They used to call that slavery. Obama just called it Tuesday.

I’ve worked for bosses who wanted too much and gave too little. I got up and left. There’s a word for what you are when that’s no longer an option. As I recall, the word is not “citizen.”

Obama criticizes companies that leave U.S. for lower taxes

The title is accurate but incomplete – Obama did in fact criticize…

These companies “effectively renounce their citizenship,” Obama said at a White House news briefing. “They declare that they’re based somewhere else, thereby getting all the rewards of being an American company without fulfilling the responsibilities to pay their taxes the way everyone else is supposed to pay them.”

… But he did a lot more than that.

Obama praised regulations issued Monday by the Treasury Department aimed at making these inversions — in which U.S. companies combine with foreign firms to reduce U.S. taxes — more difficult.

The article implies that Pfizer, the present target of the new rules, is finding it downright impossible.

Setting aside the question of how a business entity can even be a ‘citizen,’ maybe Pfizer should go ahead and stay but change its name to “Dred Scott.”

About Joel

You shouldn't ask these questions of a paranoid recluse, you know.
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2 Responses to They used to call that slavery. Obama just called it Tuesday.

  1. MJR says:

    Government runs by stealing from Peter (taxes) to pay Paul (subsidies and services). While this arrangement keeps Paul supporting the government one question needs to be addressed: What happens when Peter gets tired of the theft and walks away?

    Well it looks like sooner rather than later we are going to find out.

  2. coloradohermit says:

    Not quite the same, but a current news story along similar lines. “New Jersey faces budget shortfall after billionaire moves to Florida.”
    http://www.upi.com/Top_News/US/2016/04/06/New-Jersey-faces-budget-shortfall-after-billionaire-moves-to-Florida/2001459951872/

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