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Re: n4807g post# 88207

Wednesday, 12/23/2009 11:52:30 AM

Wednesday, December 23, 2009 11:52:30 AM

Post# of 577444
It is inevitable that under our form of capitalism that the race will always be to the bottom. In other cultures while it happens it happens at a much slower pace (Japan for one) and societies can adjust although they have their problems as well. Plus our government has encourages it with favorable treatment under tax laws and subsidies to expand overseas.

You mentioned Digital when I went to work after Bank of Boston. They moved a manufacturing facility to Puerto Rico and saved millions in taxes by our government. We do nothing about off-shore tax havens yet they are illegal and even today encourage expansion overseas though tax subsidies.

Let’s eliminate the tax subsidies and let expansion happen based not on tax savings but prudent business reasoning.


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