. But yes, it is true that jobs are being taken out of California. By the way, China fights harder for our jobs than we do. Texas fights for our jobs. Nevada fights for our jobs. North Carolina fights for our jobs.

Texas, Nevada and NC are huge in the use of illegal immigrants...and China, well, we know their hourly rates and here are the taxes they saved to boot...It's a quadruple whammy, personal wealth (jobs), community wealth, local tax wealth and national taxes all lost...

By leaving profits overseas, U.S. companies can indefinitely postpone (i.e. totally avoid) paying U.S. corporate taxes.

As Martin Sullivan of Tax Notes writes, “The U.S. tax system does provide an incentive to locate production offshore.”

McCain adviser Carly Fiorina, former CEO of Hewlett-Packard, is well acquainted with this fact. At Hewlett Packard, Fiorina oversaw the sheltering of over $14 billion in profits overseas, bringing the companies effective tax rate down from 35% to 12%.


Over and over again...Multinationals

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