tag:blogger.com,1999:blog-12897315.post4831360061426546844..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: What About Those GE Taxes?Dad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12897315.post-56304292857597063472011-09-19T16:19:40.189-05:002011-09-19T16:19:40.189-05:00...won't be repatriated at less than 35% eithe......won't be repatriated at less than 35% either. <br /><br />We did, um, try to "repatriate jobs and capital" at a lower rate back in 2004. You know it wasn't that long ago. Don't remember how it worked? <br /><br />Well almost all of that repatriated "capital" ended up as dividends and stock buybacks. As predicted of course. IOW, another tax holiday for rich people. A scam for the rest of America. Business as usual.<br /> <br />Corporate America doesn't have a free cash flow problem. They don't have an earnings problem right now either. In fact, corporate profits are at a post war high as employers slash overhead. <br /><br /><br />Lack of sales is our problem. <br />Repatriating offshored profits isn't going to do anything to fix that.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-26541456588669674252011-09-19T11:52:24.143-05:002011-09-19T11:52:24.143-05:00Which is why jobs and capital will never be repatr...Which is why jobs and capital will never be repatriated at a 35% rate.<br /><br />Regardless of GE or any other company.neomomhttps://www.blogger.com/profile/04830635556787370135noreply@blogger.com