Quote:
Originally Posted by Willravel
We're closing a corporatist loophole, SUPPORTING capitalism. Allowing this to continue was an attack on the free market.
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Think of this issue (the flow of capital and how it is taxed) like it is a large quantity of water. Water will always seek the lowest ground. It may or may not get there but to change its natural flow takes a hell of a lot of work and cement. Sometime trying to manage water is productive and sometimes there are unintended consequences that can cause sever damage.
The question we should ask - is Obama competent enough to manage this complex issue? Obama, being a person who has never run a business and that he is a socialist, does not give me confidence that he knows what he is talking about and that he is exposing populist rhetoric that will damage our tax base in the long run.
In a weird way Obama is SUPPORTING capitalism, in an international economy he will test national loyalty to profits. I bet on profits. As an individual I have loyalty to the USA, but as a capitalist I don't expect corporate entities to have such loyalty, as an investor I want corporations to focus on making me money.