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Obama builds a corporate tax prison
Washington Examiner ^ | 4/7/16

Posted on 04/08/2016 2:59:23 AM PDT by markomalley

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Next move will be to tax all earnings, both foreign and domestic, of any company that does any business at all in the US, even if they are genuinely foreign companies.
1 posted on 04/08/2016 2:59:23 AM PDT by markomalley
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To: markomalley
The noose of "Capital Controls" gradually tightens here as in many countries of the world.
2 posted on 04/08/2016 3:11:47 AM PDT by ExSES (the "bottom-line")
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To: markomalley

Next they’ll build a wall to keep us in and claim it’s to keep others out.


3 posted on 04/08/2016 3:13:25 AM PDT by Cvengr ( Adversity in life & death is inevitable; Stress is optional through faith in Christ.)
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To: markomalley

How dare companies use legal tactics to escape the oppressive taxation of the democrats Wealth redistribution State.

What an insufferable bastard Obama is!

And the same brain dead human lemmings who voted him into the White House twice are ready to vote Big Bottom Rodham in to replace him.


4 posted on 04/08/2016 3:18:36 AM PDT by Iron Munro (Noah: 'When the animals began to pair up by specie and stand in line, I really took notice.')
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To: markomalley
When leftists like Barack Obama undertake to launder merit out of the education system, he invokes the ideal of equality which in the leftists' mind is the most important value. To achieve that value the left invokes the power of government and sacrifices personal liberty for the goal of equality.

When Obama attacks "inversions" he will support often draconian measures on the basis of "fairness" and equality. The problem is the more "fair" Obama is, the less fair the government is, the more oppressive the government is, the more Obama plays the tyrant.

Putting aside the reality of the rule of unintended consequences, we create an ever more tyrannical apparatus in the illusory hope of achieving equality. In our educational system we create an ineffectual, deadening, achievement killing apparatus in order that all children can be above average.

There can be no progress without inequality. It is the very inequality of capitalism that spawns competition and generates innovation. There can be no ultimate equality in politics without tyranny and there can be no liberty without inequality. (As an aside, it should be noted that there can be no ultimate political or economic equality, that does not exist even in North Korea or in Stalinist Russia.)


5 posted on 04/08/2016 3:19:31 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: Cvengr
Next they’ll build a wall to keep us in and claim it’s to keep others out.

Shh... Keep that thought to yourself.

If the democrats had thought of that they would have been demanding that George Bush build The Wall with Mexico back in 2001.


6 posted on 04/08/2016 3:23:21 AM PDT by Iron Munro (Noah: 'When the animals began to pair up by specie and stand in line, I really took notice.')
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To: Cvengr
"Next they’ll build a wall to keep us in and claim it’s to keep others out."

Spot on. He is already creating a virtual wall that makes it much more difficult for expats to establish and maintain bank accounts. Obama's goal seems to be to turn the US into Venezuela with the glorious revolution of socialist equality being the sharing of misery.

7 posted on 04/08/2016 3:24:53 AM PDT by Truth29
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To: markomalley

I think Obama is only doing this now because of the Trump effect. Trump has used corporate inversion and corporations moving factories to cheaper labor.

Obviously many people on this thread are globalists. I’ll tell you what a nationalist thinks.

- When a corporation in the U.S through whatever means moves to a foreign country, they lose all their intellectual property. Much of that IP comes from government subsidies and tax breaks on R&D, or through Universities — again funded mainly by the Government.

You really want to live in a United States where everything critical to our security and safety is sourced overseas? That’s a recipe for disaster.


8 posted on 04/08/2016 3:30:18 AM PDT by Fhios (Going Donald Trump is as close to going John Galt as we'll get.)
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To: markomalley

It never occurs to libtards to do the simple thing which is to lower corporate taxes and make the U.S. a more attractive place to do business and hire people.


9 posted on 04/08/2016 3:34:24 AM PDT by Sirius Lee (Trump <s>Cruz</s> or Lose 2016)
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To: markomalley

If 1 government lawyer (usually can’t make it in the real world) can dream up a convoluted business regulation then 10 real world business lawyers can figure a way around it. It’s the nature of capitalism.


10 posted on 04/08/2016 3:42:20 AM PDT by fella ("As it was before Noah so shall it be again,")
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To: markomalley

They need to turn around and work with others to put him in prison


11 posted on 04/08/2016 3:49:50 AM PDT by ronnie raygun
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To: markomalley

Yup, the wall is going up.

One of the ways you know you’re not in a free country is that you are not allowed to leave.


12 posted on 04/08/2016 4:37:44 AM PDT by fruser1
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To: fella
That's exactly right.

There's also a legitimate question of what kind of effort Congress is making to fix the problem. Some things are very simple to fix just by inserting a single line into a broader bill that the president can't possibly veto.

I saw this up close over the last couple of years with the trucking industry's complaints about increasingly onerous rules established by the Federal Motor Carrier Safety Administration (FMCSA). The FMCSA rules were legitimately imposed, in that the law establishing the FMCSA gave it the discretionary authority to make these rules for the trucking industry. But it eventually got to the point where a couple of them were seriously impacting the efficiency of the industry.

So ... under pressure from the trucking industry, Congress simply inserted a line in the major budget bill last December that said, in effect: "Rules X and Y imposed by the FMCSA are null and void."

That was the end of it. I deal with Federal bureaucrats as a matter of course in some of my work. For all the legitimate complaints we may have of them, I've never had a case where any of them stepped beyond the statutory limits of their authority.

13 posted on 04/08/2016 4:45:00 AM PDT by Alberta's Child ("Sometimes I feel like I've been tied to the whipping post.")
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To: markomalley

Bad economics, but good politics.

These moves will be widely popular with vast swaths of the population.


14 posted on 04/08/2016 7:12:47 AM PDT by Buckeye McFrog
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To: nathanbedford

That was so good I’m posting it on my facebook page.


15 posted on 04/08/2016 7:55:49 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Cvengr

>Next they’ll build a wall to keep us in and claim it’s to keep others out.

You mean like the TSA, NSA, etc.?


16 posted on 04/08/2016 9:24:12 AM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: Fhios

>>When a corporation in the U.S through whatever means moves to a foreign country, they lose all their intellectual property. Much of that IP comes from government subsidies and tax breaks on R&D, or through Universities — again funded mainly by the Government.

Correction: Funded by U.S. taxpayers, unwillingly and ILLEGALLY, through the Fed. govt.

2: Tax breaks don’t *cost* ‘govt’ squat. Tax breaks are entities keeping their OWN $$.

Here’s one Constitutionalist to a Nationalist: How ‘bout placing blame where blame is due...GOVT.

Fascist, Socialist, nanny-state, bloated, ineffective, unproductive, unconstitutional GOVT.


17 posted on 04/08/2016 9:29:17 AM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: Sirius Lee

>It never occurs to libtards to do the simple thing which is to lower corporate taxes and make the U.S. a more attractive place to do business and hire people.

And show that the Free Market and Freedom/choice WORKS? I want what you’re having/smoking/drinking /s


18 posted on 04/08/2016 9:30:32 AM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: Truth29
He is already creating a virtual wall that makes it much more difficult for expats to establish and maintain bank accounts.

And the GOP is all for it. Rand Paul is the only candidate that even talked about partially rolling back FATCA.

19 posted on 04/08/2016 9:32:34 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: markomalley

So, by changing a “rule”, Obama is allowed to change the law.

And here I thought we weren’t beholden to a king any more.


20 posted on 04/08/2016 9:34:01 AM PDT by MortMan (Let's call the push for amnesty what it is: Pedrophilia.)
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