@bob-jackman You're a great ambassador for the hobby Bob! Congrats to your friend's daughter.
@chris - Actually, just a point of correction. The profits go to the shareholders. And regardless of where the headquarters is located, the shareholders are located globally. For example, nothing precludes Americans from buying Toyota or Honda stocks. And the reverse is also true, as foreign investors can purchase American companies.
Not sure if its been mentioned, the Honda and Toyota dealerships hire sales, service techs and others who run the dealership and maintain the physical plant. These people raise families, purchase homes, food and educate their children and in general feed the economy...and they pay local and federal taxes. So it's not just profits leaving the country.
John Bono
North Jersey
@sizedoesmatter Correct.... but let's assume you owned a 22-million-dollar company that manufactures, say, men's belts and it's headquartered in say, Paris TN with a staff of 40 but your production operations are in Hong Kong and employ 450. Those 450 would certainly boost the local economy but who's really "getting rich?'
You are, back in Paris TN. Hong Kong, in effect, becomes the service nation, while you possess the profits, R&D, business acumen, patents, etc...
No question, Honda & Toyota directly & indirectly support New Jersey's economy - multi millions are pumped in, no doubt. But at the end of the day, who's really getting rich?
More importantly, in the long run, who's truly going to benefit the most?
The profits go to the shareholders.
Well.... not all companies pay dividends (I know ) most "re-invest" to ensure future stability & growth - which one could argue, increases share price. It's obviously more advantages for GM / USA, for example, to manufacture & sell tens of thousands of cars in Shanghai, than it is to have BYD /China manufacture & sell tens of thousands of cars in Alabama.