Where Are the "Best and Brightest?" - Barrons.com

Where Are the "Best and Brightest?" - Barrons.com

This article seems sadly like looking at only a few trees in the forest - i.e. there are broad pressures in US tax law to keep large numbers of jobs outside of the US - especially for multi-national companies.

Obama's new high personal income tax rates are the bane evident in Europe - i.e. when small businesses start, the income likely comes to and accrues to an individual entrepreneur not a corporation.

Thus, to build more small tech businesses (not just a few high flyers), maximum personal income tax rates and corporate rates need to come down - a lot. (In Europe, for example, corporate rates may be in the 20% range but personal tax rates are in the 40-50% range. Exceptions include countries in Eastern Europe where personal rates can be capped in the 15% range.)

Another aspect of misplaced policies with unintended consequences is highlighted by Bill Gross in the following: http://online.barrons.com/article/SB50001424052748703578204578525100112860398.html?mod=djembdr_h#articleTabs_article%3D0

In both cases, current policies work against job creation. Reading latest job creation data points to lower paid and part-time jobs - partly resulting from Obamacare.