Do you really think that corporations are rushing off to India because of over-regulation in America?
Well, I don't. However harmful over-taxation and over-regulation are, they are not the reason for offshoring entire departments to India.
Cheap labor and the enabling of our government with OPIC funds are the reason. OPIC takes all the risk out of doing business in the Third World, and at our expense in more than one way. It is our tax money used by OPIC. It is our jobs being lost. It is our economy hit after the job losses. It is our trade deficit. It is our small and mid-sized firms being lost.
Is Walmart buying from China because of over-regulation? No, the price of chinese goods is much cheaper than American goods. The Yuan is being devalued by China. Our Congress is doing nothing while our small and mid-sized manufacturing firms are going out of business because furniture and other goods can be purchased for less in China.
The stability and security of doing business within our shores is not in the past. It was paid for, and is still being paid for (in Iraq and Afghanistan) with the blood and sweat of Americans.
OPIC funds are not necessary here, (yet). We are still a stable country with a relatively stable society. Let us pray that it stays that way. A little foresight and activism would go a long way with that prayer.
Do you really think that corporations are rushing off to India because of over-regulation in America?Yes.
Well, I don't.
The First Amendment means that you're entitled to be completely mistaken about facts.
However harmful over-taxation and over-regulation are, they are not the reason for offshoring entire departments to India.
You start off by questioning how harmful over-taxation and over-regulation are.
That might be part of your problem.
The stability and security of doing business within our shores is not in the past.
OPIC funds are not necessary here, (yet).
Microsoft, Dow Corning, Philip Morris, and RJR Nabisco might disagree with you.
We are still a stable country with a relatively stable society. Let us pray that it stays that way.
Oh, yeah. BIG HELP YOU ARE! You'll "pray that it stays that way." Newsflash: it isn't.
A little foresight and activism would go a long way with that prayer.
And so you complain about OPIC.
Of course, corporations get raped by regulation, taxes, and predatory litigation every day in this country. Hell, OPIC is the least America can do in return for all those tax dollars and BS civil judgements they've extorted from the EE-VIL corporations.