Quote:
Originally Posted by nikimcbee
If he were to go after the tech industry, that would be a major torpedo hit to the West coast economy. Oregon would blow up and sink, Kali-fornia would start listing, and I'm not sure what would happen with washington. (microsoft)
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Niki, you are spot on correct. Obama doesn't understand that many of the Silicon Valley companies in Cali and the West coast are conducting some business aspects abroad already due to the continuing punitive business tax situation in this country. If he gets his way, the ability of companies to develop business cost models that enable sustainability and growth suffers. Obama's tax policies are a disaster for the private sector business model. Government meddling, and increasing taxes like this will result in only one thing.......high tech job losses and less innovation in the private sector. I find nothing sensible in this. And the fact that the Obama administration is full speed ahead with things like this worries me.
The thing that makes me chuckle sometimes when I go to the Bay Area(Silicon Valley) is when I see some beady little eyed liberal driving around in a Prius, with an "Obama" bumber sticker and a logo of the high tech company they work for. What nitwits. If Obama gets his way, these types will definitely see strain in their companies financial outlooks with possible downsizing measures. If their companies revenues fall, their taxes increase, and job retention company wide becomes more costly, they will have to realign their companies resources and reduce costs.....meaning reduction in force. These types will only have themselves to blame.