Friday, December 5, 2014

Hot new buzzterm follows trend of mega-corporations escaping ameriKa


http://www.internationalman.com/articles/everything-you-ever-wanted-to-know-about-obamas-failed-approach-to-corporat
Everything You Ever Wanted to Know About Obama’s Failed Approach to Corporate Inversions

"Corporate inversions" -- what a dignified label for companies racing to move their headquarters offshore because life has become too expensive here! It's so close to being pure Latin I'd love to know what legal egghead hatched it.

So, do we support these countries as daring rebels? Or condemn them for doing what individuals increasingly can't under the statist regime the corporations and their lawyers have built? Why does my cynical soul tend toward the latter.

I guess I'm just unpatriotic for wanting companies to stand and fight, for instance maybe by sending their (in)famous lobbyists to Washington to tell their politicians "OK, we've gone too far. Even the tax breaks you've unfairly given us through the years aren't enough to allow us to stay in the US. It's time to slash taxes on corporations and individuals and turn this back into a free, fiscally normal country and we're not accepting anything less"!

ameriKa has "a combined state and local corporate tax rate of 40%—the highest in the industrialized world." Exactly How many nasty global superlatives do we want Washington to rack up for this land of the fee and home of the slave?

/\/.\/\/.

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