In response to:

What Price U.S. Citizenship?

true liberal Wrote: Jan 01, 2013 10:06 AM
I am not surprised. Tax rates are only part of the problem but when you start adding all of the regulatory compliance costs, the costs go sky high. Several that I have known here in the States tried to open a factory here but due to the costs of studies for EPA and ESA and other onerous agencies saw that it would cost close to 1/2 million before even breaking ground. He opened a factory in China, minimal costs, minimal regulation
Corbett_ Wrote: Jan 01, 2013 1:33 PM
I think it was the CEO of Intel that said regulations added 1 billion to the cost of a chip factory here in teh states versus in foreign countries.

And people wonder why manufacturing jobs are moving overseas.

HONG KONG -- We read about famous people like French film star Gerard Depardieu, who moved to Belgium to avoid a 75 percent income tax on millionaires proposed by France's Socialist government (a measure rejected last week by a French council, though French leadership has vowed to resubmit a similar proposal). Then there is Eduardo Saverin, who took the extreme step of giving up his U.S. citizenship and could see a savings of $39 million on his Facebook investment, according to the research firm Wealth-X. He says business reasons, rather than high taxes, were his primary motivation.

I had read...