IM to stimulate U.S. recession?

if they were to do IM then it means we the IMers will be heading into recession and i wouldn't want to loose my IM money

Roparadise said:

The U.S. government is the cause of the high amount of jobs not available in the United States. U.S. corporations have a record amount of $1 trillion in cash overseas and cannot bring it over without losing 35% in taxes,and the amount keeps growing and growing. Since Obama is going to raise taxes,its going to increase even faster.

This isn't politics its facts. Why would you register a company in the U.S. and lose 35% of your profits,when you can register in Switzerland and only lose 15% or Ireland and lose 12.5% or Bulgaria and lose a very low 10%.
http://www.cbsnews.com/video/watch/?id=7360932n

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I guess that's why Ireland, Bulgaria and Switzerland are the economic juggernauts of the world!

It's far more complicated than that but the bottom line it's also easier and cheaper for US corporations to outsource their salary, compliance and pollution issues to China and India as well.

As to IM saving the US economy not likely. The skill set required is a big challenge for Americans who only have a manufacturing or service job background. I think it will become a major force in direct marketing but that's a couple years off.

bertbaby said:

I guess that's why Ireland, Bulgaria and Switzerland are the economic juggernauts of the world!

It's far more complicated than that but the bottom line it's also easier and cheaper for US corporations to outsource their salary, compliance and pollution issues to China and India as well.

As to IM saving the US economy not likely. The skill set required is a big challenge for Americans who only have a manufacturing or service job background. I think it will become a major force in direct marketing but that's a couple years off.

Click to expand...

IDK why ireland and switzerland aren't economic powerhouses but Bulgaria is only new at being a tax haven,it didnt become one until 2008,and many people in countries with high taxes still think that Bulgaria is communist although its been over 20 years. If your a cpa you could make serious money promoting to your clients the idea of registering a company in Bulgaria.

Is it the US Government's fault that everyone wants to tax the rich and therefore evil?

Is it GM's fault that Chinese workers don't form picket lines and demand to be paid for not working?

Is it the workers' fault that over half a century of economic prosperity has made them lazier?

If it wasn't for outsourcing, automation would still result in a lot of people losing their jobs. I see the economic crisis as the next step in human evolution. Automation makes it harder for people to find jobs, but much easier to find your own lot in life. And not just IM, but online business in general. It's adapt or die - those who have the balls to abandon the wage mentality will survive, while those who don't will be left out in the cold.

Just my 2 cents.