[JourneyOfLife]

My knee jerk response is to be offended and a bit defensive......Byyyyyyyyyyyye! Don't let the door hit you in the *** on the way out.


But if you look deeper most of these people are complaining about tax filing requirements... in reality, they left the US (some of them long ago) and made lives in other countries with foreign spouses or partners. If they are dropping citizenship, they obviously have made their mind up to live in another country permanently. Because doing it only for the purposes of a tax protest is, uh, well, you know.


Why expats are ditching their U.S. passports


The problem is, if it were really easy and legal to game the tax system... everybody would be doing it.

The more recent crackdown (last few years) by the IRS is related to people hiding money in offshore financial institutions.

Here is another article about one case about avoiding taxes if you are interested.

Swiss government peels back bank secrecy rules - May. 29, 2013

[Topspinmo]

I have Nothing to hide

[rp001]

Good riddance. Now get the corporate monies repatriated or they can leave too!

[graciegirl]

Originally Posted by rp001

Good riddance. Now get the corporate monies repatriated or they can leave too!

I don't understand. Many areas give tax breaks to have large corporations come to their area because they provide jobs. Large companies are the mainstay of our economy and deserve the shelters and breaks that they legitimately take in order to continue and grow. They often manufacture, or provide invaluable service to our entire country.


I have never heard them maligned before moving here.


If someone becomes a CEO they make big bucks. What if it were your son or daughter or husband or yourself, I always want to ask people who are so blindly and adamantly against big business.


We teach our children to succeed and to become independent but for heavens sake, don't become rich. That is shameful?

[Golfingnut]

I think MOST Big businesses are in the process of destroying America. Most take and take bucket loads and then sprinkle back just enough to fool the masses.

[gomoho]

How many more people would be unemployed without big business? You have the option to support a business or not - if you don't think a business has fair business practices then don't support them. Fool me once shame on you, fool me twice shame on me.

[graciegirl]

Originally Posted by rp001

Good riddance. Now get the corporate monies repatriated or they can leave too!

I am sorry. I wasn't paying attention. I was defending big business and you were talking about corporations doing business abroad.


Sorry. Knee jerk reaction.


I still think that we lived a very good life because Sweetie worked for a large corporation.

[TexaninVA]

Originally Posted by Golfingnut

I think MOST Big businesses are in the process of destroying America. Most take and take bucket loads and then sprinkle back just enough to fool the masses.

Well maybe ... my issue is crony capitalism where the biggest companies have inside stroke with whatever party is in power, and then use their connections for unfair economic advantage.

The newly elected governor of Virginia is an excellent example of that.

[Bucco]

Originally Posted by TexaninVA

Well maybe ... my issue is crony capitalism where the biggest companies have inside stroke with whatever party is in power, and then use their connections for unfair economic advantage.

The newly elected governor of Virginia is an excellent example of that.

Always been that way. Theo. Roosevelt, when in both terms in the early 1900's spent much of his presidency controlling the influence of large corporations,so it has not changed in over 100 years. Those who shrilly shout do not read history.

Large corporations are both good and bad, but this country simply ceases to grow in any way without these large corporations being major players. To say anything else is ignoring history and facts.

Last few election cycles we hear about tax reform, but it just stops after the elections.

[billethkid]

and why do some believe it is only the "people" who the owners (including stockholders) or operators (CEO is used most often) are the bad, selfish, greedy ones.

The traits being being assigned are present wherever there are human beings. It doesn't matter whether we are talking people with big bucks or who those who have the bigger, better card board box to live in.

It is all well and good for those who have a cause against big business to paint "it" as the bad guys....right? Wrong? Or indifferent.

We all know if it were not for big business many or maybe more accurately most of us would not be where we are today.

I am not defending big business per se'......just noting that the ills pointed out are present in any mix of people.

[Golfingnut]

Originally Posted by TexaninVA

Well maybe ... my issue is crony capitalism where the biggest companies have inside stroke with whatever party is in power, and then use their connections for unfair economic advantage.

The newly elected governor of Virginia is an excellent example of that.

Your so right

[Indydealmaker]

Originally Posted by rp001

Good riddance. Now get the corporate monies repatriated or they can leave too!

Most U.S. companies that move off shore or move jobs off shore are chasing expanded profits. At first that sounds greedy and disloyal.

However, you need to remember that most companies that do so are publicly held corporations. The stockholders drive this constant demand for ever increasing profits, often at the expense of long-term investments and R&D.

Important to note that if you have investments in funds, pensions, UNION PENSIONS, you have contributed to sending jobs and corporate tax revenues overseas.

[Golfingnut]

Originally Posted by Indydealmaker

Most U.S. companies that move off shore or move jobs off shore are chasing expanded profits. At first that sounds greedy and disloyal.

However, you need to remember that most companies that do so are publicly held corporations. The stockholders drive this constant demand for ever increasing profits, often at the expense of long-term investments and R&D.

Important to note that if you have investments in funds, pensions, UNION PENSIONS, you have contributed to sending jobs and corporate tax revenues overseas.

Very sad, but true. I would be easy to dress up Wall Street and those that make money investing money, as American greed. No labor, no crop or product, just gambling on the market and that like Vegas as lazy greed. We have way too many people other than the working man and women. They don't produce, they just use.

[njbchbum]

Just a couple of musings after reading this thread:

I do get a chuckle when our posters start to whine about $$ being 'offshored' in order to avoid paying taxes! Makes me wonder if they are the same posters who promote becoming Florida residents in order to avoid paying a personal income tax here as is paid in other states.

When was the last time a poor person started a new business with lots of employees in the U.S.?

Why do people condemn success rather than aspire and encourage others to be successful?

[Bucco]

Originally Posted by njbchbum

Just a couple of musings after reading this thread:

I do get a chuckle when our posters start to whine about $$ being 'offshored' in order to avoid paying taxes! Makes me wonder if they are the same posters who promote becoming Florida residents in order to avoid paying a personal income tax here as is paid in other states.

When was the last time a poor person started a new business with lots of employees in the U.S.?

Why do people condemn success rather than aspire and encourage others to be successful?

My opinion....they are condemned because they are TOLD they should condemn them.

There is no thought put into it.....we just had an election that had the most money in the history of the USA deposited in one coffer and we applaud THAT, but generally we are told that we should be against big business.

If they disappear, trust me.....we have no economy. Most of this class warfare is simple politics with not logic at all, which does not mean we do not have poor people who need help at times, but their poverty or lack of anything is not a result of the corporation gain.