timeline of a US Company and Outsourcing and Tax Breaks

[GoodWitch58]

Michael Dell: The Making of an American Oligarch | Mother Jones

Before he became the 15th-richest American, Michael Dell was hailed as a corporate wunderkind. His eponymous computer company's "dazzlingly efficient" factory in Austin, Texas, "may be the best hope of keeping blue-collar jobs in the United States," proclaimed the New York Times in 2004. Recently, Dell Inc. has been better known for gobbling up federal contracts and pulling financial shenanigans to line its executives' pockets—all while exploiting tax loopholes, outsourcing production, and laying off American workers.

fascinating stuff...

 

[scooterbug44]

I'd love to see a timeline like that for all the top federal contractors - my guess is consumers and voters would be quite pissed.

Reason #472 tax reform is needed.

 

[GoodWitch58]

I'd love to see a timeline like that for all the top federal contractors - my guess is consumers and voters would be quite pissed.

Reason #472 tax reform is needed.

I agree. I bet if we stopped up all these loopholes and tax credits that have gone awry, and the corporations and businesses were just paying their fair share, we would not have a "spending" problem.

 

[scooterbug44]

We'd still have a spending problem, but we'd have less of a revenue problem!

 

[GoodWitch58]

I put "spending" in quotes because I am not convinced that we have a spending problem across the board...I know there are places were there is excess and certainly there are plenty of cases of fraud and efficiency; but, if everyone was paying a fair share into the revenue base, the situation would be, as you said, less of a problem and we might see that spending is not the real issue.

 

[idlewind]

I put "spending" in quotes because I am not convinced that we have a spending problem across the board...I know there are places were there is excess and certainly there are plenty of cases of fraud and efficiency; but, if everyone was paying a fair share into the revenue base, the situation would be, as you said, less of a problem and we might see that spending is not the real issue.

Spending includes corporate welfare, agricultural subsidies, bridges to nowhere and unnecessary wars. Yes Virginia, we do have a spending problem. As this article points out however, spending is not the only problem we face.