August 6, 2014
Quote of the Day
All Hail! David Harsanyi is not too impressed with Jonathan Alter's "Loyalty Oaths" and President Obama's "Economic Patriotism."
Clearly I'm not the rock-ribbed patriot Alter is, because I hope corporations continue to use inversion to avoid taxation until DC is forced to pass reform that completely eliminates corporate taxes that unnecessarily burden consumers. Multinational corporations do not exist to be tax collectors. Now, if a person was going to get into the economic patriotism game, he might point out that rent-seeking companies that subsist on government subsidies and use their political connections in Washington as a cudgel against competition, are engaged in something far more un-American. And you can imagine the unholy cronyism that's likely to erupt once the executive branch begins deciding which companies deserved to be rewarded for their patriotism.
Hat-tip: Insty Quote of the Day Posted by John Kranz at August 6, 2014 10:50 AM