To some people this is super old news...but I sure didn't know about it until today. I only post this, because I think it's something every American should know, remember and absolutely never forget.....

http://abcnews.go.com/WNT/Business/Story?id=2942429&page=1

http://www.nytimes.com/2007/03/12/b...mp;th&emc=th&oref=slogin

I guess I just can't understand or stomach the idea of Halliburton of all companies...the one company that profitted off of this war and our dead troops, literally telling our country to go F itself as they move overseas and cease to be an American Corporation.

I mean, what could a defense contractor possibly do that would be a worse slap in the face of every war fighter, of every person who supported Bush and Cheney (ex CEO of Halliburton) and every citizen who supported this war and supported and allowed the no bid contracts that allowed Halliburton to make tens of billions.

God...I'm just so disillusioned right now. It's not so much that this surprises me. It's the fact that these people just don't even care anymore if they do anything that hurts our country.

We literally handed them tens of billions in no bid contracts and they literally flipped us off and took their headquarters, their business...oh and by the way..any U.S. secrets or technology they might possess...and left America.

That's right. These guys were a major contractor to our U.S. military, but there is now NOTHING the U.S. can do to stop them from divulging our technology or our military secrets to anyone they want. We have no juristiction or control over them at all.

I just want to <img src="/forums/images/graemlins/barf.gif" alt="" /> now.

Mark my words, you're going to see a lot more companies move their headquarters overseas. Dubai is a city that is being built specificly for this purpose. It's new switzerland, except for instead of holding cash and reserves, it will be the holding state for global corporations.

Welcome to capitalism. I'm surprised you're surprised.

Shoot them all in the head for treason!

Did you hear that you commie bastards?






There, i just made the short list. <img src="/forums/images/graemlins/lol.gif" alt="" />

Yeah, business is business. That's no more "un-American" than the thieving pigs that helped cause the financial situation the country is facing. Although, maybe that IS actually "American", and I just don't want to admit that "American" doesn't always mean right. <img src="/forums/images/graemlins/frown.gif" alt="" />

No actually Haliburton ran on a cost plus/no bid basis which is completely contrary to free market enterprise, pretty much Communist actually. They completely raped the taxpayer while trying to say they "served" the country. <img src="/forums/images/graemlins/barf.gif" alt="" /> <img src="/forums/images/graemlins/barf.gif" alt="" />

If any other business ran that way they would be turned in to the BBB.

"American" means a true free market system to me but thats been completely perverted.
web page

No surprise to me whatsoever. Taxes are way too high here. MANY companies are looking at moving HQ overseas to escape the taxes, including a VERY large company here in MN which you ALL know very well. Do I like it? No. Will Obama blame Bush? Yes. Is it a partisan issue? No. Taxes and regulations are too high and too restrictive. Bottom line. It will accelerate with Obama in office, assuming he keeps his (ever flopping) promises to raise taxes.

Future prediction,,,Cheney moves to Dubai to avoid extradition for prosecution...

Let me ask you a question:

You live in State 1, near the border.
If you moved across the border to state 2 you could cut your taxes by 50%.
You keep your same job, at the same pay, but cut your taxes 50% by moving 10 minutes away.

Would you do it?

If you said yes, then you understand why Haliburton moved. There is no federal corporate income tax, only the equivalent of state corporate taxes. If Haliburton moved into one of the Dubai Tax Free zones, then they cut their taxes 100%

Would you move to the next state if you never had to pay taxes again? Plus your highest paid workers get out of many of the employment taxes.

Welcome to the global age. The USA has the 2nd highest corporate tax rate in the world. The only one higher is Japan (except in some USA states with high state taxes), and they've been in a slump since 1986, despite how well Toyota and Honda have been doing.

Most 1st world nations with lower tax rates actually collect more money, usually because taxes are fair and across the board. But stumping for lower taxes on corporations doesn't get politicians elected. The average voter is too ignorant to see the bigger picture. It's a basic law of economics (Law of diminishing returns) combined with basic politics (special interests and political donations = loopholes) with a helping of voter ignorance/apathy.

California has a $22.2 billion (and growing) deficit, just lost a lawsuit and has to pay for $8 billion in prisoner health care, and for over 8 years despite immigration and colleges churning them out, has suffered a *loss* of college educated citizens as jobs have grown more technical. Texas, with zero state corporate tax, zero personal income tax, a tough property tax that acts as a disincentive against property speculation, has a growing economy and a surplus.
Data source: http://www.cbpp.org/1-15-08sfp.htm

We don't need any more studies, real life has given us the answer: Lower, fair taxes free of loopholes work the best. Just remember who is at fault: The average American voter who does not take the time to
- educate themselves
- vote 99% of sitting politicians out of office.
- Support only 3rd party candidates or fresh, new dems/repubs that stick to fiscal discipline and what's best for the country first.

America the Uncompetitive

Really UAE is growing and these big companies move around after they fleece a nation. Also a company based on war does not want their assets based in the country at war. <img src="/forums/images/graemlins/scared.gif" alt="" />

How do think we pay for all the nice crap we have here in the good 'ol USA? Do you think freeways and aircraft carriers are free? Don't you think Halliburton benefits from all that tax money spent that they now don't want to pay...who do you think paid for the war?

The only reason Dubai doesn't have high taxes is because they are like Alaska. They get it all from their natural resources. It's not like they run a fisically responsible government. They are literally building the most expensive super city in the entire world, almost all via government funds.

Sure, let's cut business tax down to nothing, then tax us even more and borrow the rest...sounds like a great plan.

Sorry, but it's a bit of an emotion day. I'm watching our economy, our stock market and our country pretty much go down the tubes right before our eyes, not in a matter of years, but in a matter of days and weeks. <img src="/forums/images/graemlins/frown.gif" alt="" />

I understand the frustration with all the taxes, but seriously, how we suppose to pay for our expenses. We have to borrow more than half of we spend. And after this past few weeks, we'll be borrowing probably several times what we spend just for normal expenses.

There has to be some kind of tax system and obviously the current one, which everyone says is too high, isn't bringing what we need. I wish we could back to a tariff system which is the what the founders wanted. They didn't have income taxes or any of that garbage. They just taxed incoming goods from off shore. Can you imagine the problems that alone would solve? Preventing the off shoring of most of our industry, while keeping industry here. Of course there's the whole issue of the federal reserve and how the new currency system of 1913 bleed our country dry, but that's another topic.

The bottom line is, you guys can defend the "free market" which was never truly free and offshoring all day long, but the ramifications of that a deregulation are playing out right before your eyes. When you can't buy food to feed your families because you have no jobs, maybe you'll reconsider your ideology.

You can mark my words now and believe me later, but trust me on this one....a large number of U.S. corporations...big ones...like maybe even Boeing and the like...will move to Dubai in the next 5-10 years and cease being even U.S. based companies.

Halliburton is only the very beginning. Just in the last few weeks, there has been speech after speech from world leaders ranging from Europe to China that has repeated warned that American will cease being even a super power, much less "the" super power in the very near future. I don't they are just blowing smoke here.

We're almost finished.