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Ship Finance International Limited Message Board

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  • canucanoe1 canucanoe1 Feb 2, 2012 11:20 AM Flag



    Our country is not in dire need of investment funds. On the contrary, the opposite is our problem. So giving a tax break for repatriation of overseas funds, is a gimmick undeserving of Middle Class support.

    At today's interest rates, and for the past 13 years of underpriced real interest rates, our crony economic and monetary ministers have favored capital investment over jobs. There is no reason to hire people when the environment is created to ridiculously favor capital expenditures on machines.

    If interest rates were properly set, more jobs would be created. Machines would be more costly - but more importantly - properly priced in the jobs-machine decision model.

    btw, few, if any, jobs were created in the last no tax repatriation under Bush II. When do we learn our lesson?

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