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Old March 15th 05, 01:57 PM
kenwood_dude
 
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Many of these foreign owned companies pay no
us income taxes, their profits are moved out of USA.

Losses are also sent over to the companies that are
based here but owned by parent companies in
camen islands, tax sheltered countries.


I don't believe that there are many, if any, cars that are made in
____ anymore. I think they are all international.

Back to the issue, as to the foreign owned companies in the USA, while
some of their money is being fed back to the locals, the majority of
the money goes overseas to their bank accounts or other foreign
purchases.

Unfortunately, there is no easy solution that won't hurt someone here
in the US. Tariffs would raise our cost of living something terrible,
blocking imports will cause a higher demand in relationship to supply
causing another price increase. Instead of profit sharing, union
workers want higher wages.

There is no easy solution. What helps one group will certainly hurt
another.