Intel CEO: Things Need to Change in the U.S.

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I don't see the problem. Wealth will eventually be distibuted over the world, only a matter of time. As long as everyone is putting out the same effort to produce, no one should deserve more wealth than the other. In fact, wealth differentiation from Country to Country is very unstable to the world economy. So this shifting of wealth is simply a natual event of our economy balancing itself. I guess the only problem is that the wealthy are unwilling to be the first to winddown. :)
 
Sorry, in my ranting I meant to write....

"And yet our masses, who are UN-interested in reading Adam Smith, or our foundational documents, are all to willing to quote their writers and claim that this is good for everyone."
 
As long as an engineer or scientist cost 1/4 in India-like countries compared to the US, the companies will send the jobs that will invent "the next big thing" to those countries. Even if they get paid to stay, they would be losing money.

One thing the US could do is to keep more rights over the patents that are created in the US universities. For one thing, I would not grant exclusive rights to a patent create in US Universities to only one company. I would grant a non-exclusive right instead. Additionally, they could add restrictions on exporting the technology say for 10 years. So if A123 got the next revolutionary battery production technology from an Illinois University, they would have to produce the batteries in the US for 10 years, and so would other start ups that want to license the patents.

Otelli would not think of this because if he did, he would get fired. Most patents that gave rise to Microsoft, Apple, IBM and specially ATT where at one time made by US Universites. ideas payed by taxpayers are sent to other countries to create jobs there.

 
[citation][nom]2real[/nom]you nitwit you don't see economic changes until the next presidency we're seeing the effect of bush's policies right now and the next president will see the effects of obama's policies[/citation]
Wait? What? No need to name call, it doesn't help your argument. I agree with you, many of today's policy changes won't take effect for years, the economy is just too big. The mortgage crisis may seem like it happened instantaneously, but it took years for it to happen (people in the know, like my uncle who manages several funds for a major US bank, saw Alt-A and Subprime default rates climbing 2-3 years before Lehman blew up, they knew it was coming, they just didn't know when, nor did they care because money was being made now, and they could make money shorting, and did, when things crashed). Some changes they make do have short term quick effects (tax credits/rebates, cash for clunkers, etc) but they're hardly intended to fix the economy, they're more of a stop-gap measure until people start to calm down. Quite honestly, no one completely understands how the economy truly works and for anyone to claim that they're some sort of guru with all the answers is just foolish, it's just too complicated and good chunk of it relies on human perception which will deny all logic (I mean really, what is a US dollar worth? Answer; it's worth what people THINK it's worth, otherwise it's just a piece of paper and worthless).

My point was more towards the other guy who was arguing that Obama has had enough time and should stop blaming Bush, I was saying that the Bush Admin was STILL blaming Clinton (and even Carter!) for their problems after they had been in charge for 7 years (when the stuff really started to hit the fan). I was trying to illustrate the foolishness of mocking Obama for criticizing Bush after 18 months while the Bush Admin spent the last 2 years of their rule blaming their problems on Clinton and Carter.
 
Taxes are high because the government needs money to finance its humongous spendings. Seems like each administration job is to spend as much as they can and let the next administration worry about how to fix the deficits.
 
So what he is really saying is....no taxes period, no labor laws, and no health, no pensions, and raises; then there can be high tech manufacturing jobs in the US. hmmmm, other than taxes it seems China and other developing nations has the US beat.
 
[citation][nom]Enkidu98[/nom]That is the true shame. Small Businesses which employ 75% of Americans are the ones who suffer from onerous taxes. Unfortunately they do not have the money to purchase access to federal level politicians. So, people like Otellini, who can afford to purchase politicians continue to benefit from their relatively small purchases (its surprisingly cheap to buy a senator) which really are less than a minor blip in their corporate balance sheets and get huge breaks, discounts, hide their income etc and end up (as was mentioned before) actually getting HUGE tax refunds sometimes in the BILLIONS from the US government (Read... US.. the Taxpayers who are not making billions).For all these tiny government tea-party pukes etc who decry wealth transfer systems and socialism etc, surprisingly few are aware that it exists and the money they think they are giving to the poor through their taxes goes in a much larger amount to corporations who are not turning around and providing them any services.[/citation]
This is my biggest problem with government. You are 100% right about big corporations getting tax breaks and the little guy (meaning small corporations) get stuck holding the bag. Just try getting a meeting with your senator at any time other than an election year, it's damn near impossible (best I can get is an aide and that never goes anywhere). Big companies can buy a senator's time saying 'you need to lower our taxes or we'll leave' or 'this tax isn't fair to us, we can't compete' and they get their loophole, and then all the little guys get shafted because they have to pick up the slack. There are far too many loopholes/shelters in the US tax code and it just needs to be junked and totally redone. Too many of the super wealthy hide too much of their money offshore or in shelters to avoid paying their fair share. Personally, I'd love to see a flat tax for corporations with absolutely 0 deductions. If you want to keep your headquarters in the US and enjoy it's security and other comforts then you should pay your fair share for it. If people decide the corporate rate is too high, then the flat rate gets lowered, no more of the piecemeal reductions here and there nonsense.

I'd also like to see a return to the pre-Kennedy tax rates for individuals (adjusted for inflation of course) with 0 deductions as well (yes that includes child, mortgage, education and retirement exemptions, no more gov't social engineering please - it's not the gov't's job to suggest us what we should do via deductions, it's our parents' job to nag us into having children, going to school, buying a house and saving money). The complexity of the tax forms is absolutely ridiculous, it should consist of 4 lines: 1-Your Gross Income; 2-Your tax bracket rate from table 1; 3-Product of lines 1 and 2; 4-Mail check for the amount in line 3 to this address.
 
In today's US, you either pay taxes at the second highest rate (and soon to be the highest), you get sued out of business, or you get regulated out of business --- or you are paying our government to make laws so that you are the only competitor in a market.

The entire reason we are going to be falling behind is that our government is trying to take control of economy. Just like the they took control of poverty, education, drugs, and so much more.

The government needs to start a War on Profit, because with their track record it's the only thing that can save us.
 
As much as this whole article is political troll fodder, I think we're screwed either way. If the government doesn't do something, corporations will screw everyone possible to turn a profit. If they do, corporations won't come here because they can't screw everyone and turn as big of a profit by cutting costs instead of actually doing something worthwhile. Catch-22. Oh, and wrap it up in a globalized economy that doesn't value things appropriately. Hell, those a holes at Goldman Sachs get payed gazillions to defraud.
 
Former HP CEO and current Republican Senate candidate Carly Fiorina pointed out just a day prior that corporate tax rates are the second highest in the world. Fiorina also said that government policies are pushing jobs overseas rather than making U.S. companies more competitive against international rivals.
Click to expand...

I dont want to work for a company that is competing against someone who is paying so little and pushing its employees so hard that they have to put up anti-suicide nets and hold anti-suicide rallies. There is something wrong here, and its NOT TAXES.

You can cut their taxes to nothing and they'll ask for more. It will never end. You can safely ignore Mr. Otinelli's FUD.
 
[citation][nom]ordcestus[/nom]Please do your research instead of just pulling out talking points. If corporations have more money they use it with new jobs or other investments. Those jobs are most often middle class jobs and without lowering those taxes then those jobs couldn't have been made or worse they might have been lost. The economy boomed during much of bush's years and the collapse was because of irresponsible mortgages mostly not greed.[/citation]
I'm not saying that we should tax corportaions dry.... But right now Corpotate money is not making new jobs. They are using it to aquire other companies which will actually probaly result in lost jobs because redundant positions will be eliminated. corporations may not be the devil but they aren't saints either.
 
Lol when you people will stop outsourcing and doing business locally, you will realize the benefits. Why are we sending all our work outside of Canada/U.S.? it should all be done locally. Yes it increases the costs of the products, but that also increases the amount of $$ in the pockets of our citizens therefore making those high prices affordable for us locally.

And this ridiculous outsourcing doesn't even benefit the people in those poor countries. Because they get terrible wages anyways.

So who benefits from outsourcing? not the local people, not the people where its being outsourced to....but the management & the rich only!

This capital system isn't good whatsoever. The purpose of the system is to make the rich richer and poor poorer.
 
[citation][nom]tekeffect[/nom]I'm not saying that we should tax corportaions dry.... But right now Corpotate money is not making new jobs. They are using it to aquire other companies which will actually probaly result in lost jobs because redundant positions will be eliminated. corporations may not be the devil but they aren't saints either.[/citation]
They're also using that money to pay the CEOs 300-550x the average worker AND to pay the same CEOs massive bonuses, even if the company did badly.
 
[citation][nom]bergieberg[/nom]As much as this whole article is political troll fodder, I think we're screwed either way. If the government doesn't do something, corporations will screw everyone possible to turn a profit. If they do, corporations won't come here because they can't screw everyone and turn as big of a profit by cutting costs instead of actually doing something worthwhile. Catch-22. Oh, and wrap it up in a globalized economy that doesn't value things appropriately. Hell, those a holes at Goldman Sachs get payed gazillions to defraud.[/citation]

There is a limit to how much control a government should have. Individuals are far more competent than broad sweeping regulations give them credit and yet at the same time, we can't become China, whom is basically a sweatshop.

Neither is right.
 
Otellini and most CEO's of large corporations are looking to reduce their costs and increase their profits. That nearly always means moving production and eventually intellectual resources to LCC countries (Low Cost Countries).

Without a whole new set of trade laws and the implementation of tariffs you are just not going to see any major investment in this country for the foreseeable future. In order to make yourself attractive for investment by these large multi-national corporations a country needs to be able to provide a large poor class, very little or very weak regulations (for instance no pollution controls or worker safety laws), and preferably a business friendly totalitarian government. If a country wants to compete in the new "free trade" world, you will have to offer the above corporate desirable incentives.

If you are a working or middle class American Otellini and others like him are your economic enemy.

Regards,
 
When we were growing up we were taught...that the Soviets and the Communist Chinese were our enemies and indeed they were...what we were never taught however was that our greatest enemies were in the boardrooms of "our" own corporations right here in our own cities and states. Fellow Americans, who talked, looked, and acted much like us. In the end these corporate leaders were able enrich themselves and their descendants for generations to come while wrecking economic devastation upon this country much more than a Stalin or a Hitler ever did, or ever could. We had traitors among us, and our greatest enemy was within. Otellini is not the first of these types, in fact he just joins a long list of corporate leaders who have made themselves wealthy beyond the average man's conception, while destroying the country that gave them so many opportunities.

Regards,
 
What a crock of ****, tell me Mr. Intel how many corporations in the U.S. pay no Federal Income tax? (Google it).
 
In México Intel would not worry about taxes, because most of the companys over here do not pay them thanks to the goverment.. and they will be happy and make jobs for mexicans and no more inmigrants for U.S.A .. but i can see they worry about their country... so good luck !
 
The work way of life and living way in life, in America, is simply to farking expensive. Everyone wants a raise, plus the cost of living goes up all the time with the wages never changing. Most of ALL management in the private sector is USELESS and there is zero accountability across the board. The low paid people are doing all the work and it's still costing the employer out of the butt because of healthcare costs, politics, and an overall society that can't hold anyone accountable for anything. you want answer, demand actual response.
 
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