aceventura3

I am a capitalist and Obama is not a capitalist in the classical definition of the term. Obama believes government is the only answer to problems in the market, no capitalist would agree with that. If Obama is not a capitalist, what is he? And why is he unwilling to say what he is? Why is he not proud of what he is?

$0

There are many reasons why a company may outsource jobs. In the situation you mention, perhaps we can look at the specifics and get a better understanding of what happened. Corporations don't have the motivation to hurt American workers, however, they may have a motivation to maximize ROI (return on investment) and if it is cost effective to outsource jobs it is going to be done (remember capital will flow like water to lowest levels). the responsibility of 'American workers' is to add greater value so that it is not cost effective to outsource. Asking Uncle Sam to 'force' companies not to outsource has risks and will end up costing the consumer (workers are consumers too) so the the net benefit is zero at best.

---------- Post added at 05:23 PM ---------- Previous post was at 05:16 PM ----------

You call it abuse and evading taxes, but many of these companies are directly competing with international companies being subsidized by their governments or who may have lower tax rates. How do you expect GM to compete with Chinese auto companies, if they can't outsource and if the capital they use to compete faces a 35% tax rate when a Chinese company may be getting a subsidy (effectively paying less than 0% in taxes relative to foreign competition).

I think Obama's simplistic rhetoric is harmful and fails to take into consideration the complexities of our international economy. It is more than being about jobs and tax rates, we need US companies to be competitive on an international basis.


How about getting the folks in Obama's administration to simply pay the taxes they owe? That would be a good start.

---------- Post added at 05:32 PM ---------- Previous post was at 05:23 PM ----------

[quote=shakran;2633085]Exactly. The thinking seems to be that anything that gets in the way of corporations making higher and higher profits is a bad thing. That's just silly. [quote]

Let's be real. Corporations either reinvest profits (eventually) or they pay out those profits to shareholders/stakeholders. These shareholders/stakeholders pay taxes on that money. This is about American people benefiting from strong American corporations. Weaken our means of production (or means of generating wealth) from corporations and you hurt American people.

You are kidding, right? Importing and exporting goods and services from one place to another dates back to the dawn of agriculture. Importing goods and service is the equal to outsourcing. In either case you send capital or resources somewhere else in exchange for something else.

the US doesn't have enough people for all of our production needs, in our economy some jobs have to be outsourced.

---------- Post added at 05:35 PM ---------- Previous post was at 05:32 PM ----------

I moved my business out of California because of taxes among a few other reasons. If you look at some statistics of the number of companies that have left California or have expanded outside of California you may change your mind. I would hate to see some major US corporations reincorporate and move their operations overseas.

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