Tuesday, May 12, 2009

Another day, another video

This one "explains how President Obama's new international tax proposal will put U.S.-based firms at a serious competitive disadvantage compared to foreign-based companies. The video also explains that America's "worldwide" tax system and high corporate tax rate already hinder American competitiveness, and that the Administration's plan makes a bad situation even worse".

There seems to be a pattern here: first you make taxes so high that businesses start moving out and people take money elsewhere; then you start bullying either those businesses or the countries that take the money and the investment. Result: universal misery.

1 comment:

  1. Welcome America to the socialist world, I read Wall Street and Pepsi are having buyers remorse, well suck it up buttercup, you dumb fools paid for the Whitehouse (the inhabitants of Wall St and the Pepsi CEOs I mean) and now reapthe benefits, it appears that organised labor are not getting what they paid for either. Maybe all who did not see this coming should be barred from holding positions of responsibility and voting due to insanity?