Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.
“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”
And pass it will, just like all the other bad legislation the Democrats have gotten through the Congress.
Something Ross Perot once said about NAFTA comes to mind...
“It’s just a question of how much will the Dow come down,” Ballmer said. “It’s not about companies anyway; we’re talking about shareholders.”
And those shareholders include all those people who make less than $250,000 a year who live on pensions and stock income... the ones that Obama said he wouldn't increase taxes... directly.
Did people really think that passing taxes on other people wouldn't eventually trickle to them?
It was a rhetorical question. Of course people were that stupid (and selfish).
“It is a little bit ironic that most of our most significant trading partners and partners globally have taken the tack that they’ll reduce corporate tax rates to stimulate economic growth and not raise corporate tax rates,” Thompson said.
What's truly ironic is that in places near Seattle, those whose jobs will be going bye-bye supported Obama. How's that working out so far?
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