In response to:

At the Fiscal Cliff I Cry "Jump, Jump, Jump!"

Context Wrote: Nov 13, 2012 7:29 AM
Democrats somehow think corporations will not find a way around Biden's Global Minimum Tax....to which I sarcastically say "right." Just like ocean shipping companies fly "flags of convenience," companies like GE, UPS, FedEx,and all the airlines will just spin off subsidiaries that are incorporated in, and pay taxes to,"countries of convenience." A wiser administration would instead make it easier for global companies to repatriate their profits from abroad to the USA where they could be used to invest in, and create jobs here. Sadly, the Obama administration has zero business experience and NO common sense.
Drifter33 Wrote: Nov 13, 2012 9:32 AM
Democrats always use "static analysis" when crafting their schemes.

To a democrat (read: "totalitarian") politician, "What 'is' now, will always be". This is the starting assumption for every scheme they create.

A democrat sees an existing reality--corporate profits that need to be "spread around", for example--and they naturally think, "I need to tax that!"

They enact the tax and think, "Well, that's that. Justice!"

And that ends their thought process. They've "solved" the "problem", so that's it. Never once do they take into account the maneuvering that the other side of the equation will undertake to avoid the tax.

Democrats don't see that there is an equal and opposite reaction to their schemes.
Mike4166 Wrote: Nov 13, 2012 8:08 AM
Rather, Context, "zero business experience" is a badge of honour for Democrats, and "common sense," to them, is a four letter word.

The most expensive tax in the history of the world has been proposed by the Obama administration and to hear them tell the story, you’d think the rest of us should be grateful.

“We want to create a global minimum tax,” said vice president Joe Biden, “because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.”

A global minimum tax is a tax on all profits made by nominally US companies that operate overseas. They operate overseas for various reasons, but one big reason is because corporate taxes are higher in...