Quote:
Originally Posted by OneHungLo
You don't have an understanding of the market. No, the market will not fall because you can't continue to brink back trillions of overseas cash. People understand it was a one time thing. People also understand (most Hillary supporters are in denial) that bringing it back would do good things for the economy. And like I predicted, most companies are raising wages, giving out bonuses to all their employees and are hiring 10s of thousands of employees..all because of tax repatriation.
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So these companies hated America so much they kept the money in other counties.. because they had lower tax rates, and now they are bring it back, because the tax is lower in the USA?.
Does it occur to you that any other country can lower their tax rates as well? I mean if that's all it takes no problems! Its just a matter of how much a Government want's to screw over the population of that country and if they will be dumb enough to fall for it.
Here's my prediction, the list of companies bringing cash back will mirror the bail out lists of the future.
The cash coming back was all but frozen crime money as its all pilfered from other countries, deregulation of bringing corrupt funds in is the cause of the cash windfall more than any tax breaks.
I'm not saying its bad for the USA, you can swim in the cash, we will make plenty more from China anyways.. Just be clear its not coming back due to any Tax changes.