How can we trust corporate America again?
22 years ago a company called Pennsylvania Pressed Metals sold it's business to another small company called GKN Sinter Metals. Around the same time period land donated by a local man who was on his way to dying gave up land to the borough council for a local airport (tourism reasons) and recrational purposes. An associate from GKN entered the borough council meeting one night and gave an offer. Jobs for the town. Plenty of jobs. Under conditions of course. Those conditions were they had to pay no local taxes until the company got on their feet. The "airport" was sold off to them figuring they had good intentions, and a factory was built. Long story short. The "tax break" is up in 2009, and the jobs (where 70% of the town are employed) are slowly getting laid off.They are shipping to China. Ah, China, A country that is doing the same to us, but corporate America is either too stupid to realize this, or they are in on it. By the time 2015 rolls around... It'd cost more to keep an American industry in China, than it cost to have keep it here... Long story short, we're not relocating our "business", we're selling it. Cause any smart business man knows China keeps breaking tax deals, and continue to add seperate taxes beyond the deals, for instance, taxing American corps because we industrialized them, and added to their pollution problem. Sorry kids. The business you have protected and trusted are being sold off, not relocated. By the way, the land under these GKN factories is so tainted, that if the building was demolished, another one can't be built. Nothing can be put there... Which is the reason why a Canadian business denied buying the land. GKN has turned recreational areas into slums. Sorry for any spelling errors. I don't feel like proof reading and the spell check seems to not be working. Oh, and this, as you can see, is happening all over America. Even with the Bush tax cuts they are still relocating. Once the Bush tax cuts are gone, so are those industries, cause we have to tax them now. It's the only way we can get our money out of foreign markets, and back into our own. Luckily, I don't work in a factory.
Asked By: The Names Mud - 9/23/2008
Best Answer - Chosen by Asker
We never could trust them, but some people didn't have a clue about that when they voted to repeal all the regulations that were keeping them in line. Many of them still don't. They call themselves conservatives. We call them morons.
Answered By: sixtiesradical - 9/23/2008
Additional Answers (12)
You can't trust them. You should go ahead and drink some arsenic.
Answered By: FU_AROCK - 9/23/2008
Answered By: Pənny Proud - 9/23/2008
American business is the second most taxed in the world and the first in Government regulation. No wonder they leave for greener pastures.
Answered By: ohbrother - 9/23/2008
Again? I'm not sure why you would have trusted them the first time.
Answered By: Boss H - 9/23/2008
You can't trust anybody but yourself.
Answered By: Your Silly Prince - 9/23/2008
Use a bong... life is soo much sweeter
Answered By: James Bong - 9/23/2008
i trust them almost as much as the mom and pop shops who pay their employees cash so that if they get hurt they cant file for disability cause there is no paper trail proving they ever worked there. or basically i trust no one but myself and my judgment when it comes to my health, safety and money.
Answered By: tiny_lil_hottie - 9/23/2008
We can't trust much of anyone anymore. Corporate america is mainly crooked. I blame the politicians of both parties for allowing this. The democrats in the senate voted a lot with President Bush. Now they hold the majority in the senate so what are they doing about it know?
Answered By: Mind speaker - 9/23/2008
If that company hadnt done that, their competitor would have. We cant compete with china with our high taxes.
Answered By: whiteshugga - 9/23/2008
Interesting and sad... read "Confessions of an economic hit man" by John Perkins... More
Answered By: Subvertor - 9/23/2008
How does one trust an entity whose capitalist ideals exploit humanity? It is all about "Show me the money." Anything else is secondary, if you are lucky.
Answered By: desiree - 9/23/2008
The only way these companies will come back here after they figure out China is screwing them is to keep our corporate tax lower than most every where else. Right now, even with the Bush tax cuts, we have the second highest corporate tax in the world. We need to lower it further so we can entice them back into the... More
Answered By: CM - 9/23/2008
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