Burger King Worldwide Inc.’s deal to buy Tim Hortons and move its address to Canada will proceed, a day after the U.S. Treasury Department announced plans to crack down on corporate inversions. [Source: Bloomberg News] Have you ever heard the expression, “Don’t bite the hand that feeds you?” This is what comes to mind when you watch Barack Obama and other politicians threaten, fume, pout and demand whenever large companies — such as Burger King — reincorporate some of their functions abroad (or in Canada) in order to protect themselves from expanding taxes and regulations in the United States. “Burger King is so visible, it puts the focus on the general behavior of corporate America and, in a sense, the contempt that they feel for the average American, and in fact, the United States of America,” huffs U.S. Senator Bernie Sanders from Vermont. No, Senator Sanders. It’s not America these companies feel contempt for; it’s the American government. And given what that government has become, they’re entirely right to feel it, if they do. No matter how many of these politicians keep getting reelected, they will never be able to change one basic fact: Economic growth cannot happen, and will never happen, without economic growers.
Posted on: Thu, 25 Sep 2014 01:31:18 +0000
Trending Topics
Recently Viewed Topics
© 2015