Obama Cracks Down on Tax Inversions

A proposal straight out of Atlas Shrugged.

by Rod D. Martin
September 24, 2015

So Obama is moving to "crack down" on tax inversions, which is nothing if not one of the monstrously self-defeating laws passed by the looters in Atlas Shrugged.

There are two real scandals here, and neither of them have to do with tax avoidance. 1. Companies are leaving what has always been the greatest country in the world because it's become too expensive to do business here, because 2. Our government now imposes the highest corporate tax on Earth, almost double the world average.

Why would anyone be dumb enough to do business here (he says, while doing business here)? And why do these people not understand that if you attract more companies at a lower tax rate, there's more total profit and thus more total tax revenue?

If we aren't tax competitive we will continue to have high unemployment indefinitely, and our standard of living will continue to fall. That's a heck of a price to pay for preferring covetousness to growth.

And that's what socialism is,…