Off-Topic: and don't forget
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Name:
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water_watcher
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Subject:
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and don't forget
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Date:
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7/17/2012 7:17:08 AM
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that states offer significant tax incentives and low cost industrial bond financing, usually with interest forgiveness for up to 5 years, to bring jobs. They get that the jobs more than offset the lost property and state income taxes they offer as incentives due to the compounding effect jobs have on the economy. Something Oblamer does not get.
We are in a global economy, other countries offer US companies incentives to come for the same reason. So the higher business taxes become, the more attractive it becomes to move jobs to where the incentive are ... including other states (ie: Boeing to SC) or other countries.
Lastly our manufactures sell in other countries, just like fishy examples of car manufactures "assembling" in the US. It costs a lot to ship assembled vehicles overseas no matter which way it goes.
I do not know why fishy thinks it is all one way. That is why Oblamers argument makes no sense. It is not always the US manufacturing in other countries and it all coming back to the US. But businesses are capitalist and look out for their shareholders and will go to where they can make the most money, no matter if it is due to labor costs, benefits, healthcare, unions, shipping, taxes, freight, etc. And the same holds true for foreign manufactures coming to the US.
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