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You don't really know anything about BIG business do you?

There are some women here who can't get past the Liberal talking point that all big business is bad. They really know NOTHING about how businesses are run and how important they are to America. Probably couldn't name 5 businesses they would say are too big and why they think that of them. It's all a generality about so called big business that the left has imprinted in their mind already.
What I hear is they believe big business is out to take everything from everyone and prevent the poor from being rich I guess.
Big business actually has nothing to do with the way you live your life. They don't take your money and they don't prevent you from earning money. Only you can do that. The only reason they hate big business is that they feel cheated and are jealous that they do not have what they have. Think differently? Lets hear it.

Answer Question
 
itsmesteph11

Asked by itsmesteph11 at 5:51 PM on Sep. 20, 2010 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (17)
  • The tactic used by some big businesses to move off shore (thus avoiding US corporate taxes which HELP our economy) and eliminating  family supporting, American jobs in the process,  does not seem overwhelming American minded IMHO. Has that prevented me from succeeding? NO- My husband and I are still gainfully employed, so no jealousy or a feeling of being cheated here. What do you find so altruistic about a Co living the US of A for gr$$n$er pastures and cheap foreign labor devoid of HC benefits? How do these COs help the American economy and American workers in general? Is your last name Walton?

    Sisteract

    Answer by Sisteract at 6:01 PM on Sep. 20, 2010

  • Here's some Cos:
    G.E.
    McKinsey and Co
    AT Kearney
    JP Morgan Chase and Co
    Citibank
    Merril Lynch

    Here's a great read- Take this Job and Ship It-
    Sisteract

    Answer by Sisteract at 6:06 PM on Sep. 20, 2010

  • U.S. tax rules let companies defer paying corporate rates as high as 35 percent on most types of foreign profits as long as that money remains invested overseas. The reason above is why they push off shore- add cheap foreign labor and zero Health and Welfare benefits and it's a no- brainer.


    Not sure how the aforementioned helps the American economy or the average American worker-

    Sisteract

    Answer by Sisteract at 6:10 PM on Sep. 20, 2010

  • Taxation


     There is no form of taxation in the Cayman Islands relating to individuals, corporations or trusts.

    Sisteract

    Answer by Sisteract at 6:15 PM on Sep. 20, 2010

  • The tactic used by some big businesses to move off shore (thus avoiding US corporate taxes which HELP our economy)


    Are you familar with the Laffer Curve? I encourage you to prove this statement WRONG? "In most countries, corporate rate cuts have coincided with rising tax revenues" Or have you ever read about the research from the Org for Economis Co-Operation and Development(OECD) and their extensive findings from 1980 to 2005. They found that increases to corporate tax rates in the OECD (looking at other nations including the US) above 26 percent tended to reduce government revenues.

    grlygrlz2

    Answer by grlygrlz2 at 6:16 PM on Sep. 20, 2010

  • www.ocra.com/jurisdictions/caymanislands.asp
    Sisteract

    Answer by Sisteract at 6:16 PM on Sep. 20, 2010

  • *Economics...
    grlygrlz2

    Answer by grlygrlz2 at 6:17 PM on Sep. 20, 2010

  • Unless the corporate tax is cut to ZERO, like that in the Cayman Island,s there will be ZERO tax incentive for those businesses to return- that ship has sailed (and American jobs with it).
    Sisteract

    Answer by Sisteract at 6:19 PM on Sep. 20, 2010

  • Well, that was 2 that the gov hasn't been talking about. Good start Sister.
    Yes, it could be a difficult thing to get these businesses back but raising the taxes is what encouraged them to leave in the first place and it isn't going to bring them back. Republicans don't raise taxes on big business so we know who pushed them out. Liberals who hate big business. That really worked well didn't it. How can you say that raising the costs on businesses is good. You just pointed out what happens when you do?
    Once again, as for bringing them back, it may be a challenge but it can be done. We bring businesses to TX all the time even during this recession, TX has brought more businesses to the state than any other. If a business thinks it can do well in an atmosphere then it will and they WILL come to the states. They may not relocate headquarters here but most are happy to grow the business. Any biz is good biz.
    itsmesteph11

    Comment by itsmesteph11 (original poster) at 6:32 PM on Sep. 20, 2010

  • The only reason they hate big business is that they feel cheated and are jealous that they do not have what they have.

    ***
    BINGO!! And of course individuals who have more than they, REGARDLESS of how generous they are to charities.
    LoriKeet

    Answer by LoriKeet at 8:00 PM on Sep. 20, 2010

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