Monday, February 28, 2011
From FinancialTimes -- Mr Buckley, who has run the diversified manufacturer since 2005, said: “There is a sense among companies that this is a difficult place to do business. It is about regulation, taxation, seemingly anti-business policies in Washington, attitudes towards science.”
He added: “Politicians forget that business has choice. We’re not indentured servants and we will do business where it’s good and friendly. If it’s hostile, incrementally, things will slip away. We’ve got a real choice between manufacturing in Canada and Mexico – which tend to be pro-business – or America.”
The US now has the highest corporate tax rate of all industrialized nations. The hyper-regulatory nature of our government throttles innovation, retards expansion, and punishes success. Additionally, political correctness thwarts competition with quotas, set-asides, and preferential treatment for the undeserving. Frankly I'm shocked that we have any companies still doing business here. If the regulations aren't rescinded, taxes drastically lowered, and free-market competition allowed to work it's magic, the US economy is unalterable destined for moribundity...if it's not there already.