Biotech Values

[poorgradstudent]

OT:

Its better than having all the manufacturers moving overseas because places like Ireland have next to nothing in manufacturing tax...Hell, get foreign companies to have manufacturers over HERE instead of on their own land.

- I think taxes need to be a continual push and pull. Right now, corporations in the US don't need the extra capital from reduced taxes because they're not constrained by their production capacity.

- Until the entire world reaches the level of prosperity of the US, there will always be another country that offers reduced business costs (lower tax rates and lower wages). My cousins in Turkey pay 1/10th of what we do for a can of pop... so are we to lower wages in the US until they're competitive with Turkey's? Are you going to lower the corporate tax rate everytime an industry-hungry, small nation tries to draw a company away? If so, then you should just advocate for 0% taxes right away... but even that won't help because then companies will complain about high wages in the US. So I don't see the logic in your argument; just a reflex that has very difficult long term implications.

- Business confidence is low largely because demands is low. The "administration is killing business" is mostly* gamesmanship between the business community and the government. And not to get geeky, but if you read behavioural science books, it's very clear that people rationalize based on their mood. If demand was up, all these same business people would be singing another tune. You can see that mentality on display on these boards... on up days everyone loves their company, and wants to buy more stock. On down days, they can't believe how they've been swindled all these years by that CEO. So if you're going to make policy based on the emotional swings, you better have a good reason.



* obviously some industries may have a beef.