Intel CEO not happy about corporate taxes

[charrison]

So what happens if the tea party takes control and stops all spending and we get pushed into a depression. Who do I get to blame for making things go to shit?

And do we get to blame democrats for hyperinflation if their spending continues unabated? It is an easy game to play....

 

[JSt0rm]

And do we get to blame democrats for hyperinflation if their spending continues unabated? It is an easy game to play....

I would rather see inflation then depression.

You think you are gonna be spending $500 on a loaf of bread? Show me anyone reputable that thinks we will inflate like that.

 

[charrison]

I would rather see inflation then depression.

You think you are gonna be spending $500 on a loaf of bread? Show me anyone reputable that thinks we will inflate like that.

We are not headed for a depression either.

 

[classy]

sure they made money my african american friend, but that doesn't mean they wouldn't want to make even more money if the opportunity presented itself.

simple question brutha. if you can make $1M by opening up a shop here in the US, vs. $1B by opening it overseas because of lower taxes, which would you pick?

Well my white but not to bright friend, its irrelvant. If I spend a billion here, but this economy pays me a half billion dollar profit. But over seas I spend only 1 miilion, but only make a 200 million dollar profit there. Which would you pick?

 

[Attic]

Of course its wrong because its disingenuous. Intel made over 10 billion last year. So for a company that is making that kind of profit, not gross, but profit, how can the CEO of that company talk about needing even more tax breaks to create jobs. Its pure greed and he needs to slap silly for even saying something so stupid.

$10,000,000,000

And you want more tax breaks, bleep you

Missing the point.


What needs to be done to create jobs in the US and how much Intel made last year are different topics. The CEO is arguing that making business more attractive to operate in the US might lead to job growth here instead of overseas. Given that he is proven he's good at business, his agrument deserves consideration without being sabatoged by misguided attacks on how much money his company makes.

Typical liberal response is to regulate or force their will with the idea it will have a desirable effect. Rarely does the reality of their policy result in the desirable effect it was implemented for.

 

[Acanthus]

Missing the point.


What needs to be done to create jobs in the US and how much Intel made last year are different topics. The CEO is arguing that making business more attractive to operate in the US might lead to job growth here instead of overseas. Given that he is proven he's good at business, his agrument deserves consideration without being sabatoged by misguided attacks on how much money his company makes.

Typical liberal response is to regulate or force their will with the idea it will have a desirable effect. Rarely does the reality of their policy result in the desirable effect it was implemented for.

Disincentivizing or outlawing outright slave labor wages and working conditions worldwide has no downside.

 

[Moonbeam]

In a global economy America is dead. A democracy full of morons and thus run by them can't compete against an elite run government like the one in China. Your lunch is being eaten.

 

[PokerGuy]

Reading this thread is both funny and sad. Funny to see how clueless you lefties are to the realities of the world, and yet so sad because that same clueless mentality is now driving the country into the ground.

 

[classy]

Missing the point.


What needs to be done to create jobs in the US and how much Intel made last year are different topics. The CEO is arguing that making business more attractive to operate in the US might lead to job growth here instead of overseas. Given that he is proven he's good at business, his agrument deserves consideration without being sabatoged by misguided attacks on how much money his company makes.

Typical liberal response is to regulate or force their will with the idea it will have a desirable effect. Rarely does the reality of their policy result in the desirable effect it was implemented for.

No you just can't read.

Otellini says it costs Intel (INTC, Fortune 500) $1 billion more to build a factory in the U.S. than abroad because of a lack of U.S. tax incentives. The company has a multi-billion dollar factory slated to open in China this October.

"You have to weigh the advantages of working here, the security of working here in this country...against that billion dollars."

This guy has no credibility in his statement. If your company is making a multi-billion dollar profit, why do need lower corporate taxes to create jobs? People have criticized Obama for investing money in like road programs. Yes those jobs are temporary and not lasting. But those jobs are at least here and given to the people here. This clown fails to realize that companies like his even given more corporate tax breaks still are not investing here and bringing jobs to this economy. Despite the fact this economy is their bread and butter.

And his quip about a billion dollars more is probably a huge stretch on the truth. More like 250-400 million maybe. And thats due to better and safer operating regulations and we don't run sweat shops here. These greedy pigs are no different than Nike. Have some sweat shop make a pair of shoes in Thailand for $15 and then you sell it in this market for $125. As America we need to just stop buying from these companies, no matter how painful it may be.

 

[PeshakJang]

No you just can't read.



This guy has no credibility in his statement. If your company is making a multi-billion dollar profit, why do need lower corporate taxes to create jobs? People have criticized Obama for investing money in like road programs. Yes those jobs are temporary and not lasting. But those jobs are at least here and given to the people here. This clown fails to realize that companies like his even given more corporate tax breaks still are not investing here and bringing jobs to this economy. Despite the fact this economy is their bread and butter.

And his quip about a billion dollars more is probably a huge stretch on the truth. More like 250-400 million maybe. And thats due to better and safer operating regulations and we don't run sweat shops here. These greedy pigs are no different than Nike. Have some sweat shop make a pair of shoes in Thailand for $15 and then you sell it in this market for $125. As America we need to just stop buying from these companies, no matter how painful it may be.

So company XYZ is based in Australia, and wants to expand their manufacturing base. What is their incentive to come to America instead of going to China? They don't care about whether or not they create jobs in America. They care about costs. America is more secure, has higher skilled workers, but effective tax rates on their new factory would be 10x that of China.

This isn't about keeping businesses in America as it is attracting new businesses to America. China attracts business because it is cheaper. The more we do to make it cheaper to come to America, the more business we will attract.

Hell... people here claim that businesses pay no taxes for the most part anyway in America... why doesn't congress just eliminate the corporate tax in America? That would attract an unbelievable amount of business to America in very short order.

 

[Acanthus]

So company XYZ is based in Australia, and wants to expand their manufacturing base. What is their incentive to come to America instead of going to China? They don't care about whether or not they create jobs in America. They care about costs. America is more secure, has higher skilled workers, but effective tax rates on their new factory would be 10x that of China.

This isn't about keeping businesses in America as it is attracting new businesses to America. China attracts business because it is cheaper. The more we do to make it cheaper to come to America, the more business we will attract.

Hell... people here claim that businesses pay no taxes for the most part anyway in America... why doesn't congress just eliminate the corporate tax in America? That would attract an unbelievable amount of business to America in very short order.

It's simple, if they don't want the high tariffs they can avoid hiring slaves to make their shit.

 

[Acanthus]

Reading this thread is both funny and sad. Funny to see how clueless you lefties are to the realities of the world, and yet so sad because that same clueless mentality is now driving the country into the ground.

Lots of facts in there.

 

[PeshakJang]

It's simple, if they don't want the high tariffs they can avoid hiring slaves to make their shit.

Ok, so should we go to China and say, "Pay your workers more", or should China come to us and say, "Pay your workers less"?

Does America have too high a standard of living, or is China's too low?

 

[Acanthus]

Ok, so should we go to China and say, "Pay your workers more", or should China come to us and say, "Pay your workers less"?

Does America have too high a standard of living, or is China's too low?

I think $1.25 a day with no worker protections or days off might be a bit light.

This isn't about what china thinks.

 

[daishi5]

I think $1.25 a day with no worker protections or days off might be a bit light.

This isn't about what china thinks.

You understand that without that job paying $1.25 a day, they were making more around $0.80 a day? These people are not being pulled out of middle class jobs to work for such low wages. You are not protecting them from reduced wages, you are protecting them from higher wages. I don't have my stuff here at work for the exact numbers, but China has experienced amazing reductions in their extreme poverty levels. I think they made more of a gain in total people raised out of extreme poverty than all the other countries combined.

 

[HumblePie]

What is true is that if Intel did get slapped with so many anti-trust suits all over the world as well as losing so many other lawsuits recently for some really dirty shit they've been pulling for years, they would have more money.

Then again, the dirty shit they've been pulling is what mostly made all their money in the first place.

Again, companies are out for one thing and one thing only. Profit. The fact that many companies are willing to offshore to get practical slaves to earn them money I see as no different than the old aristocrats of Rome or the old plantation owners of older America living high off the backs of slave labor. The fact that these companies are willing to exploit this doesn't ring bells and send alarms off in people's heads? And we want to listen to what these guys say when it comes to politics and how to run the country? Seriously? We know that they will go out of their way to make a buck, even at the expense of biting the hand that feeds them to borrow an adage.

But as others have said, there are ways to remedy all of this obsessive spew of over taxation by corporate figure heads who's agendas are not the best interest of our country and threaten offshoring. One is protectionism and tarriffing the shit of all incoming goods. Make all companies that sell goods in America for profit be taxed on it all and don't allow them to pretend to be a company from the Cayman Islands to dodge all taxes.

I have no problems either with lowering taxes for smaller business and providing incentives to starting businesses here in America. But those incentives are not needed to a company like Intel.

 

[DukeN]

This is a ridiculous statement.

Intel has been on the receiving end of massive tax relief, and incentives from various states/municipalities.

And to all the Tea Party "our jobs are now in India" criers, they are one of the biggest offshorers. Maybe one of the Tea Party loudmouths can pick one - offshoring vs capitalistic freedom.

 

[child of wonder]

Outsourcing is simply an effect of our economy.

Capitalism is driven by profit -- including personal profit. The economic system doesn't care where the profit is derived from, only if it is there. There is no reward for doing something ethically or righteously, only if it generates profit.

I'm not saying this as a criticism of capitalism, just as a matter of fact.

 

[Acanthus]

You understand that without that job paying $1.25 a day, they were making more around $0.80 a day? These people are not being pulled out of middle class jobs to work for such low wages. You are not protecting them from reduced wages, you are protecting them from higher wages. I don't have my stuff here at work for the exact numbers, but China has experienced amazing reductions in their extreme poverty levels. I think they made more of a gain in total people raised out of extreme poverty than all the other countries combined.

All the while our prices didn't fall. But quality and joblessness and our quality of life has.

If you build a pepsi bottling plant in china and pay them $1.25 a day and sell them pepsi for $.10 a can, whatever. That's none of my business.

If you build a pepsi bottling plant in china, close the one in the united states, and then ship the pepsi here. You are betraying your country to exploit slave labor.

(disclaimer: pepsi does not do this, it was a simple example)

 

[BlahBlahYouToo]

All the while our prices didn't fall. But quality and joblessness and our quality of life has.

If you build a pepsi bottling plant in china and pay them $1.25 a day and sell them pepsi for $.10 a can, whatever. That's none of my business.

If you build a pepsi bottling plant in china, close the one in the united states, and then ship the pepsi here. You are betraying your country to exploit slave labor.

(disclaimer: pepsi does not do this, it was a simple example)

in the name of profit, and most if not all companies do this.