Capital Flight
Capital has no nationality. Whether it is physical capital or intellectual capital, it will go where it is treated well.
Now it begins:
Is Communism the New Capitalism? Six Fortune 500 Companies Move HQ to China
by Steve Bartin
Activist Post reports:
The boat is leaving for China. Disney, Kraft Foods, and four more Fortune 500 companies are on board to move their Headquarters to Shanghai.
The mass exodus of American companies which will surely take thousands of jobs with them, is now commencing with mind-twisting irony. Apparently, America is no longer capitalistic enough to invest in, even for U.S-based companies.
No word yet from the progressives on this one.
The Tea Party vs. The Body Snatchers
Big Government Means Poorer People
The Fat Lady is Resting
Plan on Living with Your Kids
Obama's Antagonism to Jobs 
A Quick Ending For America
The 70 million dollar tax bill sent to imprisoned business man Conrad Black sends another chilling message to foreign investors. If you do business in the US, we will lock you up and give you a tax bill even as the US Supreme Court decides that that you probably shouldn’t be in prison at all. As an American living in Canada, this gives me one more reason to renounce my citizenship ASAP, and to keep the IRS off my back. This is the wrong message to send investors. I personally will write off my US investments before allowing myself to fall into such a trap, because I want to stay out of prison. That is a strong motivator for not investing somewhere. I wonder if the Chinese have a practice of locking up their foreign investors and sending them incredibly exorbitant tax bills?
The obnoxious thing about it is that Black probably paid all his Canadian tax, which means that he can’t possibly owe anything in the US, as our rates up here are higher (due to the foreign tax credit, which is a dollar per dollar deduction). So if he did pay anything, he would be able to revise his Canadian taxes and receive a foreign tax credit, and Canadian tax payers would have to refund him the money. But the Canadian media hates Black and has stirred up most of the population against him.
Those are regional HQ’s, not corporate HQ’s. They are already somewhere in Asia.
Rick,
You may be correct on your observation, however I stick with my observation that rational people are sending their capital and themselves overseas. That movement is likely to accelerate dramatically unless things changer here.
Monty