Posted on 12/28/2010 10:54:46 AM PST by tobyhill
Corporate profits are up. Stock prices are up. So why isn't anyone hiring?
Actually, many American companies are just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat.
More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside the U.S. UPS is also hiring at a faster clip overseas. For both companies, sales in international markets are growing at least twice as fast as domestically.
The trend helps explain why unemployment remains high in the United States, edging up to 9.8 percent last month, even though companies are performing well: All but 4 percent of the top 500 U.S. corporations reported profits this year, and the stock market is close to its highest point since the 2008 financial meltdown.
(Excerpt) Read more at msnbc.msn.com ...
Although it is quite humerous when they come back crying about intellectual property and patent rights. Aww, well you’re not in Kansas anymore Dorthy. See what the Chinese court systems can do for ya.
Where is here? And what Si(y)dney are you from?
This is not a one party issue..all of them have dirty hands
And we didn’t tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in. But no, we think they should be punished for their overseas profits - unlike most of the nations we compete with.
I have met the enemy and he is us.
Until the price of oil goes up...then they rethink moving their operations back to the states...unfortunately the world markets are increasingly overseas as countries rampup to industrial and manufacturing...so the populace has more demand for goods...thus the US is fast becoming the lessor of the consumer countries.....and moreso other countires. So the need to “sell’ in the US becomes secondary.
Well we need to raise their taxes!
That’ll show um!
/sarc
Well, then the market is actually here, in the USA, which is still the largest market in the world by a large margin. That's true unless a firm produces a really unique product for which there is little or no market in the US.
Maybe you meant that some businesses want to take their US market access for granted and seek market access in much smaller foreign markets which presently have a larger annual percentage growth. Or maybe some of our "free" trade partners require US firms to locate in their country in order to market in their country, or the labor and other costs are so cheap compared to the US that they chose to locate for that reason.
Do you know any US companies that are just abandoning the US since their market is not here, and then operating totally in foreign nations with no desire to export back to the US?
My point was not that companies are abandoning the US market, but that in trying to enter foreign markets, they build plants in the foreign country in order to avoid the trade barriers erected by those countries. Whether there is a market in the US is another issue. Given today's uncertainties about future taxes and regulations, I think a CEO would have to be crazy to expand in the US. However, even if a CEO saw a big market in the US, it would still make sense to invest inside foreign markets rather than produce in the US and try to export, in the face of foreign trade barriers.
We need to stop taxing productivity and raise revenue by taxing consumption. The Fair Tax is the way to go!
More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside the U.S.I cut them some slack, because it was one of their machines that crushed Rachel Corrie.
We need to stop taxing productivity and raise revenue by taxing consumption. The Fair Tax is the way to go!
That will absolutely guarantee that the already-taxed wealth will leave this country once and for all. The Fair Tax is just another wicked Communist scheme to tax already taxed wealth.
Can’t really disagree with anything you’ve said, and by your answer you’ve acknowledged that free trade does not exist in the type situations you address: US firms face barriers exporting to many nations, but not so many if they produce in cheap labor nations and export back to the US market.
That is the sort of one-sided arrangement that has been pawned off on the US public as beneficial free trade for at least forty years.
Naw, in this economic environment, they would probably downsize or just shut down. It's easy to regulate and tax a company to death. It can be done to a country as well.
I said:
"And we didnt tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in."
And I should have said:
"And IF we didnt [because we do] tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in."
“That (Fair Tax) will absolutely guarantee that the already-taxed wealth will leave this country once and for all. The Fair Tax is just another wicked Communist scheme to tax already taxed wealth.”
You can’t honestly believe that. Corporations would no longer be taxed, no capital gains taxes, etc ... would cause a boom in investment in this country.
You cant honestly believe that. Corporations would no longer be taxed, no capital gains taxes, etc ... would cause a boom in investment in this country.
Are you saying that all businesses would also be exempt from paying any tax whatsoever? Because before a company can make a product, it must first tool up. The most difficult time for a business is starting and now you want to levy a 20-30% tax on a startup before it earns its first dime?
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