The Soapbox

BonsackHoo

Joined: 11/17/2011 Posts: 3039
Likes: 5546


Your post identified the major problem: capital is mobile while labor


is not.

Have the current corporate tax rates reached some sort of equilibrium now? I seriously doubt it.

Some countries will cut their tax rates even further (let’s say 15%) in order to attract capital. This will cause capital to go there. Then the US will be losing out. Our 21% tax rates are then uncompetitive. We then cut taxes again to 15% to be competitive. This cycle repeats itself.

This is a race to the bottom where only a few win and most lose.

(In response to this post by BocaHoo91)

Posted: 07/12/2018 at 10:13PM



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Current Thread:
  Lots of specialty textiles are still made in the US -- Tafkam Hokie 07/12/2018 8:58PM
  Globalization isn't the grand design of liberal economists. -- hoolstoptheheels 07/12/2018 7:46PM
  Respectfully disagree with some of your key -- fishhoo 07/13/2018 12:36AM
  I actually don’t think we disagree too much -- BonsackHoo 07/13/2018 08:26AM
  I think we are talking past each other to a degree -- BonsackHoo 07/12/2018 10:06PM
  Be warned: -- hoolstoptheheels 07/12/2018 10:31PM
  Well said. -- Joey Wahoo 07/12/2018 8:24PM
  Bruce was singing about it in 1984 -- wahoo138 07/12/2018 7:39PM
  And Bob in '63. -- Shenhoo 07/12/2018 8:46PM

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