I don’t blame anyone for saving money by voting with their feet. What I find reprehensible is where such people then agitate to make it difficult or impossible for any of their fellow citizens to do the same.
This extends to corporate tax policy. Apple just stated that they would keep $60 billion of their own money parked outside the US until the US stops taxing it so much. They have every right to do so and indeed are only being prudent based on the rules.
However, all too often union officials are at the head of the line agitating to tax corporations like Apple, while lamenting the lack of new jobs. Such small-minded coveting is one of the reasons we are in continue to dig ourselves into a deeper hole.
Apple says $60 billion will remain overseas until US tax law changes
By Brendan Sasso and Bernie Becker - 03/19/12 04:24 PM ET
Apple made an aggressive pitch for a corporate tax holiday Monday, stressing that it plans to keep more than $60 billion parked offshore until Congress makes it easier for companies to bring those profits home.
The warning from the nation’s most valuable company came as Apple announced it would pay a dividend to shareholders and buy back stock, moves that will cost about $45 billion over three years. ..