The End Result of Higher Taxes and Increased Regs

Discussion in 'Economy' started by kwc57, Jul 12, 2011.

  1. kwc57
    Offline

    kwc57 BOHICA Obama

    Joined:
    Jul 13, 2009
    Messages:
    12,166
    Thanks Received:
    2,304
    Trophy Points:
    255
    Location:
    Oklahoma City, OK
    Ratings:
    +2,799
    The proof is in the pudding. Look at what is happening in California if you want an idea of what it will be like of Obama and the Democrats get their way.

    States court California companies - Jul. 12, 2011

    California companies fleeing the Golden State

    NEW YORK (CNNMoney) -- Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of California companies are seeking friendlier business environments outside of the Golden State.

    And governors around the country, smelling blood in the water, have stepped up their courtship of California companies. Officials in states like Florida, Texas, Arizona and Utah are telling California firms how business-friendly they are in comparison.

    Companies are "disinvesting" in California at a rate five times greater than just two years ago, said Joseph Vranich, a business relocation expert based in Irvine. This includes leaving altogether, establishing divisions elsewhere or opting not to set up shop in California.

    "There is a feeling that the state is not stable," Vranich said. "Sacramento can't get its act together...and that includes the governor, legislators and regulatory agencies that are running wild."

    The state has been ranked by Chief Executive magazine as the worst place to do business for seven years.

    "California, once a business friendly state, continues to conduct a war on its own economy," the magazine wrote....................
     
    • Thank You! Thank You! x 1
  2. MikeK
    Offline

    MikeK Gold Member

    Joined:
    Jun 11, 2010
    Messages:
    13,190
    Thanks Received:
    1,985
    Trophy Points:
    255
    Location:
    Brick, New Jersey
    Ratings:
    +3,727
    There is something inherently wrong about a corporation having exploited the resources of the United States to build its success and then moving that success to another country. But this problem is easily solved by the imposition of a substantial exit tax. And the same solution could be applied to businesses that grow from nothing in one state and decide to move their successful operation to another state to avoid taxes.

    They should be free to go but not without some equitable payback. Call it corporate alimony. The problem is there are too many brainwashed Republicans whose indoctrinated hatred of taxes of any kind would prevail even if its their own job which is exported to another country -- and I know one such person. She worked for a major bank for over twenty years in customer service. She was let go and her function is now performed by telephone from India. Still she is opposed to government regulations over corporations, or anything else. Because she's been brainwashed and she thinks Rush Limbaugh should be President.
     
    Last edited: Jul 12, 2011
  3. kwc57
    Offline

    kwc57 BOHICA Obama

    Joined:
    Jul 13, 2009
    Messages:
    12,166
    Thanks Received:
    2,304
    Trophy Points:
    255
    Location:
    Oklahoma City, OK
    Ratings:
    +2,799
    Your example is a negative approach. Rather than be business friendly to keep you here, we'll penalize you if you leave. Most will take the one time hit to escape the toxic environment to go to a business friendly place. Businesses provide jobs. We need jobs. Give businesses the incentive to stay here, invest here and provide jobs here and you'll see the businesses thrive and people have jobs. One never cuts their nose off to spite their face unless they want to look stupid. As I said in the OP, the prrof is in the pudding. What has happened in California is what the Dems want to happen nationally. Look to California if you want to see the future of America. It's really plain and simple. Increase taxation on job producing businesses and saddle them with more stringent regulation and it is no longer profitable to continue doing business here. It runs off jobs which runs off the tax base which ruins the economy all the way around. You can't argue with the facts as they are already playing out in California.
     
  4. kwc57
    Offline

    kwc57 BOHICA Obama

    Joined:
    Jul 13, 2009
    Messages:
    12,166
    Thanks Received:
    2,304
    Trophy Points:
    255
    Location:
    Oklahoma City, OK
    Ratings:
    +2,799
    Nobody? Really? With all the folks who want to raise taxes on the wealthy business owning, private jet flying, income stealing CEO's, I figured someone would comment. Are the real life, cold hard facts too hard to dispute?
     
  5. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,924
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,932
    An exit tax! :eek: Man your dumber than I thought. First they are moving to other states! Second, corporations provide jobs, healthcare, tax revenues and prosperity to the states they are in. You think they should be grateful to the State, when in most cases they State should be careful to them!
     
    • Thank You! Thank You! x 1

Share This Page