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<p>[QUOTE=&quot;justafarmer, post: 1085286, member: 3926&quot;]Cloud – you’ll get no argument from me on the cost of regulatory compliance in doing business in the US. What was suggested in a post above is eliminating the Corporate Tax and implementing a consumption tax in its place. A consumption tax is just another name for sales/value added/flat tax. Although such a tax may be fairer; I just don’t see the move having much impact on the problem of the US losing jobs overseas. When debating this issue what we are really talking about, for the most part, is manufacturing jobs. What I suggested in my post above is eliminating the corporate tax would only give US manufacturing a 1% to 2% business advantage over foreign imports. What most people do not realize is US manufacturing already has a significant business advantage over foreign producers. We are rich in natural resources and raw materials and we are the largest consumer market in the world. Yet it is more profitable for business to incur the cost of shipping our raw materials overseas and shipping our raw materials back into this country in the form of finished goods. It is certainly more than a 1% or 2% payoff behind the decision of risking your manufacturing assets and dealing with the corruption associated with doing business in these emerging countries. IMO overhauling the corporate tax structure just isn’t enough to solve the problem and certainly not enough incentive to bring any lost jobs back to this country. Such a move without addressing the other underlying issues could actually prove to be counterproductive. Especially during a period of time when our government is running a trillion dollar deficit. </p><p><br /></p><p>If you want to know the truth, I believe our country will continue to lose jobs no matter what steps we take to make the US business environment more attractive. But we can reduce the bleeding. I am willing to accept some losses. I believe the citizens and workers of these emerging countries will continue to demand an increase in their standard of living. They will continually demand higher wages. They will continually demand better woking conditions. They will get tired of the pollution. They will become wary of the destruction of their environment and exploitation of their natural resources. They will continually strive and push for a life comparable to ours. And in the process continually run up the cost of doing business in their own countries. I don&#039;t see this process struggling along 200 years like it did in the US.[/QUOTE]</p><p><br /></p>

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