Why Obama's 'economic patriotism' is bunk

[Nova78]

Why Obama's 'economic patriotism' is bunk

Washington is as cynical a place as you will find on earth but President Barack Obama's latest attack on corporate "deserters" in a speech in Los Angeles and an interview with CNBC's Steve Liesman sets a new bar.

Obama brought the full weight of the Oval Office to the issue of U.S. companies acquiring sizable stakes in foreign firms in order to reduce their U.S. tax burden, saying doing so is "neither fair nor is it something that's going to be good for the country over the long-term."

Obama added, "If you are doing business here, if you are basically an American company but you are simply changing your mailing address in order to avoid paying taxes then you are really not doing right by the country and the American people."
So, in the meantime, the White House can bask in the glow of the "economic patriotism" without actually doing anything to make the U.S. a more competitive and hospitable place to do business.

Obama is looking under rocks for money ,time to tap out Obama ,this Country can no longer feed the monster you have created .

 

[occupied]

Why don't you do the same? go elsewhere, call yourself something besides American and pay less in taxes. I'm not being factious You do not do it because you like it here and have no way to get the good income you have here somewhere else without paying taxes and that's the way it should be. Corporations have a loophole that allows them to have their tasty American profit cake and eat it too, it needs to be closed, access to our markets should contribute something to keep the infrastructure going and the security in place.

 

[Pete7469]

Obama is bunk...

You expect his sycophants to acknowledge his failures?

Good luck with that.

I'm just waiting for them to collapse the system so that the whole thing folds. We'll deal with the parasites at the local level. Once the engineering work is done we'll start fresh.

 

[Nova78]

Why don't you do the same? go elsewhere, call yourself something besides American and pay less in taxes. I'm not being factious You do not do it because you like it here and have no way to get the good income you have here somewhere else without paying taxes and that's the way it should be. Corporations have a loophole that allows them to have their tasty American profit cake and eat it too, it needs to be closed, access to our markets should contribute something to keep the infrastructure going and the security in place.

Good job Obama ,drive out the few remaining Companies out of United States, so the whole dam system will fold, then we can all be self employed and open up taco stands.

 

[NYcarbineer]

As you see, the real globalists are the American conservatives.

 

[Pete7469]

Why don't you do the same? go elsewhere, call yourself something besides American and pay less in taxes. I'm not being factious You do not do it because you like it here and have no way to get the good income you have here somewhere else without paying taxes and that's the way it should be. Corporations have a loophole that allows them to have their tasty American profit cake and eat it too, it needs to be closed, access to our markets should contribute something to keep the infrastructure going and the security in place.

God DAMN!!!

The second time this morning I've "view post"ed a blithering retard and I still can't believe what idiots they are.

We liked it here because we left you servile parasites behind in europe where you belong.

You chased us here because you fucked up 5 fucking continents and there were only 2 left. Now there's one. At least there's half of it, and you want it so bad you can taste your own shit.

You're to mother fucking stupid to comprehend the fact that we have one of the highest corporate taxes in the world thanks to vapid dipshits like you and you're still not satisfied.

How about you cocksuckers go back to europe and leave us the fuck alone?

 

[NYcarbineer]

It's funny how so many US conservatives want to use Europe as a model for corporate taxes,

as if the European tax model, as a whole, is what they think we should embrace.

 

[NYcarbineer]

Why don't you do the same? go elsewhere, call yourself something besides American and pay less in taxes. I'm not being factious You do not do it because you like it here and have no way to get the good income you have here somewhere else without paying taxes and that's the way it should be. Corporations have a loophole that allows them to have their tasty American profit cake and eat it too, it needs to be closed, access to our markets should contribute something to keep the infrastructure going and the security in place.

God DAMN!!!

The second time this morning I've "view post"ed a blithering retard and I still can't believe what idiots they are.

We liked it here because we left you servile parasites behind in europe where you belong.

You chased us here because you fucked up 5 fucking continents and there were only 2 left. Now there's one. At least there's half of it, and you want it so bad you can taste your own shit.

You're to mother fucking stupid to comprehend the fact that we have one of the highest corporate taxes in the world thanks to vapid dipshits like you and you're still not satisfied.

How about you cocksuckers go back to europe and leave us the fuck alone?

You're trashing Europe while at the same time you're worshipping their tax system.

Who's the retard, exactly?

 

[Mac1958]

.

Once again, the Left just doesn't understand that the purpose of a corporation is to maximize shareholder value, that the corporation has a fiduciary (l-e-g-a-l) responsibility to do so, and that a corporation will therefore have to act based on financial motivations. The purpose of a corporation is not to put food on its employees' tables or pay this tax or that tax. If they breach their fiduciary responsibility, they can and will be sued.

Because they clearly cannot seem to grasp this seemingly simple concept, the thought of a corporation acting in its best interest doesn't make sense to them. This country has the opportunity to make itself far more financially attractive to both our corporations and foreign corporations, but this administration is choosing not to.

When business is the enemy, it won't hang around long.

Not sure why this needs to be so difficult to understand.

.

 

[Malamute]

Why don't you do the same? go elsewhere, call yourself something besides American and pay less in taxes. I'm not being factious You do not do it because you like it here and have no way to get the good income you have here somewhere else without paying taxes and that's the way it should be. Corporations have a loophole that allows them to have their tasty American profit cake and eat it too, it needs to be closed, access to our markets should contribute something to keep the infrastructure going and the security in place.

Yet, Obama is encouraging corporations to bring in countless numbers of illegals to work more cheaply than Americans can. Obama has no loyalty to the American people, he has no moral ground here.

 

[Redfish]

It's funny how so many US conservatives want to use Europe as a model for corporate taxes,

as if the European tax model, as a whole, is what they think we should embrace.

corporate taxes and individual taxes are two separate issues.

For the record---------who pays corporate taxes?

 

[Redfish]

.

Once again, the Left just doesn't understand that the purpose of a corporation is to maximize shareholder value, that the corporation has a fiduciary (l-e-g-a-l) responsibility to do so, and that a corporation will therefore have to act based on financial motivations. The purpose of a corporation is not to put food on its employees' tables or pay this tax or that tax. If they breach their fiduciary responsibility, they can and will be sued.

Because they clearly cannot seem to grasp this seemingly simple concept, the thought of a corporation acting in its best interest doesn't make sense to them. This country has the opportunity to make itself far more financially attractive to both our corporations and foreign corporations, but this administration is choosing not to.

When business is the enemy, it won't hang around long.

Not sure why this needs to be so difficult to understand.

.

they also are incapable to grasping the reality that corporate taxes are paid by the people who buy the products made by the corporation i.e. consumers.

 

[occupied]

Funny how nationalism has no value to conservatives in this one tiny little area.

 

[NYcarbineer]

It's funny how so many US conservatives want to use Europe as a model for corporate taxes,

as if the European tax model, as a whole, is what they think we should embrace.

corporate taxes and individual taxes are two separate issues.

For the record---------who pays corporate taxes?

Corporations pay corporate taxes.

France gets 50% of its revenues from a VAT tax. Do you think that might have an effect on corporate income tax rates there?

You want to cut corporate tax rates? Whose taxes do you want to raise to make up that revenue loss? Your income taxes? Add a VAT tax? Add a national sales tax?

 

[TemplarKormac]

Why don't you do the same? Go elsewhere, call yourself something besides American and pay less in taxes.

You know, I should be able to stay in America and pay less taxes too. I can remember reading when that was the case. He can stay right here.

 

[TemplarKormac]

As you see, the real globalists are the American conservatives.

As we can see, Carbine hasn't a shred of evidence to back that assertion.

 

[occupied]

As you see, the real globalists are the American conservatives.

As we can see, Carbine hasn't a shred of evidence to back that assertion.

What evidence? National borders being no barrier to business either through taxation or regulation is the basis and the end goal of free market thought, you know that shit that conservative politicians used to shove out there before the recession?

 

[TemplarKormac]

It's funny how so many US conservatives want to use Europe as a model for corporate taxes,

as if the European tax model, as a whole, is what they think we should embrace.

corporate taxes and individual taxes are two separate issues.

For the record---------who pays corporate taxes?

Corporations pay corporate taxes.

France gets 50% of its revenues from a VAT tax. Do you think that might have an effect on corporate income tax rates there?

You want to cut corporate tax rates? Whose taxes do you want to raise to make up that revenue loss? Your income taxes? Add a VAT tax? Add a national sales tax?

It might, and it could explain why Francois Hollande's Socialist Party got drubbed in the national elections in March. You would love nothing more than to inflict further tax burdens on corporate income, wouldn't you? You do understand that if you do, you drive the prices of their goods and services up, right? You don't expect a corporation to sit there and keep it's prices the same while you increasingly tax their income do you?

For every action, there is an equal and opposite reaction.

 

[TemplarKormac]

As you see, the real globalists are the American conservatives.

As we can see, Carbine hasn't a shred of evidence to back that assertion.

What evidence? National borders being no barrier to business either through taxation or regulation is the basis and the end goal of free market thought, you know that shit that conservative politicians used to shove out there before the recession?

But one thing you fail to understand is that by increasing taxes on corporations and businesses here, you are forcing them to do business elsewhere, in other parts of the globe. So, if anything, liberals are forcing the globalization of American business, to sate their anger at those who make too much money. Globalization is not the end goal of free market thought. Such a claim is baseless. There was a scene in Star Wars where, while Leia was being held captive by the Empire, she made the comment to the Admiral, "The more you tighten your grip, Tarkin, the more star systems will slip through your fingers." In real world application, the more you regulate businesses, the more of them will slip through the cracks and start doing business in places not named the United States.

So what are you, a Marxist who advocates a planned economy? Or are you a Keynesian arguing business cycle theory?

 

[PredFan]

Funny how nationalism has no value to conservatives in this one tiny little area.

Jesus Christ! If you idiots didn't have strawman arguments, you'd have nothing to say at all.