How long to you think the rich are going to float the bill before they leave the US with their money?
by Mortgage Rates on Sunday, October 17th, 2010 | 9 Comments
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darn those republicans – how dare they not want to support the lazy 3 generation welfare recipients!
1. We could have done without that list
2. I moved all my money off shore 4 Novemeber
3. I am not super rich, but have a business with over 30 workers. If they try taxing me anymore the first thing I will do is stop supplying full medical and dental, the feds can take it over. If they still try and add fees and taxes I’ll close up shop and retire to Andorra or Costa Rica.
where do you get your info? albertsons is still here they deliver my groceries every week to my home. verizon is still around i have them. so is bank of america, target, sprint. a bunch you listed are still here.
Most of these companies moved some of their operations overseas under the Bush administration before Obama became elected. Some on the list still have offices here in the US and have a US presence.
This was not a result of who was elected president.
Like nobody moved overseas during Bush’s terms with all the tax cuts.
They took the tax cuts and got the tax breaks and still moved their companies overseas.
It ain’t the taxes, it’s the payroll.
The blind will never see….. but take they will continue, till it runs out!
I am confused. Aren’t we supposed to hate corporations? Isn’t it good that the bad guys are leaving? We will be happier and proud we got our way. We won!
I’m not really a specialist in this area at all, but I get the impression a lot of the issues that we are all experiencing now are because of fraud in the American investment scene.
If I was the president of a traded company and found that my company had been losing out on because money intended for legitimate investment in companies like my own had been stolen, hidden and not invested, I’d be wary as well. Certainly, I’d consider moving to a locale where there are controls in place to protect the business, it’s investors and employees (even if they sadly have to be new ones). Commitment to the enterprise sometimes takes precedent over loyalty to a location.
I wouldn’t be too quick to fault the businesses; they are most likely making sound decisions to protect their own enterprises. I would be quite quick to fault the rich who stole investors’ money and rode their unearned yachts into the sunset.
I also think that we’ve only scratched the surface to the fraud. I think there’s much more than we could ever had imagined and that the proverbial $hit will hit the fan regularly over the next while. Know a hedge-fund manager anyone?
On an aside, I believe it was men like McCain who allowed this ridiculous problem to begin and continue.
Even my husband’s company(pretty well known) was preparing what to do the day Obama was nominated… How scary is that.. Layoff threats began the following week.. Now he has to work nights and weekends to stay under the radar. that is an extra 15-20 hrs a week plus the 50 he already works m-f. Of course he is salary so he only gets paid for 40.. If he doesn’t do this he will be on the list of who goes first. I know big companies can be bad, but giving the big evil monsters a tax break to keep them from going somewhere else makes more sense than throwing billions of dollars at companies that mismanaged their finances until they could no longer hide it from the public… These companies should have to suffer the consequences. They in fact created the problems.. We won’t get bailed out if my husband loses his job.. We will have to find a way to pay the mortgage, food, utilities etc..