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Reply #236: That is a dicey limit. [View All]

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DFW Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-23-11 11:32 PM
Response to Reply #221
236. That is a dicey limit.
Might work, might not. I don't know any billionaires very well, and the only one I DO know (Peter Norton)
is so easy-going, I doubt he even cares what he pays at this point. But it's important to stay competitive
and encourage money and jobs to stay here. Actually, I think the real reason Halliburton moved to Dubai was
not to avoid US taxes, but to avoid prosecution for massive defrauding of the U S government in Iraq. As long
as we provide a decent business environment and don't appear confiscatory, businesses will stay and thrive.
We have the workforce, skilled and willing. We just have some large companies unwilling to invest, preferring
to sit on their hands (and their cash) right now. With interest rates at practically zero, it is a legitimate
question to ask why?
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