How will cutting taxes for the Rich and Corporations stop Outsourcing and Cheap Labor?
PHD asked:
Even if you cut taxes for the Rich and Corporations (or people who make over 250K), why would that stop corporations from using CHEAP LABOR, when corporations can get tax cuts and cheap labor?
Even if you cut taxes for the Rich and Corporations (or people who make over 250K), why would that stop corporations from using CHEAP LABOR, when corporations can get tax cuts and cheap labor?
should we get rid of Unions so that we can lower the minimum wage and pay Americans less?
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Nothing can stop outsourcing. Sorry other places just have cheaper labor period.
Fortunately, we have one of the best higher education systems in the world. People just need to realize that unskilled labor is not going to be viable in the future. Its gone the way of the Dodo, and nothing can stop it. violapast
Umm…what? GJL
I don’t think it would stop any outsourcing at all. There has been plenty of this outsourcing under president Bush although he did give them tax cuts. Bobby
it wont thats how people get rich dooga01
No, my policy would be (completely theoretical, of course) to ban all companies who outsource jobs in excess from doing business in the USA. If you want to outsource jobs, that’s great, but don’t expect your product(s) to hit shelves in our country. Elven Midget
If it is less expensive to do business in the USA there is less incentive to ship jobs overseas. A Texas Tycoon
Try owning a Business yourself. You should be allowed to pay your employs what they are worth. If they are not satisfied, they can get I higher education and move up in the world. Capitalism and pursuit of a dream. That is what built this country. YourLaHire
If you cut the corporate tax breaks from the large corporations, they will simply pull up shop and go overseas. I have seen this happen and don’t blame the companies. It’s the American way to make it the least expensive way you can, when it comes to manufacturing. It is a bad idea. fixitman
Tax cuts won’t, but fines for shipping jobs overseas might make corporations think harder. Ron T
Great question.
It won’t.
HIstory has shown clearly: corporations are like sociopathic people. They always make decisions based on their own gain, that’s it. The people making these decisions always act to expand and increase profits. The only rare exceptions are things where the people at the help active choose to consider humanitarian or ecological concerns… but that’s the exception.
If outsourcing saves money they will do it; you can cut their taxes down to zero it won’t change a thing. The only way to cause corporations to do anything, with regard to human rights, domestic job loss or the environment is to COMPEL them. That’s it. Otherwise they will slash and burn and destroy for their own gain, always. The people making these decisions wouldn’t be doing their jobs otherwise. It’s just how it is. Thanks for this question. Christopher
We should cut corporate tax rates in half! Look at Ireland. They have one of the lowest corporate tax rates and one of the highest tax revenues. Fedex and Ebay are already planning on relocating there.
Ebay alone employs 1.2 million! John
Hmm….it’s a good question but I’m not sure one has anything to do with the other. McCain surmises that if we reduce expenses for the wealthy small businesses and large corporations that they will use that money to expand domestic production or business facilities. They never do. They pay higher dividends for shareholders, bonus executives and stack cash.
Unions really seem to have become misguided in their approach in recent decades. Union leaders seem to want their members to share in all the good times but not take any part of the bad times. I think that Unions still serve a good and great cause but I think negotiations and strike authorizations require some regulations to make them more streamlined and less likely to result in negative outcomes. cleavetoo
we need to stop doing business with places that have sweat shops and no constitution,. just like cuba,. censorshipoffools