Originally posted by kentonio
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Letting that absurdity pass lets look at the 'claim' that when tax rates were above where they are now business was not going out of country. Firstly understand the us corporate tax rate. As any ****** leftist will attest the conservative talking point that US corporate tax rates are among the highest in the world is deceptive. Point of the matter is the effective tax rate for US corporation is significantly lower than times past and Competitive. Course the effective tax rate is a function of how many deductions can be claimed (read lobbied for). I also would submit it is likely a bit darwinian in that those industries unable to carve out deductions likely move, diminish or fold. Thus what is left is a heavier weighting of industries that can claim exemptions and thus showing a lower effective taxation rate than nominal.
Back to the original equivalence of regulation and taxation, so goes the regulatory effects as well. Those successful at lobbying for their respective cause be they GE, Entergy, ADM et al. can by government mandate create markets out of thin air or prevent competitors from bringing solutions to market. Those not successful at the cost avoidance measures diminish die or move. Once upon a time there were competitive US industries in textiles, appliance manufacturing, and steel. Inability to deal with costs caused those industries to diminish die and ultimately move or be supplanted.
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