I'm not convinced companies will leave what basically amounts to the entire first world. What customer base are they going to have left? If the U.S. and the E.U. all agree on a corporate minimum tax.... that's game set and match. That's the majority of the world's economic activity and these companies will not and cannot exclude those markets.

I still think the best way to solve most of our issues is breaking up the oligopolies that exist in basically every industry, but this is an acceptable bandaid if international cooperation holds, and since most people are now wise to the garbage policy of give everything to the rich and hope they pass some of it down not working I think there's a chance it will.

i was not precise enough, of course they cant leave the revenue from the G7 on the table, you are obviously right on that

they will swallow this pill and pay up to sell their products and services, however aside from raising prices they will withdraw all investments and jobs that are not 100% necessary

with this the G7 have downgraded themselves into pure consumers and i think this will have the opposite effect on other countries, that want coroorations to have their HQ over there and employ their citizens

This post was edited by JohnnyMcCoy on Jun 6 2021 12:42pm

I tend to agree with this assessment. I have no idea how this will affect consumers, government revenue, etc. The proof will be in the pudding.

Thing is they can't downgrade themselves to Pure consumers. Whether they like it or not virtually all of the intellectual power exists in North America and Europe. Are you going to tell your brightest engineers and your corporate branches and everything else that they are going to move to some African tax Haven tomorrow? There's a reason Silicon Valley is in California and hasn't moved to India. These companies live and die on intellectual power and all of that still exists in the first world. I've seen the results of Outsourcing novel inventions to India. The result is crap that kills your consumer base. You can Outsource repetitive stuff like that to the third world but if you want to stay on The Cutting Edge you're pretty much going to have to stay in the first world where you have the resources to train and maintain your intellectual power

We really need to break these companies up so that way when a tax hike happens they have to compete with each other and will absorb some cost out of their profit. In a real free market with competition where you have multiple players the ideal situation says they will avoid passing tax increases along to the customer at all cost so they stay competitive



I haven't read those specifics of the bill but if it isn't written specifically enough then that is probably a valid criticism oh, but it really Cuts against your criticisms of Biden that you made before. If it's not enforceable then none of the bad things you said will happen.

This post was edited by Thor123422 on Jun 6 2021 01:20pm

sounds kinda racist tbh

the thing is that educated people get the hell out as well, california is going to shit and the people about you talk will get better options as a lot of countries advance further

the good software engineers etc wont stay forever in sinkholes like san francisco with ridiculous taxes, prices, garbage, drugs and homeless people in the streets

the exodus of skilled workers in the west has already begun

having a foot in both Canada and Murica, i would never start a business in America. Because i freelance myself there's no downside to it but if your company is straight up on US soil... It's no bueno.

This post was edited by SunnyvaleTrailerPark on Jun 6 2021 01:54pm

It has nothing to do with race and everything to do with educational infrastructure. We invest significantly more in the skill of our workers through education. Or, rather, we let the workers borrow themselves into oblivion to gain skills that are useful to their corporate overlords.

You sound like you only know about California from listening to Fox News. There is some exodus but it remains the skilled worker capital of the world and will stay that way in the near future. Workers are always leaving and coming.

Can you give a tldr version clearly stating what the actual tax proposal is?

yeah and even canada isnt a place i would seek out anymore, if you are not some nature enthusiast



i have been to LA myself and i was shocked how dirty and shitty it was when you go 50 meters beyond the fancy tourist stuff or premium districts

other countries are catching up, while college in the us, as you correctly point out, is mostly a scam and 90% of degrees there are borderline useless

good luck paying your 100k student loan debt with a sociology degree (not to mention that modern tech will kill a lot of pushing paper jobs soon)

the states are slowly becoming a version of south africa, the wealthy live in gated communities behind walls, most of the rest becomes a sinkhole

a lot of skilled people WILL leave or never come to america like they did in the past

the downfall is already happening and its inevitable, the west is finished

All cities are worse when you get out of tourist areas and premium districts. That's just, like, how all cities work my dude. It's how my city is lol.

America is still great for people with skilled degrees. Automation comes for bottom level jobs first as it just makes higher level jobs more efficient. As a result the lower level people get totally placed out of work, and higher level people get more efficient and get more pay. We're going to end up in a highly stratified society unless we implement some form of UBI and national healthcare. The system depends on it if automation continues, and I see no sign of it stopping.

Eventually high skilled work will get automated away, but IMO it's a long way from automating away all highly skilled work. Since highly skilled jobs tend to have transferrable skill sets there's going to be a lot of ways for highly skilled workers to move around and avoid unemployment.

This post was edited by Thor123422 on Jun 6 2021 06:19pm