It is not a myth that a corporation gives zero fucks about its host country. A corporation is not a person, it's a terminator whose goal is profit rather than the death of Sarah Connor. Every. Single. One. of those ideas appeal to me on a moral level, but I can't see them being successful on a practical level. Here is my only link to contribute:
As long as we're the strongest economy in the world, we can get away with a lot. The post war period showed this in the surest fashion. When there is no where else to go to make money, a 90% tax rate is acceptable. The raw truth is that we're not the only game in town anymore, and the shipping of various things overseas (jobs, production, entire companies) is a reality we have to contend with now. As much as I want all those things listed and see the truth in his reasoning for why they will work, I just think that is a huuuuge dice roll to make. In 1950, I'd say fuck it, go all in. Now, there are just too many other markets available to start agitating our resident parasites that also happen to keep us in our tedious position as number #1
The myth is that businesses will flee the country if they aren't coddled. We can raise taxes, strengthen regulations, support unions and all those other "socialist" activities that free-market activists swear will drive businesses away without hurting our economy. Both history and current events demonstrate that companies that do this will be in the extreme minority and will be more than offset by the benefits from such policies. Economies are driven by both supply and demand and right now demand is severely stifled. McDonalds isn't going to pick up their ball and take it home because we won't play by its rules. They'll adapt just like the twenty-two other times the allegedly economy-killing minimum wage was raised.
It is not a myth that a corporation gives zero fucks about its host country. A corporation is not a person, it's a terminator whose goal is profit rather than the death of Sarah Connor. Every. Single. One. of those ideas appeal to me on a moral level, but I can't see them being successful on a practical level. Here is my only link to contribute:
http://www.washingtonpost.com/blogs/wonkblog/...whopping-amount-of-money-by-moving-to-canada/
As long as we're the strongest economy in the world, we can get away with a lot. The post war period showed this in the surest fashion. When there is no where else to go to make money, a 90% tax rate is acceptable. The raw truth is that we're not the only game in town anymore, and the shipping of various things overseas (jobs, production, entire companies) is a reality we have to contend with now. As much as I want all those things listed and see the truth in his reasoning for why they will work, I just think that is a huuuuge dice roll to make. In 1950, I'd say fuck it, go all in. Now, there are just too many other markets available to start agitating our resident parasites that also happen to keep us in our tedious position as number #1
The myth is that businesses will flee the country if they aren't coddled. We can raise taxes, strengthen regulations, support unions and all those other "socialist" activities that free-market activists swear will drive businesses away without hurting our economy. Both history and current events demonstrate that companies that do this will be in the extreme minority and will be more than offset by the benefits from such policies. Economies are driven by both supply and demand and right now demand is severely stifled. McDonalds isn't going to pick up their ball and take it home because we won't play by its rules. They'll adapt just like the twenty-two other times the allegedly economy-killing minimum wage was raised.