In response to:

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

dfiscus Wrote: Nov 13, 2012 5:06 PM
I am not responsible for the rest of the world. I support underprivileged children in other countries, but the reason that most other countries are poor is because their government is either corrupt or communistic.

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...