[snopercod]

There is something grossly unpatriotic about holding a private company hostage to the insatiable appetite of the state.

I beg to differ. Forcing companies to serve the government was considered very patriotic in Hiter's Germany, Mussolini's Italy, Mao's China, and Kruschev's Soviet Union.

[TheDon]

"Stanley Works has no right to abandon their obligations as a corporate citizen of this country," mumbled Rep. James Maloney, D-Conn.

LOL! Straight out of "Atlas Shrugged".

[dasboot]

shrugging.....shrugging....

Politicians are real evil dudes...and stoopid.

[jwalsh07]

No surprises here, fascists do what fascists do and Mr blumentahl is a dyed in the wool fascist.

[Hodar]

...more people haven’t fled Connecticut’s tax burden

Connecticut is #1 in taxes, but the People's Republic of Washington is #2, and we are going to be #1 soon. Despite losing Boeing to Chicago, the demise of the dotcom's and having the worst unemployment in the USA; Washington has plans for additional gas taxes (10 cents a gallon increase), additional transportation taxes, and increasing taxes on electricity, natural gas, and property. Woo-hoo, we are going to drive every company out of Washington; then are going to cry about how unfair it is for these companies to leave. Personally, I'm hoping to relocate this summer. Please God, get me back to Texas and sanity.

[waxhaw]

Excellent comment. Our governments, state and federal, have forgotten what it is like to fear the people. Instead, they have the mindset that we are to fear them. Our Founding Fathers were pretty wise in incorporating the Amendments to the Constitution - we would be wise to constantly remind government office-holders that we consider the Constitution the law of our land... not the office-holders.

[luckyluke]

I am curious. What does a company lose when it reincorporates offshore? If nothing, why don't all companies do it?

[Alberta's Child]

"Stanley Works has no right to abandon their obligations as a corporate citizen of this country," mumbled Rep. James Maloney, D-Conn.

What is particularly ironic is that the State of Connecticut would have fallen all over itself in an attempt to lavish the company with tax breaks and special exemptions if Stanley had threatened to move to Alabama instead of Bermuda.

[Toddsterpatriot]

Bump

[dasboot]

I hope there's a congressional hearing.

Stanley rep: "Do we, the management and stockholders, have the freedom to persue our interests as we deem fit?"

congressperson: "No."

[Britton J Wingfield]

This means that they won't be paying taxes on foreign profits. They'll still pay taxes on profits made in the US. As a cost-cutter, this is sure preferrable to layoffs or moving the factories to China.

[monday]

The US government is already imposing economic santions against companies and individuals wishing to leave the country. How much longer before they ban leaving altogether?

The question must be asked, do people and companies belong to the government of the United States? Do we exist for their benefit That is what the politicians seem to think.

?

[SSN558]

With a corporate tax rate at 40%, and this is just the begining. Then there is social security, resale tax, tax on inventory, etc.....Very few kinds of businesses can stay in business for very long without the special tax breaks from the politicians and that costs $$$$ in the form of campaign contributions and high priced lobbyists.

A tool maker is dependent on heavy capital investment and this is just the type of business that can't stay in business very long in the once great USA. The only way a manufacturing business can profit is from taking government contracts or corporate welfare. More and more manufacturing businesses are becoming service industries that farm most or a large part of the high value added work overseas. The liberals have destroyed the major economic engine of the US with taxes and the lower middle class and poor are the ones that really get the shaft. America can't compete.

[LibWhacker]

Same old, same old from the world's communists: They erect an iron curtain and shoot you in the back if you attempt to flee their tyranny.

[RobRoy]

This country is fascist, and Stanley is doing something about it. More power to 'em.

[Random Access]

I wonder how long it will be before Microsoft gets tired of the BS and starts speaking Canadian, eh?

[VinnyTex]

Gotta love it. Being able to make an economic exit is one of the last things free people have these days to check a tyranical government.

[Thorondir]

Who can blame them, with all the confiscatory taxes, intrusive rules and regulations american businesses have to struggle under? They are just voting with their feet. It's that or die. Blame the liberals, not their victims.

Liberalism must be crushed!
The idea is catching on.

[Bob J]

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[ReveBM]

Please guys, there is another side to this. And both sides are sinister.

We have a corporate class of managers in America who see themselves as belonging to no nation at all, but rather "Citizens of the World". In general, most companies with managers of this type have no qualms about selling "dual use" technologies to Communist China that could be used very effectively against us in weaponry of the future (I don't think Stanley Works is one of them...somehow I don't see the commies taking us out with hand tools).

Everything is the bottom line to them, and mainly it's their personal bottom line. Their stock options. Their salary. Their golden parachutes. Fuck America.

I have a dream of a golden past, which probably never existed...

1) Of politicians who tread lightly on citizenry because they believed in limited government.

2) Of red-blooded American company managers who wanted the best products in the world to be made by American hands in America, and made it so.

=========================================================

See, you guys don't get it. Whether we blame the politicians or the corporate bigwigs we are on a sinking ship. Everyone in power appears to be in it for themselves.

Thank God that Americans like Johnny Mike Spann still exist, or Todd Beamer. Too bad they're dead and can't lead companies or run for office...though they'd probably stay away from that cesspool anyway.

(Sigh)

[jeremiah]

This would not need to happen if we had a FAIR tax system. www.fairtax.org