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Martin Armstrong on the Sovereign Debt Crisis (Q&A Interview)
safehaven.com ^ | Thu, Mar 29, 2012 | Ron Hera questions Martin Armstrong

Posted on 03/30/2012 8:19:51 PM PDT by Razzz42

...HRN: Is there anything that policymakers can do to bring companies back to the U.S.?

Martin Armstrong: One of the primary things is that the tax rate should be cast in stone and it should not change for every election. That is why corporate cash is at record highs. Why should a company start to hire people when all you hear is "we're going to get the rich", "we're going to get the corporations" and they're going to have to pay more. This is why corporate cash is at an all time high. Why should you start hiring people now and then next year you might have to pay 20% more? You can't do things that way. No one, on a personal level, would go sign a lease on an apartment where the lease said the landlord can change your rent at any time he wants if he spent too much money for himself. A contract is a contract and you're not going to have stability until you have something set in stone. A lot of countries have attracted capital by doing precisely this. If you go there and set up a plant, they guarantee not to increase taxes for 20, 30, 40 years. If you're going to do a business plan then you need to know what your costs are. It can't be maybe $1 mill this year and next year it's 25% more. Business plans don't work like that. The politicians need to just cast it in stone and that's it; take it off the table. Stop the rhetoric. They're not going to create jobs without that. Why should anyone build a plant in the U.S. if the government can change everything in 6 months? That's not the way to build an economy...

(Excerpt) Read more at safehaven.com ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: banking; debt

1 posted on 03/30/2012 8:20:02 PM PDT by Razzz42
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