Nov 222010
See, this is what I’m talkin’ about…
The Irish government has been given a stark warning from some of the biggest American companies in Ireland on the risk of a mass exodus if the country’s low corporation tax rate is raised.
A lesson the Irish should take to heart from America. If our corporate tax rates weren’t so damned high, none of these companies would have moved to Ireland. If Ireland raises their corporate tax rates, the companies will pull up stakes and move again, perhaps to India or China. It’s sad when China is a better place to do business than the Western countries, but the West has only itself – and its greedy collectivist governmental systems – to blame.
12 Responses to “The Strike: Irish Edition”
Sorry, the comment form is closed at this time.
Hey look – for around a decade there it almost looked like Ireland was going to become a prosperous and lucky place to live…that would be _so_ far out of historical character for my ancestor’s land that it might have destroyed the entire innate Irish worldview if it actually had occurred.
Now things are all fucked-up and falling apart again.
Ah, there’s nothing like the good-ol’-days that our forefathers of great memory sang such beautiful songs about.
Shar, and if that’s not the truth. š
Yes, the EU will demand such success be crushed as park of their bail out funds.
Its a shame when western corporations shrink from their social responsibilities to pay tax and flee to other nations, particularly gaddam it, SOCIALIST nations like India and China! Oh, the contradictions! Oh, the hyprocrisy! What a joke!
The highest “social responsibility” of a corporation is to make a good long-term profit for the stockholders. Sadly, many western government have shirked their “social responsibility” by driving corporations out of the country with ridiculous taxes.
No, the social responsibility of any organisation is to care for its workers. It also has to shoulder some of the burden that a failed economy has placed on ALL society. Running off to a SOCIALISED country like India or China (oh, the sweet irony that must be for you! š š ) does no one a service, let alone their customers and their employees.
That you appear to have failed to grasp that just goes to show how much you’ve failed to understand modern, liberal democracy. Perhaps you need to go back to school?
> social responsibility of any organisation is to care for its workers
And it does so by maximizing profit. more profit = more work.
> Running off to a SOCIALISED country like India or China (oh, the sweet irony that must be for you! ) does no one a service
It seems to do those companies, and their stockholders, the service of minimizing the damage produced by punitive Western taxation rates. While India and China may have even higher rates, the local labor is a lot cheaper. The companies run the numbers and in many cases determine that they are better off elsewhere.
Assume there are two cities, side-by-side. Chicago and Gary, let’s say. And while all else is equal, the tax rate in one city is 10%, and the tax rate in the other is 20%. Wherer would you set up business? If you were already set up in the city with the higher taxes, but you just cannot make a profit and are running a permanent defecit… do you shut down and lay everyone off, thus adding toe the welfare burden, or do you pack up stakes and move to where you *can* make a profit, and employ people there?
The fact that you have misunderstood basic economics speaks much about your positions.
> And it does so by maximizing profit. more profit = more work.
Without workers to do the work, guess what happens to profits? A 1% loss in profit will not harm the bosses but they’d rather cut workers by 10% than suffer even that much loss.
> It seems to do those companies, and their stockholders, the service of minimizing the damage produced by punitive Western taxation rates. While India and China may have even higher rates, the local labor is a lot cheaper. The companies run the numbers and in many cases determine that they are better off elsewhere.
Which suggests they are not good social citizens. They are not interested in improving the lot of those poorer workers, they wish to exploit them.
>The fact that you have misunderstood basic economics speaks much about your positions.
I know a great deal about “basic economics”. I am not a capitalist, that is all.
> Without workers to do the work, guess what happens to profits?
Profits go up. yay, automation!
> Which suggests they are not good social citizens. They are not interested in improving the lot of those poorer workers, they wish to exploit them.
You say “exploit,” I say “employ.” How many of these exploited workers would rather not have the jobs at all?
> I am not a capitalist
That’s clear. And it’s sad, since there has been as yet no economic model that has approached capitalism in terms of maximizing fairness, wealth, prosperity.
As we have seen, capitalism is dying. Good riddance.
“capitalism is dying” has been the mantra of the socialist longer than “Darwinism is dying” has been the mantra of the Creationist. And for even less reason.
Looks to be coming true finally. I see more capitalist economies in failure mode than healthy mode. It was capitalism which created the GFC. The GFC will be its deathnote.
“The people’s flag is deepest red,
It shrouded oft our martyred dead,
And ere their limbs grew stiff and cold,
Their hearts’ blood dyed its ev’ry fold.
Then raise the scarlet standard high.
Within its shade we’ll live and die,
Though cowards flinch and traitors sneer,
We’ll keep the red flag flying here.
Look ’round, the Frenchman loves its blaze,
The sturdy German chants its praise,
In Moscow’s vaults its hymns are sung
Chicago swells the surging throng.
Then raise the scarlet standard high.
Within its shade we’ll live and die,
Though cowards flinch and traitors sneer,
We’ll keep the red flag flying here.
It waved above our infant might,
When all ahead seemed dark as night;
It witnessed many a deed and vow,
We must not change its colour now.
Then raise the scarlet standard high.
Within its shade we’ll live and die,
Though cowards flinch and traitors sneer,
We’ll keep the red flag flying here.
It well recalls the triumphs past,
It gives the hope of peace at last;
The banner bright, the symbol plain,
Of human right and human gain.
Then raise the scarlet standard high.
Within its shade we’ll live and die,
Though cowards flinch and traitors sneer,
We’ll keep the red flag flying here.
It suits today the weak and base,
Whose minds are fixed on pelf and place
To cringe before the rich man’s frown,
And haul the sacred emblem down.
Then raise the scarlet standard high.
Within its shade we’ll live and die,
Though cowards flinch and traitors sneer,
We’ll keep the red flag flying here.
With heads uncovered swear we all
To bear it onward till we fall;
Come dungeons dark or gallows grim,
This song shall be our parting hymn.
Then raise the scarlet standard high.
Within its shade we’ll live and die,
Though cowards flinch and traitors sneer,
We’ll keep the red flag flying here.”
š š š š š š š