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bsharma writes "The next round of globalization is sending upscale jobs offshore. They include basic research, chip design, engineering--even financial analysis. Can America lose these jobs and still prosper? Who wins? Who loses?" News.com has a related story about outsourcing.
Outsourcing is a bad thing: Outsource Australia is a company I've worked with that dramatically increases the value and productivity of a company when they work to refine their procedures, structures.
I think the fear that our [american] economy will collapse if jobs move out of the geographic country is naive, in that it doesn't properly examine whether or not the money actually flows in different directions: if the money still comes into the US eventually, it works.
"Stumble before you crawl"
Do you even know how many Fortune 100 companies don't even pay income taxes anymore? And how many of them get rebates anyway? Overtaxation is hardly a problem for US companies - the problem is boundless greed and a capitalistic system that owes nothing to the communities and workers that make profits for the small cadre of owners.
And fuck your flat tax - go read up on the declining marginal utility of money and think again.