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Caterpiller tells Illinois "shape up or we are shipping out"
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<blockquote data-quote="curiousbrain" data-source="post: 820364" data-attributes="member: 31608"><p>If you eliminated all taxes, but still had to pay a federal minimum wage, all the while the cost of someone over seas was the equivalent of 1$ (or 2, 3, 4, or 5 dollars), why would any corporation move jobs back to this country? I certainly concede the point that taxes are a large issue, but I guess I take issue with the idea that a dollar lost because of taxes is any more evil than a dollar lost because of any other reason - you are still losing a dollar. I guess my point would be that even if you removed taxes from the equation, what an American needs to be paid to meet the cost of living is still too high when compared to emerging economies.</p><p></p><p>However, when it comes to the issues of new businesses starting up, I readily concede and heartily agree that tax rates are pivotal; if they are too high, the incentive is just not there - at least, usually; I'm sure there are some extenuating circumstances where it would still be financially viable to start a business, but I would reckon they are the exceptions, rather than the rule.</p></blockquote><p></p>
[QUOTE="curiousbrain, post: 820364, member: 31608"] If you eliminated all taxes, but still had to pay a federal minimum wage, all the while the cost of someone over seas was the equivalent of 1$ (or 2, 3, 4, or 5 dollars), why would any corporation move jobs back to this country? I certainly concede the point that taxes are a large issue, but I guess I take issue with the idea that a dollar lost because of taxes is any more evil than a dollar lost because of any other reason - you are still losing a dollar. I guess my point would be that even if you removed taxes from the equation, what an American needs to be paid to meet the cost of living is still too high when compared to emerging economies. However, when it comes to the issues of new businesses starting up, I readily concede and heartily agree that tax rates are pivotal; if they are too high, the incentive is just not there - at least, usually; I'm sure there are some extenuating circumstances where it would still be financially viable to start a business, but I would reckon they are the exceptions, rather than the rule. [/QUOTE]
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Caterpiller tells Illinois "shape up or we are shipping out"
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