Seriously. He is making it pretty clear for us. I just can't understand all of the people who are sticking up for him after these remarks. He is blatantly discriminating against people who are from certain countries.carnivorous chicken said:Can we stop arguing about whether this guy is racist yet?
That's good, but interestingly the latest tax changes actually promote overseas manufacturing. Those apple jobs are all good of course but would happen anyway to grow the App business and the data centers were going to be built as well. Steve Jobs made an interesting observation some years ago that the US does not turn out enough production engineers that could possibly be sufficient to fuel the Apple demand, so they have no choice but to manufacture overseas.J-Rod10 said:
He could have closed the tax loophole and brought that many jobs and money back three fold. Instead he is actively fucking the economy. I wonder if the solar tax has anything to do with the fact the Exxon CEO is the Secretary of StateJ-Rod10 said:
Out of curiosity, how can you make a company bring money here that was made overseas, at overseas businesses?doc_rot said:He could have closed the tax loophole and brought that many jobs and money back three fold. Instead he is actively fucking the economy. I wonder if the solar tax has anything to do with the fact the Exxon CEO is the Secretary of State
Timing is everything in this discussion. The tax changes allow companies to make profits overseas and to bring that cash back at a lower tax rate than if they had earned the money in the US. Hence it encourages future profits to be "earned" overseas and actively discourages investment in the US- That's from here on in.J-Rod10 said:That money would have never seen US soil without the tax change. They've been hoarding it overseas for a decade due to nothing more than the tax laws that were on the books.
For it to be promoting offshoring work, as you say, the manufacturing sector stateside is absolutely booming, at levels not seen since the early 2000s.
You cant make them bring the money back, you can close the tax loopholes that allow them to legally evade taxes, then create tax incentives for domestic business generation, that is one of the reasons why the US did so well post WWII. The money we would gain from a strong tax code is more than the paltry amount we will see by allowing multinationals to repatriate money.J-Rod10 said:Out of curiosity, how can you make a company bring money here that was made overseas, at overseas businesses?
yes but typically taxing imports is done to help out a domestic industry, wheras this hurts the domestic solar industry which employs more people than coal and oil combined.J-Rod10 said:He put a tax on imports. I don't particularly have an issue with that. We send stuff anywhere else in the world, the buyer pays a tax to get it.
Nor am I. That was a genuine question.doc_rot said:Im certainly no tax law effciando