Growth via Innovation

Discussion in 'Politics' started by Sactowndog, Nov 10, 2012.

  1. Sactowndog
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    Sactowndog Active Member

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    This article shows why without changes we cannot innovate our way out of this economic malaise. Obama's plan simply won't work in the current model.

    Popular Wrench Fights a Chinese Rival - Yahoo! Finance

    What we must have to protect our economy is a capital exportation tax. Simply put if you are generating $1B in Revenue and spending and investing in the US $500M then you will be taxed 35% on the capital exported. Such a tax will make the profitability of these knock-offs much less attractive for companies like Bain.
     

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