Monday, July 11, 2011

Will the Obama FY 2012 proposals to reduce taxes in 2013 and increase taxes to the rich endanger your job?

If your company sees it to be better to move shop somewhere else, then they will. I see the good and the bad of everything but also consider that every factory, corporation and shop moved out of a country will hurt the local economy of that area losing the business. Think of it as if a Large Military base moved from a small town to another State. The town that loses it will feel a sharp decline in renters, on-base jobs disappear, car dealerships losing customers, House sales will decline in value, Storage rental units will go dry, hotel chains would suffer, and local gas stations lose revenue. So in comparison large industries leaving the US would have a very similar effect. What happened when 2,170 GM employees lost their jobs? The town lost 10,850 indirect jobs from the backlash and total economic impact to the regional economy from the GM Moraine Plant closure was $705,250,000. What is your take on this?

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