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Old July 28th, 2011, 03:00 PM   #24 (permalink)
noah way
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Quote:
Originally Posted by persim View Post
This scenario is completely wrong. The rich guy is not an investor, he is an employer. He pays the employer part of the workers payroll taxes and pays for taxes on his earned income.
GE Healthcare relocates its X-ray base to China

Ford announces new $1 billion plant in India

That a lot of jobs alright. Too bad none of them are in the US. Too bad that GE pays no taxes, and that foreign investment gets a tax credit (otherwise known as a subsidy).
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