Geee Posted August 5, 2014 Share Posted August 5, 2014 Human Events: I’ve written a few times before on the Democrats’ big push for “economic patriotism,” which is one of the creepier euphemisms to slither out of their political laboratory. (Would it be possible for a Republican to describe anything as “economic patriotism” without facing a withering storm of mainstream media editorials, denouncing him for daring to question the patriotic fervor of his political opponents?) President Obama’s “economic patriotism” is a fairly straightforward and tedious cash grab, designed to cudgel a few more tax dollars out of corporations that dare to shift taxable revenue overseas after merging with foreign companies, to escape from the insane American corporate tax system. Obama has gone as far as referring to such businesses as “corporate deserters.” Deserters. What happens to deserters, again? This process, known as “inversion,” is not a big deal at the moment – not all that many companies have done it, and the net loss of Treasury revenue is a paltry two or three billion dollars over the course of the past decade - a sum that would be considered a rounding error in most Big Government schemes. And yet, the President keeps making a big deal about it. It’s virtually the only item on the Democrat agenda in the 2014 elections, other than protecting Obama from impeachment hobgoblins, catering to illegal aliens, and sternly criticizing billionaires who don’t exclusively donate to the Democrat Party. Link to comment Share on other sites More sharing options...
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