[–] dontforgetaboutevil 0 points 0 points (+0|-0) ago 

Fuck those companies. Tax um till their dead!

[–] acheron2012 1 points 0 points (+1|-1) ago  (edited ago)

False dichotomy. Due to wildly self destructive trade practices foisted on the American people by treasonous politicians, not "many" but virtually ALL large US firms have been able to ignore their "CORE CONCERN" and chop legs and wings off the Golden Goose. Now, all of a sudden that CORE is for the first time in most CEOs lifetime an actual concern.

See, for the first people in the boats from the Titanic it was a huge inconvenience in an otherwise lovely ocean crossing. The average people stuck in steerage had a slightly different view of the day's events. The first corporations to turn their back on America reaped wealth beyond all expectations. And no visible harm was done. A few small towns that depended on weaving sweaters were destroyed, but no one cared: the price of sweaters went down 20% -- because East Asian slaves are not well paid!

Now as the last of the last have finally moved the last of the jobs out of American --- HOLY SHIT! WHY DIDN'T ANYONE SEE THIS COMING?!

I do believe in free trade. Although I have NEVER seen or even heard of it being practiced. Global trade today is a zero sum game. EVERYONE else wins; America loses. FUCK Them. Let it burn. Sometimes you need a good forest fire to clear away the deadwood so something healthy can grow in the aftermath.

[–] cuello_rojo [S] 0 points 2 points (+2|-0) ago 

HOLY SHIT! WHY DIDN'T ANYONE SEE THIS COMING?!

They saw it coming. They planned it and executed it. That's why all their operations, wealth, and employees are overseas.

We wuz had. I remember when this free trade shit was really being sold.

They told us that all the manufacturing workers who were being displaced were going to become knowledge workers. They were going to be computer programmers and data analysts. That was literally the line that they used.

Yeah, they became data analysts. They get to analyze how to work a mop to clean the floor of the convenience store where they work for minimum wage.

[–] cuello_rojo [S] 1 points 0 points (+1|-1) ago  (edited ago)

Tl;Dr They don't give a fuck about the U.S., they are NOT American companies, and they will happily screw you at every opportunity if they can make a buck at it,

  • Many of the largest US-based MNCs have close to (or more than) two-thirds of their total sales outside the US, e.g., Intel (80%), Mondelez (76%), Coca-Cola (70%), ExxonMobil (65.4%), Apple (63.2%), and GE (62.1%). Other large American MNCs generate more than 50% of their sales overseas, e.g. Procter and Gamble (58%), Chevron (57%), Oracle (53%), Alphabet (52.7%), IBM (52%) and Pfizer (50.5%).

  • Almost all of these MNCs have close to half, or more than half, of their global staffing outside the US. Alphabet has almost 87% of its workforce outside of the US, which is a ratio of 6.5 foreign workers for every US employee. DowDuPont (73.8%) and Procter and Gamble (73.4%) have nearly three foreign workers per American employee.

  • Many of the US MNCs above have close to half, or more than half of their corporate assets (property, plant, and equipment) located outside the US, and some like Coca-Cola (92.4%), Mondelez (84%), Johnson and Johnson (75%), Chevron (72.4%), and DowDupont (66.1%) have two-thirds or more of their assets overseas.

  • Of the top 25 (50) largest MNCs in the world ranked by foreign assets, only 6 (11) are located in the US, and of the top 100 MNCs, 80 are located outside the US and these foreign-based rivals are engaged in intense competition with US-based companies for global sales and market share.

-The long-term viability and sustainability of US MNCs forces them to minimize production costs for their customers in global markets, and sometimes that requires them to shift production overseas, possibly to take advantage of lower labor costs, lower taxes, or more favorable regulations. It’s also frequently the case that expanding production and manufacturing operations overseas takes place to better serve retail markets outside the US and the 95% of non-American global consumers.