Would you hire people purely out of national loyalty knowing that doing so meant your company would eventually become fiscally insolvent?
Corporations, like any business, are in business to make profits. Jobs are the byproduct of profits, not the other way around. Until U.S. corporate tax rates are cut to globally competetive levels, the corporations will outsource jobs overseas in order to make profits for their investors. Unless capital gains taxes are reduced to globally competetive levels, private capital is disincentivized to invest in America. Until Dodd Frank is repealed, small banks, which make small business loans are going to go out of business because they can’t afford to pay the armies of lawyers and accountants needed to comply with the new regulatory burdens. Unless EPA regulations are reduced to levels that allow manufacturing to become cost effective, there will be no new manufacturing. Until obamacare is repealed, businesses and corporations will not add new jobs because they have no idea what the healthcare costs will be for new hires.
You can blame big corporations all you want for shipping jobs overseas but in doing so, you’re completely missing the point that corporate decisions to ship jobs oversears are a reaction to the real problem. High tax burdens, excessive regulations and big government interference in private businesses and private industries.
https://mjfellright.wordpress.com/2011/10/12/blame-corporations/
With America's 250th birthday as an independent nation coming up in 2026, the big debate…
President Donald Trump and First Lady Melania Trump took several NORAD Santa Calls on Christmas…
European officials and left-wing advocates erupted Wednesday after the Trump administration moved to bar five…
A federal judge reversed President Donald Trump’s decision on Tuesday to strip an attorney’s security…
A federal judge handed President Donald Trump a major victory on Tuesday night in his…
Most Americans still view Christmas as the most important U.S. holiday, according to a recent…