No more Twinkies - Hostess out of business

[jms62]

Originally Posted by Cannon Shell

The raise the taxes theory on outsourcing companies is a losing solution. Many corporations will just set up more foreign networks, subsidiaries, divisions, etc which will of course drive up consumer prices which of course hurts that same middle class that everyone wants to prop up. The reality is that there is a reason that jobs are outsourced and for the most part it is profits. Punishing business may simply lead to business relocating with more stringent regulations being a factor as well. Corporate tax rates in the US are high already compared to other industrialized countries despite the rhetoric to the contrary. Hell we see states undercutting other states by offering tax inducments and other incentives to get business to relocate within the US.

The best way to reduce outsourcing is grow our own economy because the worse the growth is the more appealing outsourcing becomes. Of course that isnt easy to do especially when the govt appears to be wanting to enforce growth prohibiting practices and the global economy is still so shaky (our own issues contributing to that as well)

"Grow our Economy" . Such a simple solution. Problem is how can you grow your economy when those that purchase goods and services that cause the growth dont have any money? Why? Because their jobs which provide them with money have been shipped to The Third world. One comapnies wages are another companies revenue.

With much respect, your policies of reducing taxes has not worked for many a year. With all due respect you continue to be locked in a 1980's time warp repeating the same tired mantra.

These are extrodinary times and require extrodinary measures. Playing nice with those that have hijacked capitialism require thinking not found in a 1950's Economics textbook which most all of us have been operating from. But as I said before those that make the rules are owned by those that benefit from the rules so we are stymied. It will require a violent uprising for this country to ever get back on track.