OBAMA: MENACE TO SOCIETY

REASON #5

TAX INVERSIONS

AND

FREE MARKETS

U.S. corporations are leaving the United States as fast as they can as they seek more friendly business environments in other countries. Obama will propose legislation that will put handcuffs on U.S. corporations that will make it harder for them to leave for those more friendly business environments. That is like putting a band aid on a broken bone. It doesn't solve any problems. The U.S. has one of the highest corporate tax rates in the world and those corporations that have left already will never return. The corporations that left create jobs and taxation in the countries they flee to. Obama will say it is a race to the bottom but I say why give the government more of your money to redistribute?

Redistribution, as Obama is so fond of, is also known as Marxism, socialism and communism. My friend Lewis from Cuba explains redistribution and socialism by asking the following question, "If our neighborhood was allowed to come into my home and take any food from my refrigerator anytime they liked then they would have that much less incentive to work for the free food they receive and I would go broke and eventually starve to death because no one is giving me any food."

In addition to feeding the redistribution pig that never seems to get smaller, government intervention into free markets for alleged "patriotic reasons" is actually unpatriotic. Who remembers the K car by Chrysler? It may have been the most horrible people mover ever created. If you were patriotic and bought an American car you may have bought a K car. Detroit was happy and didn't change their ways or become more competitive because you were "patriotic."

Now assume you did not fall for the "patriotic" call to duty and instead you purchased a better quality imported car. You are the true patriot. Why? Because you did not support a company that built an inferior product through some ill informed "patriotic duty" and instead purchased a product that was superior in construction you forced American car companies to COMPETE FOR CUSTOMERS THROUGH THE FREE MARKET. Competition for consumers makes companies provide better products and become more productive. Government intervention and the bully pulpit merely entrenches established companies and practices. 

If you want to see what kind of car you would have if the production of cars was government run just google "Trabant" or click the link below. After you added six gallons of gas to the small tank you would have to add 2-stroke motor oil and then shake the car back and forth (unless you always carried a 6 gallon gas can with you). Those East German communists sure knew how to make a joke.

Handcuffing corporations to an outdated tax system to save jobs may sound nice but in reality it is merely a gimmicky sound bite that allows Obama to justify his salary. If Obama was a CEO of a corporation and he gave away the corporation's assets the way he is giving away assets from our U.S. Treasury he would be long gone by now.

Handcuffing corporations to this country sounds more like something Stalin would do in the U.S.S.R. The U.S.A. is beginning to look more and more like the U.S.S.A. (United Socialist States of American.

The only thing Obama inverts is reality.

According to Sarah Keller and Deborah Shanz, the United States of America is ranked 94th out of 100 countries for "tax attractiveness." Click the link below to read Keller and Shanz's Economic Report

http://www.econstor.eu/bitstream/10419/75220/1/749829451.pdf

Link to view the Trabant  (one of the worst cars ever produced) below

http://content.time.com/time/specials/2007/article/0,28804,1658545_1658533_1658030,00.html