Apr 9, 2012

Poor, Downtrodden Corporations!

Ed Gamble, 4/6/12:
Yes, businesses have moved jobs overseas for the past two decades not because of lower labor costs, or to be closer to markets, or to exploit just-in-time efficiencies, but because they knew that the US would have the highest statutory [1] tax rates in the world eventually.


[1] though riddled with tax breaks and loopholes, but don't bug Gamble when he's on a roll!

No comments:

Post a Comment

Please remember that the purpose of Editorial Explanations is to explain and to expand knowledge, rather than to engage in any partisan bickering. All cartoonists are completely correct, in their own worlds.