Comments: Silicon Valley Lamented

Friedman writes "It is because governments in these countries are so eager for employment and the transfer of technology to their young populations that they are offering huge tax holidays for U.S. manufacturers who will set up shop." Yet I'm sure that any attempt for a US administration to follow this or a similar model would be soundly defeated by the left and the media under the banner of "Corporate Welfare". We can't have it both ways - nobody out there wants to cut taxes but at the same time they decry the corporate offshoring/outsourcing of industry to places where the tax burden is significantly less.

Posted by Dave at April 28, 2004 10:05 AM