posted on Mar, 13 2014 @ 01:22 PM
Things are falling apart.
Roads, bridges, dams, rail systems. energy plants
One reason why, is because some Companies,
don't pay their fair share.
Sure, they'll do anything to extract every penny
they can form you. They'll use the infrastructure
to their advantage, and hide every penny in offshore
This has been going on for years.
No one has done anything to correct the tax code.
These guys are getting a free ride at our expense.
Article Link :
I know this happens in hotels and convenience stores. I have dealt with businessmen from India, pakistan, and Morrocco, and that is a business model
that many use: buy a moderate priced structure, monetize it without capital investment, then sell.
Take a Holiday Inn Express as an example. You buy it with its branding at $12mil. When you purchase you have to do a "PIP" (property improvement
plan). This is how Holiday Inn promotes and improves their brand: on the backs of the owners, a little at a time. The PIP may have you replace
carpet and some case goods, perhaps improve pool furniture and get the pool resurfaced. Usually a parking lot resurface too. In the end, the
purchase is financed for $13.5mil. It is then operated for 5-6 years with a bare minimum of reinvestment made (basically, just fixing the things the
quality inspector demands repair of in their inspections). You pay your note and make your cash ($300k/month, and up). After your 5-6 years you can
either sell it, or change the flag and keep operating it under a slightly less valuable brand.
I know one guy that does this here, and uses the money to build branded hotels back in India. He has done it for 20 years here. He runs a small,
unbranded hotel and then owns 5 or 6 others that are branded under Hampton, HIE, and LaQuinta. He'll sell them with their flags intact, but will
use the money from them to build 2 more hotels in India. So far he has 7 built in India, and those are what he puts his money back into. They are
his retirement plan. He sucks from our economy and puts it back into his.
And if you really want to see a source of loss for the value of our economy, look at how much our doctors from overseas send home. I know a few of
those, too. Wife has worked for them, and they send 10's of thousands each month back home to fund whatever they are funding there. One was
arrested once for ties to the Taliban. He was sending enormous amounts back to Pakistan.