Judge Learned Hand (1872-1961): “Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes.”
Columnist David Harsanyi: “[T]he majority of fast-food customers are probably less inclined than the petitioners of MoveOn.org to mistake high tax rates for patriotism. This kind of distorted understanding of national loyalty may work in populist politics, but not so much in markets. Few reasonable humans will meditate on Burger King’s corporate tax ‘inversion’ — or even its Brazilian owners — as they wait for the frozen French fries to be dropped into the deep-fryer. The four best-selling cars in America so far in 2014 are the Toyota Camry, Nissan Altima, Honda Accord and Toyota Corolla. One of the best-selling cellphone brands is South Korean. And so on. Does a Whopper taste like a Whopper? That’s all that matters. And it’s all that should. Nothing really changes for the consumer. Even among those who do pay attention, there will very likely be many who don’t believe that the purpose of a business is to placate the Obama administration or generate more revenue for government. The executive’s charge is to grow and sustain a healthy business, which this deal almost unquestionably does.”
Columnist Charles Krauthammer: “Democrats used to wax indignant about having one’s patriotism questioned. Now they throw around the charge with abandon, tossing it at corporations that refuse to do the economically patriotic thing of paying the highest corporate tax rate in the industrialized world. Odder still because Democrats routinely ridicule the very notion of corporations as persons. When Mitt Romney suggested this in 2011, Democrats mocked him right through Election Day. In the Hobby Lobby case, they challenged the very idea that corporations can have religious convictions. Now, however, Democrats are demanding that corporations exercise a patriotic conscience. Which is it?”
Patriot Post – Digest For Thursday
My Opinion: I absolutely cannot blame a company for moving overseas to save on taxes. (Well, except Tech Support. But only because I want someone who speaks English well so we can fix whatever problem I’m having.) Their purpose is to make money for their company and investors. Paying more taxes, especially to be “more Patriotic,” is just bad business. And stupid.
The Democrats should soon start calling not paying more taxes Racist; after all, they need as much money as they can get to “give” to their poor. re-educated, unable to work (all the jobs are taken by Illegal Aliens) “gimme free shit” Constituents so they can stay in power in Washington D.C.
I still think a flat 10% tax for everyone is the way to go. (And 5% for the State you live in and 2% for the County you live in.) Force the Government to live within a budget. Set up a web site where people can “donate” for things that affect them: You want a fence built? Go to the web site and donate to that fund. Same for bridges, roads, schools, whatever.
But, I’m just an old guy with too much actual living experience.