So, Donald Trump decides that all your money belongs Government (like the Democrats)?

by Skip

tax policiesIt is well known that Democrats have been furious with companies undergoing tax inversions – a US company buys a foreign company and then moves its headquarters to that foreign entity.  Reason? US corporate taxes are too high compared to other countries.  Given that their legal fiduciary responsibility is to their shareholders, they do the deal.  However, our feckless Progressive politicians believe that they are ENTITLED, to THAT tax money and that companies are STEALING that money that “belongs” to them in government.

Doesn’t matter that it actually belongs to them that earned it.  That’s the selfishness of the Entitlement State.

And Donald Trump has joined that Democrat outcry, albeit for a different reason (emphasis mine, reformatted):

Donald Trump offered new details Sunday about his plan to tax companies that move their factories to other countries in order to save money on labor costs. The Republican nominee told NBC News’ “Meet the Press” moderator Chuck Todd he would consider taxing these corporations a certain percentage on their imports to the U.S. as a penalty for hurting the economy and putting Americans out of work. And he said that if the WTO tried to stop him, he might withdraw the United States from the organization.

“It could be 25%. It could be 35%. It could be 15%. I haven’t determined. And it could be different for different companies. We have been working on trying to stop this government, because we don’t know what we’re doing. And not only Obama, they’ve been trying to stop this from before Obama. But they don’t know.”  Trump said previous attempts to lower interest rates and implement zero-interest loans have failed, which is why he is thinking over this new approach.

This is so wrong in so many different ways and Trump should know better (or those supporting him):

  • Jobs are a side benefit and not the main business of a business. Politicians believe otherwise (or at least say so in pandering for votes).
  • Companies do leave when confronted with uncooperative or bankrupting conditions – which are a function of a number of issues but certainly politicians and bureaucrats that have never signed the front of a paycheck putting more and more on companies’ back don’t help (re: minimum wage uplifts in Washington State, Oregon, and San Francisco for starters).
  • Hurting the economy?  See above – remove the often politically created barriers which often are the tipping point of go-no go.
  • “Different companies”?  So much for equality before the law when the Law, in the Donald’s eyes, is just relative.  Winners and losers should not be the domain of Government but in this, Trump seems to be aligned with the Dems (big surprise, right?).
  • Freedom – is it really up to Government to take the ability to move away?  Where in the Constitution does it give them that power (hint: it isn’t in the original meaning of the Commerce Clause which was to prevent in-fighting and retribution  between the States.

Notice that Trump talked about interest rates and loans – but not about the role that government has played in making industries packing up and leaving (the “thumb on the scale”).  To date, I have pretty much stayed out of the fray about Trump but I could not keep quiet on this.

This is wrong, wrong, wrong – he’s attacking the fundamentally the wrong issues.

 

 

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