Here’s a real-life example that speaks to the benefits of the Fair Tax in attracting business from around the world. It is the exodus of business from the United States as they escape the ‘tax hammer’ of the politicos in Washington. They are moving their domicile to Switzerland. How’s that for an economic stimulus?
As the Obama administration prepares to hit the energy industry with a $10 Billion tax ‘incentive’ (his word, not mine), the law of free-market economics does what it does just as sure as gravity does what it does, it ignores the will of the political class.
The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom. Yet a wave of energy companies has in the last few months announced plans to move to Switzerland — mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama’s tax-seeking administration.
In a country with scant crude oil production of its own, the virtual energy boom has changed the canton or state of Zug, about 30 minutes’ drive from Zurich, beyond all recognition. Its economy was based on farming until it slashed tax rates to attract commerce after World War Two.
The Fair Tax would, all on its own and without increasing our national debt, change the global business paradigm by making the United States the tax haven for businesses around the world.
Link: RPT-FEATURE-Corporate oil booms in low-tax Switzerland
‘Limbaugh’s political influence is not vast at all.’ That, according to Air America Radio host of the Ring of Fire program, Mike Papantonio.
That’s why I thought it odd that he would go to all the trouble to offer his political advice to RNC Chariman Michael Steele. Which is, have Rush start a third party.
I’m sure Rush will be taking advice from Mike Papantonio and/or Michael Steele. Besides he wouldn’t take the pay cut. Look what good advice it is. Split the party, dilute what little solidarity there is in the GOP, guarantee Democrats stay in power in Washington. Yeah, that sounds like a plan Rush would like. 🙄
The heartburn Papantonio has with Rush is two-fold. Professional envy is probably his biggest motivator. Rush is a conservative first, not a Republican first. And, Papantonio knows that conservatism is the antidote to the liberalism / socialism as proscribed by the Democrats in Washington today.
That one man, Rush, can create such an uproar on the Left belies the irrelevancy that is ascribed to him by Mike. It takes away from examining the real issues, like how Obama’s Cap and Trade plan will raise the cost on the poor for gasoline, natural gas, home heating oil, and electricity.
The poor can thank Obama for not raising their taxes. The poor can also thank Obama for replacing it with higher fuel and energy costs on them. And Rush can stay right where he is.
Link: Papantonio: GOP should turn its back on Limbaugh
This will cheer you up. Stunning video from Born Again American.
h/t to Onionman
video link: Born Again American
Captain, the ship is sinking! Right, and that’s why we need to put more holes in the hull. Below the waterline. We must act boldly, and swiftly!
Don’t blame me. I voted for the other Democrat. McCain.