Why not solve the problem? Why is American labor not competitive? It's certainly not because the coroporation isn't loyal to the nation. If anything, when workers organize into labor unions and force corporations to "hand over the loot" the workers themselves are being unAmerican.
Get Congress to lower corporate taxes. That's a good start. After that, eliminate income tax or drastically lower it. Goods and services get ever cheaper (or you get better goods for the same price- same thing) in the long run. If not for taxes they would get even cheaper and were it not for taxes, your same salary would afford you ever more goods and services. Without taxes you wouldn't have to demand such a huge salary from a company that they couldn't afford to pay you. It's a lot more complex than that in actuality (just as the weaker dollar is more complex than investor fraud scares- there's also gov't debt to think about) but the "Land of the Free" should be the most corporate friendly place on Earth. The US should be a tax haven for the world's corporations. Think about it, if it were that way, you'd have corporations from overseas lining up to get into the country- not out. That equals more jobs. It's not the corporations' fault.
I understand your outrage, but put the blame where it belongs. Harangue anybody you know who votes for democrats, explain it to 'em. Socialism bleeds an economy and it bleeds you. Vote those dems out of office.
There are others to blame besides labor unions. This just a cliché. I like well run and honest unions. I have no respect for unions for government workers. Union membership is way down compared to a few decades ago. The only union growth is with government workers.
Get Congress to lower corporate taxes. That's a good start.
Corporations pay a lower percentage of the total Federal take these days. Lower than in the 1950's which were prosperous. Your taxes are making up the difference. And don't peddle me the baloney that corporations *just* pass on taxes to consumers.
I would raise tariffs on select foreign goods if corporate taxes for industry are increased. I love tariffs.... Gotta run now.
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Who foots the bill for taxes corporations pay, avoid?
| Staff writer of The Christian Science MonitorDid you know that tax breaks for corporations exceed the amount of taxes they pay to Uncle Sam?
Corporations will pay about $136 billion in federal taxes this fiscal year. But, according to a study by Citizens for Tax Justice (CTJ), a Washington research group, tax loopholes will save them $171 billion.
To liberals, that fact illustrates the power of corporate lobbyists to win what CTJ calls "corporate welfare." And, to the delight of Wall Street, the stimulus package passed by Congress this winter will enlarge those loopholes further.
The effective corporate tax rate – what companies actually pay as a proportion of their earnings – will drop 2.5 percentage points, reckons Bruce Steinberg, chief economist of Merrill Lynch & Co. (The rate last year was 22.1 percent.)
What is happening instead is that corporate taxes are fading gradually in their importance. In the 1960s, corporate tax revenues came to 4 to 5 percent of gross domestic product, the nation's total output of goods and services. By 1995-97, they had fallen to about 2.5 percent. This year and next, corporate tax revenues will amount to only 1.3 percent of GDP, figures CTJ.
Who ultimately bears the burden for the billions of tax dollars corporations pay each year is difficult to determine. The subject has been debated by economists for decades. The tax bill might be paid by consumers through higher prices. Employees can have their salaries or benefits cut. Or shareholders may take the hit via reduced earnings and dividends.
It's bad math. These corporations may make some money in the short term, but they are not thinking dynamically.
Look, Polo shirts are made in Taiwan and also with near slave labor on the mainland. The ones made in Taiwan will land at 9 dollars and go directly to the big chains for markup. These shirts will have better quality than the very same design from the mainland. Those shirts land a 4 dollars and go directly to those "factory outlet" stores for a more modest markup. Bottom line, you get what you pay for.
American workers, for all the bad things said about them, are among the very best in the world. Mainland Chicom slaves are not going to buy either the better quality Taiwan Polos nor their own lesser quality versions. Americans, meanwhile will be increasingly unable to afford the American brand, and will choose the even cheaper Chicom Faded Glory brand at their local WalMart. Now Faded Glory gets the earnings and since they don't have to pay squat for the labor, they can build better missiles with which to lob at those stupid, out of work Americans.
I guess patriotism is for suckers, because only the little guy, the one who always goes off to war to defend Exxon's property, ever gets suckered into it. The stockholders, while they demand Uncle Sam come rescue them, never dirty their own hands, and laugh derisively at such quaint notions of patriotism, never mind that they are cutting the throats of their own customer base.
America's death spiral.