One has to give Rep. Nancy Pelosi (D-CA) credit for trying to push an anti-American agenda as the minority party in Congress.
Pelosi has unveiled a Democratic legislative “package” that includes the “Stop Corporate Expatriation and Invest In America’s Infrastructure Act,” a bill that prevents U.S. businesses from moving overseas, which according to Pelosi, would prevent these companies from “paying their fair share of taxes.”
Only a liberal Democrat, with no business experience and a less
than third grade understanding of taxation, could come up with such an
idiotic proposal for a bill in Congress. American corporations are
moving some or all their operations to foreign shores because the
American tax code rate for corporations is the highest in the
industrialized world. Liberals Democrats, with their idiotic tax code,
have given corporations every incentive to move offshore with the
highest corporate tax rate in the world driving them to do so.
The economic principle is simple. The more you tax something, the less you get in return for your efforts.
Understand
that corporations are taxed on their profits at corporate rates and
then stockholders are subsequently taxed at personal income tax rates
again on the dividends they receive on the same corporate profits
already taxed at the corporate level.
This is
exactly what the liberals want. Double taxation. They get two shots
at taxing the same profits. Not a bad deal, when you can get it. Of
course there is no moral or ethical justification for this, but then, we
know liberals are morally and ethically challenged in doing anything
that is morally or ethically right. That's just the joy of being a
liberal. You get to make up a moral and ethical construction that suits
the ultimate goal and, in this case, that is to squeeze and extract as
much revenue as possible from corporations and tax payers.
Back
to the present. Liberal Democrats have driven American corporations to
do exactly what they are doing for their stockholders, which, for
corporations, is to maximize the value of the stockholder's equity
holding in the corporation. Corporations have a fiduciary duty to bring
the greatest value to the stockholders. Liberal Democrats simply can't
get that concept through their Marxist socialist way of thinking. It's
completely antithetical to Marxist socialist dogma.
Liberal
Democrats are captives of Marxist socialist dogma, which demands a
redistribution of wealth from producers to those who consume the wealth
created by others, while those consumers of wealth do little if anything
to become part of the producer class in America.
There
are more people are on food stamps than are students attending all
levels of education in America. America has become a nation of grifters
living off the producers and why shouldn't they? Liberal Democrats
have given them every incentive to live off the producers of America
with the vast and wide ranging social welfare programs they have enacted
into law in order to gain political control over these people.
When
liberal Democrat government provides the basic necessities for human
existence, without any responsibility for those receiving the
assistance, a perpetual underclass is created and this underclass,
almost 50% of tax filers, does not pay personal federal income taxes and
a good portion actually get rebates in excess of what taxes they had
withheld by employers.
The best possible
outcome for America and its economy would be to completely eliminate the
corporate tax altogether and shift the tax to the personal tax rates
for individuals who receive dividends and capital gains from their
corporate income. Individuals would receive significant increases in
dividends which would make it more palatable to pay the personal tax
rate. This will, however, never happen because politicians in general,
and liberal Democrats in particular, will never willingly give up
control of a source of tax revenue, even if it means it will increase
overall revenues by eliminating the corporate tax.
What
makes Nancy Pelosi's proposal delusional is that there is no way on
God's green earth, with an enlarged Republican majority in the House,
that there is any chance of passing such Marxist socialist tripe. Could
a liberal Democrat be anymore anti American than Nancy Pelosi?
Probably not, but there are a lot of liberal Democrats that could
compete for that ignominious distinction.
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Rob Janicki is a retired educator, strong supporter of the 2nd amendment and all around good guy, as well as owner/operator of the website Wired Right and owes me 20 bucks.