Biden: "We Want To Create A Global Minimum Tax"

Biden calls for a global minimum tax. Governments oppose tax competition because it greatly benefits low tax nations who aren't spending themselves into bankruptcy. Biden's logic is deeply flawed. Yes, capital is parking its butt in low tax nations but that's because the US has embarked on a policy to chase capital offshore. Congress has literally legislated low tax treatment for corporations who earn their profits offshore while taxing profits earned on US soil at higher rates. This has not only been going on for decades, it has resulted in decimating domestic manufacturing. Capital flows according to the laws of financial gravity and will always seek the most capital friendly abodes.

"For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%," Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week. "We want to create (what's called) a global minimum tax, because American taxpayers shouldn't be providing a larger subsidy for investing abroad than investing at home," Biden said at a campaign event.

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Real Clear Politics

Barack Obama Tattoos

With Barack Obama's approval ratings still at a solid 62%, I became suddenly curious to know how popular the 44th U.S. President really is. Are people so enamoured with President Obama that I could do a quick Google search and turn up some photos of people with permanent tattoos of Obama inked into their very skin? Oh yeah. It's that bad. Below are ten examples of Barack Obama tattoos (some decent, some pretty awful). PS: As a control, I decided to Google "bush tattoos." I found only two examples in the first couple pages, and they were decidedly anti-Bush. I also learned to never, ever Google "bush tattoos" again. Seriously. Don't. There are some gross tattoos out there. In the interests of full disclosure, I must admit that I am not a fan of President Obama . But I've got to say that the tattoos above aren't nearly as bad as this: Editor's note: The pictures are linked to their respective sources. To view the source pages, simply click ...

Legal Marijuana On The Michigan Ballot for 2018

A Michigan ballot initiative to legalize recreational marijuana received enough valid signatures to qualify for a vote in November. When the required number of ballot signatures was certified by the State Board of Canvassers, the 4-0 decision of the board was met by cheers from supporters of the initiative who were present, the Detroit Free Press reports . Rick Thompson, a board member of the Michigan National Organization for the Reform of Marijuana Laws (NORML), put this ballot initiative in perspective as a matter of the State of Michigan safeguarding its own sovereignty and protecting its own citizens from an intrusive federal policy: "The people of Michigan deserve this. They earned it. We've faced many trials and tribulations. We've had so many stop and go signs from the federal government. That's why states have to take the reins on the issue and really be the crucibles of democracy that they've always been intended to be." Indeed the last time ...

What I did on the ten year anniversary of 9-11

During my brief trip to Korea, on the ten year anniversary of 9-11, I did exactly what the terrorists didn't want me to do: I lived without anxiety. I lived without regrets. I lived without fear. I let nothing intimidate me. I let my soul be still. I laughed with my friends. I tried something new. I marveled at nature. I sang at the top of my lungs... badly. My heart was at ease, because I spent all day knowing that for me, this day and every one that preceded it for the last decade was not about the terrorists, but about loving my life, the world I live it in, and the people with whom I am so lucky to share this world. The best memorial I could offer for so many thousands murdered ten years ago, was to ignore their murderers, live without terror in my heart, and in its place let blossom joy. This post is dedicated to you, chingu . Wes Messamore , Editor in Chief, T H L Articles | Author's Page

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