Burger King has merged with a Canadian company, Tim Horton’s, for many reasons but the one reason that will overwhelmingly benefit BK’s employees and customers is the lower tax rate for this hugely successful corporation. Congratulations and kudos to BK!
“Burger King has acquired Tim Horton’s for $11.4 billion U.S. While an optimist may hope this acquisition produces the donut technology needed for a mass-marketed Luther Burger, a realist has to acknowledge that it’s probably about corporate inversion.
Simply put, corporate inversion means a corporation reincorporates in a lower-tax country abroad. The common justification of taxation is that the government provides the public goods that business needs to prosper. But the United States is unique in that it taxes corporations at 35 percent regardless of where the income is earned, and hence regardless of whether the corporation benefited from any public goods.
“When a firm operates in a competitive environment, a reduction in tax rates translates into reduced prices for consumers. No one usually complains when firms find cheaper ways to produce and then pass these savings on to consumers. It is only a strange form of patriotism, driven largely by political interests, that equates love of country with the love of the IRS.”
For those of you who truly work for a living, how do you feel about funding limitless vacation time for the unemployed?
“Only 18.9 percent of Americans who were unemployed (in surveys conducted from 2009 through 2013) spent time in job search and interviewing activities on an average day, according to BLS. Yet 40.8 percent of the unemployed did some kind of shopping on the average day–either in a store, by telephone, or on the Internet. 22.5 percent of the unemployed, according to BLS, were shopping for items other than groceries, food and gas.”
“An unemployed person—on the average day—was more likely to spend time on shopping, sports and recreation, socializing and leisure, than they were searching for and interviewing for a new job, according to BLS.
According to BLS, 96.7 percent of the unemployed spent time during the average day participating in “socializing, relaxing, and leisure” activities and spent, on average, 5.93 hours on those activities—or more than twice the number of hours they spent job searching.”
From the Washington Times:
“Government policies are creating the next candidate for taxpayer bailout: the Federal Housing Administration. Originally created to help low- to moderate-income Americans buy houses, this agency now guarantees mortgages as large as $730,000, which is significantly higher than the $625,000 houses whose loans Fannie Mae and Freddie Mac backed before the housing collapse”
“While the Fed will look to “employment cost” in deciding what to do in cutting back on monetary stimulus and raising interest rates, it’s not so much that wages rose by 1 percent that matters, but that productivity actually fell by 3 percent last year, and what happens this year. If productivity fails to rise, we could be stuck in stagnation because an employer cannot afford to pay more to an employee who isn’t more productive. The growing burden of regulations is holding back productivity.”
by James Delingpole 30 Jul 2014
“There aren’t a lot of functioning democracies around the world that work this way where you can basically have millionaires and billionaires bankrolling whoever they want, however they want, in some cases undisclosed. What it means is ordinary Americans are shut out of the process.” Barack Obama, White House press conference, Oct 2013.
Yes, indeed. But the millionaires and billionaires doing the damage are Obama’s allies on the liberal-left, not his enemies on the right. So says a devastating report published today by the US Senate Committee on the Environment and Public Works.
The report details how an elite group of rich liberal donors such as Tom Steyer and Hank Paulson – “the Billionaire’s Club” – is directing and controlling the far-left environmental movement, “which in turn lobbies and controls major policy decisions and lobbies on behalf of the Environmental Protection Agency (EPA).” Read more and see the full Senate report on Breitbart.com.
Hat tip: GlennL
Using the Veteran Affairs debacle as an excuse progressive House Republicans are growing government YET AGAIN! SHOCKER!
“This is how House Republicans want to fix the VA situation. Only it won’t actually fix the problems. It just spends massive amounts of money to bandaid the problems. As Daniel Horowitz notes, “Total VA spending has increased by 56% to $152 billion since 2009, yet the crisis has only gotten worse.” The House Republicans’ solution is to spend even more.”
What are we being told time and time again? That small business is the engine of our country. But this is fast waning as small businesses struggle to survive under crushing regulations and taxes. Now another threat confronts them: the National Labor Relations Board.
“Big Labor has put a lot of time and money behind unionizing the fast food industry but hasn’t had much to show for it so far. They might soon get a lucky break though when a federal government agency decides a case that could rewrite corporate franchising law.
The problem Big Labor has is that in most cases your favorite drive-through burger joint is actually a locally owned small business. About 80 percent of the 12,700 McDonald’s restaurants in the U.S., for example, are not owned by the corporation.”
“An upcoming National Labor Relations Board case involving complaints against McDonald’s may fix that problem for unions. The NLRB might decide that both the parent corporation and the local franchises are in fact joint employers.”
Things have gotten so bad that Detroit residents are fighting over the only thing more urgently necessary than food and weapons when nature reclaims its authority over civilization.
Even gasoline and fire can be lived without. But not water.
Wars have been fought over it and civilizations have ceased for the lack of it. And so the battle rages in Detroit as the once-great civilization slips into chaos.
Click for the rest of the article-
As if it was not bad enough that the taxpayers are footing the bill for over 40 million food stamp recipients, now your food prices will go up even more when food stores have to pass on their INCREASED cost of doing business to YOU. All for the good of ensuring food stamp recipients are better educated on how to eat. Oh yeah, this will probably become a mandate as more ridiculous things have been mandated in the past.
From the Daily Mail- Free movie tickets and supermarket cooking classes are just a few of the latest recommendations the government is proposing to trim America’s waistband. The new proposals were detailed in an 80-page report released this month by the U.S. Department of Agriculture and is focused on the 42 million Americans receiving food stamps. However, it’s uncertain if grocery stores will take up these new programs as First Lady Michele Obama is already coming under criticism for her health school lunches.
The new recommendations are designed to reward healthy eating and change supermarket layouts and programs to highlight more nutritional foods.
Click link for the article- www.dailymail.co.uk
Get ready for many years of, at best, economic stagnation or, at worst, long term depression and hyperinflation. The new EPA regulations will ensure any or all. Businesses that create productive jobs and economic growth cannot depend on irregular and expensive energy. Read both articles.
“Spain may be a very different place from America but where renewable energy is concerned, the rules are exactly the same: the more “clean energy” you develop, the more scum-sucking corporatist parasites you attract, the more eagles you slice and dice, and the greater the burden you place on both the taxpayer and the economy – all to no discernible practical purpose whatsoever.
Welcome to Obama’s bright green future. The Spanish (and the Danish, and the Portugese, and the Germans…) have already seen it and it doesn’t work.
Is this the law of intended consequences?
A recent survey conducted by McKinsey & Company estimated that only 53 percent of previously uninsured enrollees had paid their premiums, while 86 percent of previously insured individuals had paid theirs. According to Forbes, “Georgia Insurance Commissioner Ralph Hudgens said that insurance companies participating in the ACA exchanges in his state have received payment from only about half of those who applied for coverage. Georgia insurers received more than 220,000 applications for health coverage, but premiums had been paid for only 107,581 of those policies by the end of March.” So who is then left covering the tab during the grace period? Doctors. Read more at bankruptingamerica.org.
Click here for a RELATED post
As our health care insanity continues there will be more and more draconian cuts to physicians’ reimbursements. Specialty medicine will decline at an ever escalating pace as physicians see no reward for the hard work and devotion required to become specialized caregivers. Fewer and fewer hospitals will be able to withstand the onslaught of federal audits for so called “fraudulent” payment practices. The delivery of medical care is already overburdened as the demand grows for “free” and “cheap” care. This article describes why these consequences will occur as we skip down the rosy path of ”guaranteed’ health care.
“Earlier this month there was tremendous press attention to new data indicating that enrollment in the Affordable Care Act (ACA)’s health insurance exchanges had surpassed 7 million.”
“Our national discussion, however, is missing the truly significant story here; what is unfolding before our eyes is a colossal fiscal disaster, poised to haunt legislators and taxpayers for decades to come.”
Here’s a little levity on Tax Day (if that’s possible). You may rest assured, however, that every cent you pay will be put to good use. And by the way, I’m sure all those folks out there with free cell phones are extending you their warm appreciation. Whether or not you’ve heard Pharrell’s hit song “Happy,” you can appreciate this Tax Day parody by Reason’s Remy.
Hat tip: email@example.com