First, here is how
the solution of the Obama leftists always makes things worse.
The leftists complain that fat cat corporations are making too
much profit and paying the executives too much so they have to tax the
corporations more.
The corporations respond by keeping money in banks overseas
since they only pay taxes when profit is returned to American shores. This hurts reinvestment in American jobs. The leftist responded by planning to tax
profits kept overseas.
The corporations responded instantly by moving their
headquarters overseas, registering their corporation overseas and dissolving
the American corporation. They lay off
American workers.
The leftist responded by changing the rules and saying
overseas corporations still have to pay American taxes if more than 50% of
their business if done in America.
Now the American corporations are planning to sell off or shut
down their American facilities raising American unemployment further and
helping American hating leftists destroy the American economy. That is the stupid America hating leftist economic
planner’s scenario.
But the solution of
American Free Enterprise works as follows.The American Free Enterprise
people complain that fat cat corporations are making too much and paying the
executives too much because they are not paying dividends or expanding
production and are instead robbing the share holders blind while they are
cheating other Americans by paying little or no taxes at all.
The American Free Enterprise people respond limiting
executive pay to no more than 100 times the higher of; the average wage
of any American employed by the company or USA company supplier or, 200 times
the average wage of any foreigner employed by the company or company
supplier. This is fair for Americans and
limits the exploitation of sweat shop workers.
In addition the American Free Enterprise people respond
replacing the corporate income tax with a more appropriate value added Federal
tax on all American Corporations similar to the EU amount of 20% but only on
the value added by the corporation above and beyond the costs of all the materials
and labor used the supply chain. In
addition it is managed the way the EU manages theirs. It is built into the product purchaser’s
cost. Foreign trade improves because
foreign individuals and corporations do not pay the tax. The American trade balance would benefit
enormously and American jobs would grow tremendously.
The problem with Obama, Kerry and Hillary and others such as
Putin, Hitler, Mao, Pol Pot, and all the national religious dictators or
nationalist socialists, internationalist socialists, or religious dictators or
other want-to-be dictators is they hate the free enterprise economy or are just
stupid socialists who failed Economics 101.
Most never even attended Economics 101.
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