On: Why Are Corporations Hoarding Trillions?

[ryanlol]

But the US can't just block offshore companies from its market without absolutely destroying its economy.

What do you think would happen if the US suddenly decided that no company can do business in the US without paying taxes to the US for their offshore profits?

[bsder → ryanlol]

You only have to injunct one. After a couple million in losses, they'll pay up. At that point, the threat of injunction would simply get the other ones to pay.

Or, you start seizing domestic property to pay taxes on the foreign assets.

Do NOT assume the government is ever powerless. It is always bigger than you.

[ryanlol → bsder]

The government might not be powerless, but exercising such power would be disastrous.

Also,

>After a couple million in losses

Leads me to believe you don't really understand the numbers we're talking about here. That's missing at least a couple of zeros.

[bsder → ryanlol]

Not at all. Shareholders would begin screaming at the management to pay the taxes almost immediately.

Losses wouldn't even make it to $100 million before management was replaced.

[ryanlol → bsder]

How on earth does replacing the management affect US tax code?

[littletimmy → ryanlol]

They'll pay the taxes. Also grumble for a month maybe, then go quiet.

[ryanlol → littletimmy]

I don't think you realise just how much money that'd be.