“Collecting more taxes than is absolutely necessary is legalized robbery.” – Calvin Coolidge
People just love to be outraged. Being publicly offended or indignant is like injecting heroine directly into the veins of your ego. Being offended feels good because it momentarily boosts your value in your own eyes, and in the eyes of others. A show of public indignance tells people that some moral standard has been breached, and that you are the arbiter of that standard. In essence, it gives you the glow of righteousness. But more often than not, those who are the most frequently publicly offended are morons, who have no clue what they’re talking about.
Case in point: The Burger King acquisition. Burger King recently agreed to purchase a Canadian company called Tim Hortons (basically, the Canadian Dunkin Donuts). This purchase will not only allow Burger King to expand their empire, but it will give them the opportunity to move their corporate headquarters to Canada. This move is called “tax inversion.” By moving to Canada, Burger King will foot a much smaller tax burden than if they stayed in the United States. According to the Washington Post, the United States has the highest nominal tax rates in the world, standing at 39.1%, while Canada ranks 15th, with 26.3%.
The acquisition is an extremely savvy move on the part of Burger King. The end. Haha. Nah, you didn’t think that anything that benefitted business, and therefore customers, could happen without there being an outpouring of indignation from the left, did you? Without missing a step, many on the left have come out swinging, calling out the burger giant for betraying America–you know, the country liberals only care about when one of their own is running it.
Democratic Senator Sherrod Brown had this to say regarding the BK acquisition:
“Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders…Burger King has always said ‘Have it Your Way…Well my way is to support two Ohio companies that haven’t abandoned their country or customers.”
This is all very patriotic language for a group of people that call any show of actual patriotism “sickening nationalism,” or “ugly Americanism.” But whatever. The strangest part is that following his condemnation of Burger King, Brown called for a reduction in corporate taxes, so that businesses would want to stay in the United States.
So, let’s see if I can reconcile this. On one hand, Brown seems to recognize the toxic effect our high tax rates have on businesses, then turns around to condemn any business that would want to escape that toxic environment? It’s like an abusive husband condemning his wife for fleeing the home.
God forbid a company may want to legally (yes, legally) pay a lower tax rate! It boggles the mind! It’s almost as if they want to make a profit, or something.
According to Peter Morici of Breitbart:
“Simply, the U.S. federal corporate tax rate is 35 percent and applies to both Burger King’s domestic and overseas profits, whereas Canada’s rate is 15 percent and only applies to Tim Horton’s domestic sales…In the second quarter of this year, Burger King’s federal and state income taxes were 24 percent of its operating costs and 34 percent of its profits. Locating in Canada would cut those figures by up to 25 percent.”
All this liberal outrage is nothing more than a cover. They’re angry because they cannot trap businesses in the confines is an absurd tax system, which stifles growth, and prevents job creation. But they can’t say that, so they simply call the move a betrayal. This sentiment will, of course, be parroted by every vapid, grossly ignorant liberal voter, because they heard it on the Daily Show, or the nightly news. But, we know better.
Nice try, guys. Better luck next time.