Quote:
Originally Posted by glitch";p="
Quote:
Originally Posted by shintao";p="
Quote:
Originally Posted by glitch";p="
Quote:
Originally Posted by shintao";p="
Probably the best example of this came in 1989 when 80 percent of the Rockefeller Center, one of New York's top landmarks, was sold by the Rockefeller family to Japan's Mitsubishi Estate Company.
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So how does Mitsubishi owning 80 percent of the Rockefeller Center hurt America? |
Because 80% of the profits are funneled out of America to Japan. This in turn weakens the US dollar. It doesn't put Americans to work, or support the good Americans produce to create wages. Its like sticking a gun in your face and demanding your wallet. zero returns. |
But aren't there US companies all over the world funneling money back to America? |
Maybe, maybe not. I would think American companies abroad would be offshoring their profits to prevent paying taxes on them. Of course this has nothing to do with selling off America to foreigners. We probably need sme laws to force foreigners to keep profits in America, by hiring Americans to work for them.