Blame Corporations?


Would you hire people purely out of national loyalty knowing that doing so meant your company would eventually become fiscally insolvent?

Corporations, like any business, are in business to make profits. Jobs are the byproduct of profits, not the other way around. Until U.S. corporate tax rates are cut to globally competetive levels, the corporations will outsource jobs overseas in order to make profits for their investors. Unless capital gains taxes are reduced to globally competetive levels, private capital is disincentivized to invest in America. Until Dodd Frank is repealed, small banks, which make small business loans are going to go out of business because they can’t afford to pay the armies of lawyers and accountants needed to comply with the new regulatory burdens. Unless EPA regulations are reduced to levels that allow manufacturing to become cost effective, there will be no new manufacturing. Until obamacare is repealed, businesses and corporations will not add new jobs because they have no idea what the healthcare costs will be for new hires.

You can blame big corporations all you want for shipping jobs overseas but in doing so, you’re completely missing the point that corporate decisions to ship jobs oversears are a reaction to the real problem. High tax burdens, excessive regulations and big government interference in private businesses and private industries.

http://mjfellright.wordpress.com/2011/10/12/blame-corporations/

Related Articles

0

Which Ill. Candidates Have Signed Taxpayer Protection Pledge?

With the Illinois primary coming up in only a few short days (Feb. 2, Groundhog’s Day) Americans for Tax Reform

4

The news from Cali isn’t getting any better

“Riverside’s Hillcrest High: What if they built a school and nobody got to go?” A $105 million high school–yes,: $105 million–will

15

Dear Harry Reid: Is Your Ivory Tower Padded?

If Harry Reid’s Ivory Tower isn’t padded, it should be, because he is cuckoo pants. I submit as exhibit A: