Time for directive 10-289

Posted by $ Ripside 9 years, 7 months ago to Economics
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I'm seeing discussion about whether or not Burger King should be *allowed* to re-organize its operations as a multi-national corporation. Articles with titles such as "Should Burger King be allowed to..." Sigh. Life imitating (objectivist) art.
SOURCE URL: http://www.usnews.com/opinion/articles/2014/08/25/should-burger-king-be-allowed-to-move-to-canada-to-dodge-taxes


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  • Posted by iroseland 9 years, 7 months ago
    ok, lets also keep in mind they would still be paying taxes on domestic earnings. They would however no longer be paying high american taxes on the money made outside the US. Since the only growth path for the fast food industry is outside the US it now totally makes sense to stop paying 35% on non US earnings. This will put more money in their pockets to expand into those expanding markets. Of course the looters in Washington would love folks to believe that money earned in say Toronto by work preformed by a Canadian after getting taxed in Canada needs to also be taxed here resulting in BK paying the marginal rate to make up for the fact that Canadian tax is lower than domestic tax. Sadly despite the reality being wildly different from the "story" being told in progressive land I think we are actually headed for a directive 10-289 instead of doing something to make our tax system make us actually competitive..
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  • Posted by eddieh 9 years, 7 months ago
    It's funny that it's ok to let the looters in at the border with open arms, but not let producers out to try to stay profitable. It's like a giant ROACH MOTEL. you can get in but you can't get out.
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    • Posted by CarolSeer2014 9 years, 7 months ago
      That reminds me of Hotel California--You can check in but you can never leave.
      I'm not giving up, Gulchers. But I have to go shopping--at my retail shop, not of choice, but of necessity--Dollar Tree!!
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  • Posted by $ Abaco 9 years, 7 months ago
    It's funny to see the left's gyrations over this development in modern American business. They are pretty open about wanting to just enslave corporations.
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  • Posted by Hiraghm 9 years, 7 months ago
    Today I heard a snatch of liberal jerk's tirade at work, "...we need to develop solar power and put these f*ing corporations out of business!"

    I was already pissed, and when I heard that, I couldn't stop from saying as I walked past, very loudly, "... and the communist internationale will save... us... allll" naturally I was the one hated by the ignorant drones who think their paycheck is their right and the work required of them in exchange an unfair burden on them.

    My input wasn't appreciated. But the incredible stupidity behind the slaver making the statement surprised me. Even though leftist, I'd always thought he was somewhat intelligent, but he's just another unthinking progressive drone, who thinks he has the right to force people to develop technology HE likes, using money confiscated from the fruits of their labor, in order to (hopefully) put the large producers, including his employer, out of business.

    Using long words in a condescending sneer (typical of those on the left) obviously does not make one intelligent.


    Edit to add: I SO wanted to tear into him, to ask him to use his own money and knowledge to develop said solar technology, or to quit the corporate giant he works for and start his own corporation, as he's so much wiser than those running them. But, I had work to do, and I was so furious already, I didn't need any more fuel on my fire.
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    • Posted by CarolSeer2014 9 years, 7 months ago
      What kind of work do you do, H? You sound like a very angry man!
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      • Posted by Hiraghm 9 years, 7 months ago
        only at work :D

        I'm on the wax crew at Walmart #0564.
        I was pissed because I too often have to deal with a work environment straight out of 20th century motor company. (in fact, one manager and I have a running gag; when she sees I'm pissed, she asks if I'm going to be wearing my 20th century hat the next night...)

        Thank God she's back tonight...
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