Comment Re:"Foxconn announced ..." (Score 1) 100
300+ million citizens ready to go to work in factories
Have you tried hiring for manufacturing? I have. We have that many citizens, but they are certainly not ready to go to work in factories. Our society still stigmatizes factory work, kids graduate believing it's dirty work and that they should all be office workers. This is a real problem, you can't expect an industry to grow when people don't want the jobs that are already available.
would-class transportation systems
Paid for or subsidized by our taxes
world-beating low energy rates
Paid for or subsidized by our taxes
abolishing of income taxes in favor of extremely simple sales taxes
I'll be honest, I don't understand the net gain if the government still needs to collect the same amount of money to provide the same services. Corporations would be paying sales tax on supplies they need, so if there's a decrease in income tax that's offset by sales tax, they're not really benefiting. If the increase in sales tax is only applicable to consumers, then consumer buying power is greatly diminished and corporations will suffer anyway unless they raise wages to cover that increased sales tax, which effectively leaves them paying the same amount anyway but without control over all their write-offs and whatnot to try and minimize their tax burden. Seems to me like getting rid of the income tax would only encourage people to set up offices here so they can declare their income here and not pay taxes, the same way they do in other tax havens already. The world is a very different place than it was in the 19th century, there's no reason to think removing income tax would result in similar growth to what we had when the country was younger and still being flooded with immigrants desperate for whatever work they could get.