I read that one of the reasons Communist Chinese manufacturers are running such a huge trade surplus, is because the Chinese govt is giving their local manufacturers up to a 13% income tax break! It’s on the net, check it out.
This means that if billionaire Chow Dung decided to produce an automobile for export – the Dungmobile – he could sell it very cheaply because his govt would give him tax breaks. Dung could, in effect, have Detroit for lunch.
Dungmobiles would soon running around all over the USA because they would be very cheap because of such favorable tax treatment. He could even afford to put some sort of ‘new car’ scent so people would say “Hey! There goes a Dung, don’t those things smell good?”
Do you think the evil rich American automobile manufacturers would get tax breaks from our fed govt to compete with the Dungmobile?
I have to laugh.
And this is what is happening. Countries are getting govt help to compete with us unfairly.
This contributes to jobs going overseas.
Thought you’d like to know.
Grimgold