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You are brainwashed if you think they will move their business to other countries. Number 1: they can’t. Number 2: moving to another country means they will lose the number 1 market in the world. Number 3: they still have to pay taxes on any money earned in the US.
They would move to another country to find cheaper labor...
Any company can leave the country.. wat.
Regulations and money are big factors as to why a U.S. company would move its operations to another nation.
Moving operations and moving your business are 2 different things. No one is going to stop doing business here. You are very naive if you think labor costs and taxes will kill businesses. Who exactly is going to sell products here if everyone works in India or China?
We just witnessed businesses killed in California from the minimum wage increase. And if not killed, job losses:
https://www.youtube.com/watch?v=S-eQdjysM7I
What does that have to do with increased taxes? Again your business knowledge is severely lacking. Yes it’s very easy to scapegoat taxes and wages and claim that’s why your business closed when it was always poor business management. Payroll wages is tax deductible if you didn’t know.
That ice cream shop was established decades ago... many people in the area enjoyed going there. It had nothing to do with poor business management. Stop making excuses for taxing business owners exponentially.
lol poor business management. good grief.