bootlegga bootlegga:
Frankly, Obama's ideas have merit - why are companies rewarded by shipping jobs overseas? Those types of loopholes should be eliminated so that people can get back to work and start paying taxes. His idea for 'international taxes' is a good one too - why let people take their money out of the country to prevent taxes and employ people elsewhere.
The problem is that too many of the ultra-rich are too greedy - $10 billion isn't enough for them, they've got to grow it to $20 billion or $30 billion. Seriously, how much is enough?
I don't have a problem when companies/people do it in a fashion by employing people and making products, but when they ship jobs overseas (and reap the rewards from increased share prices/dividends as a result), they're not really a part of the solution to keep the US on top - they're part of the problem - and a key factor in allowing China to emerge as a global power.
People in the US need to start looking at the next quarter century, and not just the next quarter. The lack of long term vision is killing the US.
Obviously I don't disagree. I wonder how Germany does it. They have high labor costs and taxes. Yet, they are an exporting superpower. We should be looking to emulate them. One thing for sure is that they have a much better trained workforce.