Glad to see you recognize there is more than one piece to the puzzle now.
Punitive taxes nail all of the elements that I listed.
Payroll taxes, corp taxes, sales-related taxes, etc.. Add in the indirect taxes dealing with licensing, regulatory, etc and that number increases yet again.
The taxation environment, as a whole, is what I was driving at.
The fact is that tax rates have decreased concurrently with a decline in manufacturing.
The question here is why did they decrease?
On that note, the capital investment is not easily moved, especially for high cost ventures like building a plant, etc.. Once that money moves, it will take years and/or dramatic changes to justify that movement again.
The decrease in tax rates (in North America I assume) is changing because the private sector has spoken via actions to move capital, jobs, etc elsewhere.