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Oct 14, 2009


Bill Fane

"The positive outcome would be that US companies would more quickly bring the profits back into the USA."

Positive outcome? Not for the foreign countries who are contributing the profit and are therefore having their wealth syphoned away. How about encouraging companies to invest their profits in the countries where they were earned?In the long run that would make the foreign countries wealthier and therefore would eventually return even greater profits for the company.

Henry Ford knew this; he paid his workers more than the going rate, so now they had money to spend in local businesses, and so now the local business owners could afford to come and buy a Model T.

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