> I'd like to see a Federal tax Code change that for every plant you > close in > a relocation to foreign lands your Federal Tax rate increases by 10% > for > that year. Do it consecutive years you get 10, then 15% each year > after. > They would also have to duplicate the health insurance for that > employee and > family that was covered for the next 5 years or until that employee is > insured somewhere else.
Over time I would eliminate the income tax on individuals and businesses in the US entirely, and slap a flat, ad valorum 20% tariff on all articles of foreign manufacture--no favored nation crap or any picking/choosing of industries at a micromanaging level. Double it if the foreign producers are owned by Americans who have moved the jobs overseas. The goal should be domestic production for domestic consumption as much as possible (the gist of the 300 pages before Smith's famous Invisible Hand passage, which has been sorely misunderstood), resulting in continually increased capital investment per capita. This measure--per capita capital investment in domestic labor-- is the sole determinant of the standards of living of a nation according to the very Austrians and all the laissez faire free market economists who advocate increased capital investment in FOREIGN labor today through outsourcing. (Their goal, recall, is not increased American wealth, but rather wage-price equilibrium across the planet and elimination of any distinction between foreign and domestic labor by defining the globe as the whole market. This will surely result in the destruction not just of this nation, but all nations. If you read folks like Bastiat and other Jacobin romantics from 150 years ago, the goal is an "ecumenical, indissoluble union of the peoples of the world". That's all great but as an American my goal is increased freedom, national sovereignty and increased national wealth and power. Hence my advocacy of the traditional tariff revenue system designed by our Founders, which is the antithesis of what they want each nation to adopt.) - Bob > > As stated this is business and for profits that will find their way > back to > the investors. A Board will decline a relocation package to Mexico or > Korea > if it has significant tax impact and or extended health benefits to pay > out. > > > -- > Stephen Russell > Sr. Production Systems Programmer > Mimeo.com > Memphis TN > > 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
