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

Obamajustinks Wrote: Nov 14, 2012 8:17 AM
Over 4 years and thousands of hours of reading, learning and sharing, I foolishly believed that honor would triumph over deceit. I am spent now in 2012. Just give the democrats what they want so we can rebuild from the ashes. By continuing the fight, we are only making them stronger.

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...