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re: Trump's Magic Wand Strikes Again: Fiat to spend $1 billion locally

Posted on 1/9/17 at 9:17 am to
Posted by BugAC
St. George
Member since Oct 2007
53076 posts
Posted on 1/9/17 at 9:17 am to
quote:

yes but they were planning on doing this before Trump, so

why can't we just give a kudos to Fiat?


Let me ask you this, do you really think, a company will spend $1 billion to expand operations locally under a Clinton administration that will preserve the highest corporate tax rate in the world, as opposed to moving to Mexico, amid no penalties to do so under a Clinton Presidency, and pay some of the lowest corporate taxes in the world?

Think objectively, as a business owner, if you had the option of staying, paying exponentially more in taxes to produce the same product vs. leaving, paying a fraction in taxes to produce the same product with no penalties...which would you do? You really buying that Trump's policies aren't factoring into their decision? Really?
Posted by Salmon
On the trails
Member since Feb 2008
83686 posts
Posted on 1/9/17 at 9:19 am to
quote:

You really buying that Trump's policies aren't factoring into their decision? Really?


if they planned this a year ago, I don't see how Trump's policies matter

Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 1/9/17 at 9:25 am to
quote:

Think objectively, as a business owner, if you had the option of staying, paying exponentially more in taxes to produce the same product vs. leaving, paying a fraction in taxes to produce the same product with no penalties...which would you do?


There are many more factors at play here. Where is demand coming from, labor requirements and costs, cost of re-tooling an existing facility vs. building a new one., etc., etc.

With that said, no one should be "celebrating" implementation of "big border taxes" and "heavy relocation fines". They're anti-market tools that hurt companies, workers and consumers.
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