if the corporations themselves pay NO taxes, then those costs don't get passed along to you..
Proof.
When corporations offshored textile mills to China and India, they saved millions in labor and benefit costs. Have those savings been passed on to consumers? Not in any meaningful way. Gap jeans made with .25 cent/hr wages cost $95 dollars. That's pure profit.
If corporations were so altruistic, Nike Airs would cost half of what they do now, thanks to the savings by offshoring manufacturing to Thailand and other third world labor pools.
I have no problem with corporations earning money. But I do not believe in financial anarchy.
I expect to save a little on taxes this year from starting my business. If I buy more equipment this year I will get to write some of that off on my taxes next year. Super. I am a small business, but I still pay taxes on earnings.
That is quite a bit different from large domestic corporations relocating headquarters to a tax shelter to avoid paying any taxes at all. Especially when the same corporation receives federal TARP money from taxpayers. I'm sorry if you find that excusable.
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chiming
no subject
Date: 2009-01-17 03:17 pm (UTC)From:Proof.
When corporations offshored textile mills to China and India, they saved millions in labor and benefit costs. Have those savings been passed on to consumers? Not in any meaningful way. Gap jeans made with .25 cent/hr wages cost $95 dollars. That's pure profit.
If corporations were so altruistic, Nike Airs would cost half of what they do now, thanks to the savings by offshoring manufacturing to Thailand and other third world labor pools.
I have no problem with corporations earning money. But I do not believe in financial anarchy.
I expect to save a little on taxes this year from starting my business. If I buy more equipment this year I will get to write some of that off on my taxes next year. Super. I am a small business, but I still pay taxes on earnings.
That is quite a bit different from large domestic corporations relocating headquarters to a tax shelter to avoid paying any taxes at all. Especially when the same corporation receives federal TARP money from taxpayers. I'm sorry if you find that excusable.