i'll go with full retard..what's your solution? keep in mind that by low tax i mean no loopholes for GE or any corp, who want to do business or provide any services (yes,goog search is included) in US. + as been said below-cap on CEO's salaries and pay via stock value. the goal is to promote productivity,innovation,employment and creativity..you tell me,how ELSE it's can be achieved..i'm all ears..
Capitalism was creating jobs in America. Post globalization, Capitalism is creating jobs in Chindia. http://goo.gl/8wiUq
There is really only ONE solution... Fundamental Transformation of the jobs environment in the US. America needs to become "business and tax friendly"... to attract businesses to our shores.. to employ American workers.. to be able to compete with Chindia's low labor costs. A. Dramatically reduce the financial and regulatory burden on business. B. Dramatically slash all tax rates in America. Adopt the widest-based lowest flat-rate possible.. C. Dramatically reduce the size and cost of government and government spending. Then and ONLY THEN will America have a chance. Anything else is just Political Circle Jerk. (I think we should adopt a new acronym... "PCJ". Anybody?) "Snowball's chance in Hell", I say. Presuming NONE of the above gets done.... what kind of future can America look forward to? More of what we have now?
yep..and they all(steps above) tight up together. one is not going to work without another. you can't have big gvt with low\flat\fixed tax. and so far i see no interest in that in DC.
HYOOGE caveat after the fact. Of course I am 100% behind a flat-tax and abolition of the IRS, or a restructuring that limits their powers to collection/enforcement of the flat tax. Sorry for the retard comment. I certainly don't think employees should be the only one in the org. paying taxes. Remember that the Supremes state that corps are people too!
Think of the productivity loss that is endemic to the current tax collection system. The system forces US multinationals to move the majority of their productive capacity offshore. The CPA's will be out of a job, but they can go to law-school. F them. You would see a massive surplus by the third year at a 15% flat-tax across the board (individuals and corps). Keep cap-gains at 15% and the current inheritance taxes in place.
exactly.Clinton is the one,who started. remember "surplus" talk? they did achieve the surplus,but on the way there -they tax corps too much(see bar stool economics) and that's where outsourcing starts. it's began with programing and call centers as communications are improved and now even your x rays pics are processed and analyzed overseas. as for CPA's and IRS and their tax code...uggh..leeches..
http://www.bls.gov/lau/stalt11q2.htm Look at the last column of the chart: "U-6" That's the real unemployment rate. Right now it's 16.3% nationally, with all the states listed below. The government usually tells us about "U-3" unemployment because it doesn't look so bad. Of course, it's a huge lie.