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Crack in the Far Right World

488
Obdicut (Now with 2% less brain)8/21/2010 9:18:07 pm PDT

re: #470 karmic_inquisitor

I’m sorry, but the ‘then they’ll just offshore all their money’ argument doesn’t go anywhere with me, since the government could also pass laws ensuring that no, they couldn’t. In addition, investment in American companies is still, economically, more worthwhile than investment in most other places. There is not an infinite universe out there for investors to choose from. It is true a lot of companies are playing the trick of incorporating elsewhere while doing most of their business here, but that doesn’t mean we should simply lower taxes until they’re at the level of the Cayman Islands.