In response to:

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

Jim3912 Wrote: Nov 13, 2012 9:32 AM
The American public needs a succinct and clear view of the facts as they affect our economic welfare! Political posturing that obscures the facts only makes the public more confused and distrustful, and more inclined to follow those who they "perceive" as operating in their best interests. Politicians must wise up and not take the public for granted!
Drifter33 Wrote: Nov 13, 2012 9:35 AM
Such a thing is surely impossible--straight talk went out of style long ago, Jim.

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...