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A Comment on Jobs
| Posted at 08:52 PM on July 27, 2009 |
In the June 2009 issue #17, Crystal wrote a good article concerning former factories and service jobs at the malls.
I believe that the new mall is a perfect example of bad timing. Has anyone else taken a good look at the stores that are already closed? A community needs jobs to keep people shopping.
There are a lot of jobs overseas, where American factories can get better deals on taxes by people who really don’t care about the American economy.
Growth once came from factories in America. Kind and benevolent America has helped friend and foe alike to get prosperous. Isn’t it time to bring the industry back rather than worry about what we can now do to save the dying shopping center or automobile business? Are citizens really supposed to feel burdened with bad news about the economy when 100% of everything we wear is from overseas?
For years, our Congress and Senate have talked about reducing taxes in an effort to foster an economic climate for innovation and investment. We have also often heard about competing on a level playing field with trade agreements.
Excuse me, I need an aspirin.
Steve
Hollidaysburg, PA
Categories: Jobs, Taxes, Opinion
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2 Comments
Check your history. When the US was the premier manufacturing country of the world it also had the lowest corporate income tax. Want to guess where we rank now? We're number one. And then compound that with the state corporate income tax and well you get teh idea. The government wants us to stop smoking so what did they do, they taxed tobacco. Now they want us to not eat so much fatty foods so what do they do they tax it. They taxed manufacturing corporation so what did they do?
Interestingly enough you'll find that many a corporation have active deals in which they are not required to pay those taxes for long, if not indefinite times. For example, Wal-Mart pays next to no taxes, federal or otherwise. At the same time small business owners are taxed ever more heavily to make up for the slack caused by the large corporations not having to pay all their taxes.
More importantly, a corporation exists at the behest of the federal government in order to fill a service gap that the government does not provide. Before the federal income tax was instated, most of the fed's funding came from those corporate taxes and federal bonds. Now, they take it from us, and let the mega-corps reign free.
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