America officially recognized as a Third World basket case:Drift into official Third World territory isn’t so much a fluke as it is a carefully crafted devolution
By Klaus Rohrich
CanadaFreePress.com
September 17, 2014
Over the past several months we’ve heard a lot about American corporations engaging in “inversions” as a tax saving strategy. The latest in this long line is the proposed merger of Burger King with Canada’s Tim Horton’s doughnut chain and relocating its head office in Oakville, Ontario, where Tim Horton’s is based. Predictably, the Democrats are seriously peeved, calling these companies “greedy” and “unpatriotic.”
However, looking at it from a less partisan perspective one can only surmise that many American corporations, in order to prosper and survive, are looking at ways to preserve their value to shareholders, and one such method is the acquisition of foreign companies and relocating.
“Why would anyone, even a corporation want to leave the United States?” you might ask. The answer isn’t terribly complex; it can be summed up in a simple statement. The US corporate tax structure is punitive, ridiculously complicated and uncompetitive. One of the reasons that real unemployment in the US is so out of control is because the Democrats have placed huge onerous burdens on businesses that discourage growth. Consequently, the majority of businesses are choosing to keep their cash in their pockets, rather than expose themselves to having it confiscated.
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