No companies went out of business because of taxes. This is because they instead moved their operations overseas to escape them. This along with unions, environmental regulations and various other costs such as unemployment insurance and workman's compensation.<quoted text>
Most all of that happened after Reaganomics was implemented.
Goods and services were made in the U.S., easily available, affordable and durable.
Reaganomics encouraged "free" makets, "free" trade, deregulation and encouraged tax "incentives" for outsourcing jobs overseas.
Teabaggers always claim that companies can't profit by making or providing services here but seem to claw their way right back into the American consumers pockets, now they're "profitable".
Name ONE company that went out of business because of taxes?
Excluding cheating, penalties or just not paying them.
"Are your investments in American companies using American workers only with a return of about 1.5%".
Yes I did, I owned to "small" businesses at two different times.
I earned a more than 1.5%, until I didn't
I have no "investments" left.
I work for a living now and am making the same hourly rate as I was 25 years ago.
A lot less stressful but the money doesn't go half as far.
Sure affordable things were made here years ago. This is because years ago, workers were in a rat race to make the most money. But as time went on, nobody got ahead. We just priced ourselves out of the world market. If I insist I make two dollars per hour more for my labor, then you pay the cost. In order to recoup your loss, you insist that you make two-fifty an hour more, and then I have to pay that cost in the products or services your company provides. It was a a train headed for dirt road all along.
Today we have way more things to spend our money on than let's say 30 years ago. Thirty years ago, you needed furniture, a phone and a television. That's it. Today we spend our money on internet services, cable or satellite television, satellite radio, DVD players, CD players, cell phones, big screen televisions, video games, Net Flix or pay-per-view. Of course we have less in our pockets. As for our pay, healthcare insurance sucks that out before it hits our pockets.
You can't blame Reagan or Bush or any trade agreements. When we Americans decide we will only buy American made products, that's when we will see any kind of change in this country.
Economist Walter Williams explaining what happened to our jobs and how. It's a bit dated, but a short read and worth your time: