I am predicting that with the Obama plan for higher spending we will end up with a depressed dollar value and higher taxes. That can in the end only
mean one thing. I very large capital flight from the US and an economic implosion of epic proportions.
In light of Microsoft corp saying they will move jobs off shore as a result of Obama administration policy I see the start of such a flight
Another point worth a mention is that the capital flight will take not only American jobs with it but American corporations which will become foreign
corporations and not end up paying any taxes at all. There will be no more US corporations of any kind of net worth in the end.
Well, if I were in that position, I would too. Sorry America, this ridiculous government spending and taxation is not helping the economy. You should
give large corporations incentives to bring jobs back into the United States, not force them away. Maybe it is time to leave the good ole' USA.
S & F. I would go as far to say that we should eliminate the corporate tax or lower it to 10%. If we did that business would flock to the USA, and
people would stop taking advantage of tax loopholes. You cant fault someone for avoiding taxes legally. That is just good business.
Wow, sounds like two birds with one stone! Hellish mega corps leave the country, and the government starves from little cash flow. If old bloated
super companys leave, then new ones can form and start new job sectors.
You know it does not take a mathematician to figure out that if you spend more money than you have and keep interest rates artificially low and try
and not raise taxes that you choke the life out of the financial system.
Inflation rises, you have to raise tax revenue from some quarter and then the result is capital flight. There was one and only one way out of this
mess and that was to slash the federal budget to painful levels, reduce the size of government and cut the personal income tax out and return to some
kind of commodity based money system.
Any other course of action was going to result in a complete implosion of support for the dollar and a huge decline.
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