Corporations Fleeing From American Greed

We always talk about corporate greed.  But many countries are fleeing the greed of the American people.  

The average corporate tax in Europe is 25%.  In America, with Federal income tax at 35% and the average state income tax at 4%, companies pay 39% corporate tax to be headquartered in America.

U.S. Corporations found a way around this ... it is called inverting.  The buy a foreign firm and then move the headquarters to that country.  Congress in their brilliance has made this harder to do.  But, now something else is happening.

Foreign corporations are buying U.S. Corporations at an accelerating rate.  Over $335 billion worth of U.S. corporations have been sold this year.  How do they do it?  They simply point out to the shareholders all the taxes they will save by being owned by a foreign corporations.

Yea, we can get even tougher on the corporations, but they will simply move everything to overseas with the loss of American jobs.  Yea, sure we can also put a tariff on the goods, but guess who pays the tariff ultimately, the U.S. taxpayer, plus the other country can play the same game with our country exports.   It is a lose, lose game.  We must play the game by the world rules or the world simply discounts America.  We are not King Kong anymore.

We live in an international environment. We need the world, increasingly the world only needs our military might.  It is a role we have chosen, to be the world policeman. But, we can not pay for that military by taxing corporations more than the rest of the world taxes corporations.  Our greed will simply drive corporations from America to a place that treats them better.