This should make you furious at government. Ignore the typical CBS progressive rhetoric and hyperbole about the running dog capitalists “saluting foreign flags” and focus on legislators who would create this situation.
The New Tax Havens 60 Minutes, March 27, 2011 13:35 minutes
Interestingly, you’ll have to watch a one minute commercial in addition to the commercial lead in order to see the segment. At home, I record these things and skip the commercials but if I make the internet my sole source, I may be watching more commercials.
Lefties will hate corporations for “gaming” and “cheating”. Normal people will wonder how we elect legislators who could write a law that charges the highest rates in the world but makes loopholes that defy all common sense and bring in nothing. Why can’t we all keep our reasons to ourselves and work together to change the law: lower the rates, eliminate loopholes [no exceptions], and raise revenue.
How can our government continuously do nothing about this – except for occasionally making it worse? Throw the bums out.
Oh yeah. As part of reform, I would absolutely cut a deal to get companies to repatriate profits. I’d be reasonable – or it wouldn’t happen – and these companies would bring back the jobs, research and patents as well.
No comments:
Post a Comment