UTC made $1.1B in profit last year. I think they weren't having a problem with "too costly".
UTX, more like $7.5 billion.
“UTC made $1.1B in profit last year. I think they weren’t having a problem with “too costly”.”
Perhaps though, those numbers could have been exponentially higher without the interference of regulations and EPA demands. I have n idea what their assets or balance sheets look like, but if they made a 1.1b in profit, off of say a 50b operating cost, that’s pretty crappy.
Companies are not in business to provide jobs, contrary to what Bernie Sanders thinks, they are in business to generate profit, as much as possible.
If you make it profitable to create and maintain jobs here in the US, the jobs will return and stay.
Make it so your investment is trivial, or below market returns, and those companies will leave or fold.
It’s pretty simple.
I don’t blame the companies that leave the US for leaving the US, I blame the US for the tax rates and regulations that make it more profitable for them to leave.
Beat your wife and she will leave you, but don’t blame her because she got sick of getting beaten. Blame yourself, in this case, blame our government and it’s insatiable demand for taxes (revenue) and our elected officials desire to over-regulate that which they know little about.