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Originally posted by Ellirium113
As prices go up and up we see this more and more. How long before bread and milk are no longer affordable? The whole system is rediculous and should die. Bartering I would have to agree must be the direction everyone should be going towards.
Question if we ship all of our manufacturing jobs over seas what will we have left here in America? Are we not going in the OPPOSITE direction we should be going? Shouldn’t we be bringing manufacturing jobs home instead of shipping more and more over seas?
Originally posted by jam321
Wouldn't you agree that us Americans are also complicit in companies moving their manufacturing jobs overseas?
I hear time and time again where we criticize the companies that are moving our jobs overseas, but yet we continue to support the companies by buying the goods and services they have to offer.
Americans need to learn to buy American and government needs to learn how to compete against countries that offer better incentives.
First off the fortune 500 companies only pay 18% in real taxes. 30% of that pay only around 2% in real taxes. Goldman Sachs only paid 1% in taxes last year. I pay 35% so I pay more taxes than an illusion.
Less than one-fifth of federal revenue is collected by the corporate tax, yet its very existence has been found to lower wages, diminish investment, and slow economic growth--more so than any other tax structure. While other nations have been gradually reducing their tax rates, the U.S. has failed to act, leaving the U.S. corporate tax rate as the second highest among major industrial nations. While other nations are competing for scarce capital by lowering rates, the U.S. entertains potentially anti-growth corporate reforms. The considered theoretical and empirical research literature leaves little doubt that in an open global economy, capital will flow to low-tax jurisdictions, ultimately driving economic growth.
It is imperative that the U.S. not cede this opportunity or its preeminence in the world economy to intransigence by failing to enact sensible reforms to its corporate tax code.