White House Activism Against Corporations: A ridiculous argument against inversions
SEPTEMBER 29, 2014
This is what happens when you get activists who think like communists in the White House. I received this email from them recently trying to build a consensus against the American corporation desire to create tax inversions for themselves to avoid the incredibly high corporate tax rates found in North America. This is also what happens when corporations are demonized by a political class who wishes to believe that everyone underneath them is in the “middle class” and willingly submits to their gross miss management of national resources. What the idiots who wrote the below letter conveniently forget is that it was they who spent too much money—not corporate desire to hang on to the profits they’ve earned that is the cause of the problem. Read their ridiculous utterances here:
Here’s What Inversions Are Costing Us
You don’t get to pick your tax rate. Neither should corporations.
That’s why, earlier this week, the Treasury Department took initial steps to prevent U.S. corporations from using a tax maneuver to avoid paying taxes in America. This loophole — known as an “inversion” — lets a company avoid taxes by relocating their tax residence overseas while changing very little else about its operations or business.
And it’s costing Americans nearly $20 billion over the next decade — critical dollars that could grow and expand the middle class.
Take a look at why we are taking action to close the inversion tax loophole — then share it with everyone who needs to know.Inversions
Notice what type of presidents were in the White House during the periods of time shown on the graph. Big government socialist types as opposed to conservatives. When the White House says that it will cost $20 billion in lost revenue over the next decade what they really mean is that they have already promised too much money through mismanagement to future endeavors that cannot be paid for but through higher rates of taxation. This is the same lunacy that comes from public school mismanagement when they sneak through school levies to pay for unfunded desires—like inflated wages, elaborate buildings, and ridiculously wonderful benefits packages. What they all have in common is that they are government enterprises built by government minds that spend too much money so to remain in power—then expect tax payers to cover their costs out of some patriotic obligation.
No…………..
What this is called ladies and gentlemen is “mismanagement” of tax payer resources—not obligatory sacrifices to strengthen a middle class of subjects worshiping the feet of the political class. When they say this “is what inversions are costing us” they don’t mean……”us” as in you, me, rich and poor—they mean the political class who desires under a socialist mentality to rule over everyone else. They also want a blank check to waste as much tax payer money as possible then expect payment by their subjects without complaint. But to make matters worse, because corporations don’t have the ability to vote except through lobby power—the government targets them to pay a disproportionate amount of corporate tax by demonizing them into compliance. However, corporations in this new international trading system that the government so proudly sponsored is voting with their feet and leaving America for oversea tax shelters to protect themselves from a grubby government desiring to steal all the profits gained through production. This is the inversion process that the White House is complaining about and rather than deal with the problem they caused they are using email activism to attempt and build an argument of democracy against corporations to protect the financial burdens they already committed America to through mismanagement to pay.
These same fools in government almost in the very next sentence promise that they want to create jobs—yet their proposal is to create more government positions paid for by tax payers forgetting that the only real jobs that directly contribute to the GDP of a nation come from corporations and small businesses. They neglect to inform anyone that it is their mismanagement that is not only spending too much money, but also pushing jobs out of America making unemployment un-naturally high. Government is the cause of both problems.
It is truly arrogant for a political class to assume that nobody sees what they are up to, yet there it is directly from the White House to my email inbox. They are that audacious to complain about the life blood of the American economy—corporations—then promise jobs to people was if they had them tucked away in their back pocket like a condemn intended for use in a whore house. They are that ridiculously foolish.
Rich Hoffman
www.OVERMANWARRIOR.com
