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View Diary: Krugman: "The Competition Myth" (292 comments)

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  •  Not at all.... (0+ / 0-)

    What most Americans forget, and you would have been reminded of if you had actually read the link, is that corporations in this country are subject to both federal and state taxes.  This exists nowhere else in the world.  This also places our corporations near the top of the heap for taxes by comparison.

    By the way, since when MUST pro-business policy be anti-common good?  Your assumption leaves little room for ingenuity, and government protection of the little guy.  

    What would YOU do to entice companies to remain and move to the United States?  Leave things as they are?  Perhaps institute tariff's? Yeah, that'll work well.  Give the big bad corporations more incentives to raise prices and screw the American people.

    •  I don't have a solution (0+ / 0-)

      I don't think that pro-business policies have to be anti-common good in general. But I do think that reducing corporate taxes is. Because I believe that in the end this doesn't help anybody except the shareolders of these companies.

      Besides that I think that only very few companies base their deciscions of leaveing their home country mainly on taxes. By far the most important factor is probably the ratio between wages and skills of the workers. And in this ranking the US frankly are at rock bottom without any hope to move up significantly within an acceptable timeframe.

      Therefore your country will have to think about ways to totally alter the rules of the game if you want to stop your decline. Unfortunately the most obvious way to do this is a major war. I hope that your government manages to find and pursue another one.

      The most dangerous worldview is the worldview of those who never viewed the world - Alexander von Humboldt

      by germanliberal on Tue Jan 25, 2011 at 01:53:39 AM PST

      [ Parent ]

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