As angry as liberals might want to get at a company for increasing their profit, can’t we take a minute to recognize that profits are pretty much the reason for America’s historical prosperity? Businesses, like it or not, operate off of the concept of getting a return on their investment. And when business is more profitable overseas (especially in Socialist Europe) than in the “Land of the Free”, we might have a bit of a problem. Rather than address the underlying cause of inversion, Liberals would like to demonize, insult, and attack businesses for moving their cash out of the reach of Uncle Sam. Strangely, the HuffPo never mentioned lowering the corporate tax burden, or making the American tax code more competitive with the socialized nations of Europe. Much like our liberal friends, I would rather have companies repatriate their overseas profits to America as well. Of course, the progressive “solution” to tax inversion seems to be… new punitive taxes on companies that want to move overseas. Now, I understand that Liberals feel entitled to the profits of those capitalist pigs who are avoiding the highest tax rate in the world, but even I know that 12 percent (Ireland’s tax rate) of billions of dollars is more than 35 percent of nothing. (And I didn’t even take Common-Core math!)
Posted on: Tue, 22 Jul 2014 13:13:10 +0000
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