New Castle News

Letters to the Editor

November 12, 2013

Lots of American firms keep profits overseas

NEW CASTLE — Editor, The News:

So they still picket Bottom Dollar on Wilmington Road.

It seems to me all the construction material, employee wages, food inventory, local taxes, utilities, etc., were and are all paid here to local people.

But wait, any profits will be sent to Belgium where their headquarters are. Wow, that’s a bummer.

Not really. Maybe the unions ought to work at getting the American companies overseas to send their profits back home to America and become good citizens like Bottom Dollar.

In the tech sector alone, Microsoft is sitting on $76.4 billion, IBM has $44.4 billion and Apple has $40.4 just to name a few. The total of all company profits sitting in off-shore accounts and banks is $2.4 trillion.

And guess what? Not much if any was spent on wages or material here in the states. There are scores of other companies also that refuse to pay taxes here.

I’m a big Giant Eagle fan myself because I don’t buy off-brand foods. I don’t carry a bag around to pack my stuff up and I like a great selection of fresh foods, a hot bar and large salad bar along with a deli.

A discount card in the mail along with fuel perks is great. And then there’s the pharmacy where people are truly concerned about getting you what you need in a timely manner. Most of the time they even know your name.

I’m sure Bottom Dollar is a decent enough place to shop for some, but I think they have paid their way in dollars here in our area.

And $2.4 trillion, now that’s a real bummer.

Gene Scala

Leasure Avenue

New Castle

1
Text Only | Photo Reprints
Letters to the Editor
House Ads
Poll

Malaysia Airlines Flight 17 fell from the sky in Donetsk, Ukraine, on Thursday, killing all 298 people aboard. Many are speculating that Russian rebels (supported by Vladimir Putin) are responsible for downing the aircraft. What do you think?

Yes. All evidence points that way.
No. Everyone is so quick to point fingers, but there's not enough evidence to support claims of Russian guilt.
I'm not sure. I'll just wait until the investigation is over to make up my mind.
What is up with these Malaysian Airlines planes? I know one airline I won't be flying any time soon...
     View Results