Sunday, October 24, 2010

Liars Lie And Cheaters Cheat.

Multi-national American corporations are sitting on about one trillion $$$ "off shore" and they'd like to bring it back into the U.S.of A if only our government would lower the taxes on it to about, oh I don't know, maybe next to nothing would be nice. They promise to spend it on investments and create jobs along the way. The problem is, they did exactly the same thing in 2004. They promised to invest and create jobs with the money if we lowered taxes on it to 5.5%. Almost all that money ended up in investors pockets instead. Oh no, wait. That was different money. Not the same money they brought back for 5.5%. Doesn't this bring shell games to mind? Anyway, no jobs were created from it. Maybe we should promise to lower taxes to 1% and then when the money is back here, tax it 100%. It's all a matter of trust. I trust large corporations to lie about things like that. I expect big banks and insurance companies to lie like that. I expect politicians to lie like that. I wonder who taught all these folks to lie like that? Was there a course in college called "telling whoppers 101" or "lying like that 102"? It's never been published or promoted that I know of. Must have been spread by word of mouth. If companies who have all this money offshore, as they claim, really saw an opportunity to build, invest and create jobs here, it would only be because they saw an opportunity to make a profit. And believe you me, nothing would stand in their way to get the money here and build, invest and create jobs. Not even high taxes would stop them if there's a profit to be made. No, I think we should write some new laws that say, any money you're holding offshore, you must pay the same tax as onshore plus a transport fee. And if you move you're whole company offshore, then anything you export back to us, we'll put a 100% tariff on it. The reason I think this, is because I think it's time to get tough with these whiners and wieners.

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