Replies to post #4841 on Distributed Digital Property Board

[aleajactaest]

Hi goin,
I think we're back to our friend Ricardo.

[Blue Fin]

goin fishn,

You say:

"Corporate taxes are a red herring when it comes to reasons that corporations move their operations overseas. The real reason is labor and environmental costs, and governments, like Nigeria, who will go all out to secure the placement of new factories. Corporations just don't want to say so. It looks better to call your political opponents greedy and unwise than to openly admit to your own greed."

Corporate taxes are just one facet, More and more we are going to be competing with India and China and their manufacturing and marketing skills, If we are going to have any jobs left in this country we have to figure out how to help our industries survive. We cannot mandate that our businesses not compete with other countries as that will put our industries into a death spiral that will destroy our economy, in many instances it will become an act of survival, or do you believe General Motors loss of over 2 billion dollars last Q can be attributed to greed?

And:

"While free markets might do many good things for businesses, they are a failed approach in terms of governmental policy"

Free markets and businesses, provide the jobs for the people who pay the taxes that provide the government with revenue to build the bureaucracies that regulate them. Governmental policy = regulation.

I have known who Larry Kudlow is for many years and have a great deal of respect for his opinions.

bf