PDA

View Full Version : Economics Paul Responds to Obama Administration's 'Global Tax' plan


Taco John
02-15-2012, 03:39 PM
Congressman and 2012 Republican Presidential candidate Ron Paul has issued a statement strongly condemning Gene Sperling's call for a global minimum tax. Sperling is President Obama's director of the National Economic Council. See comments below:

"Gene Sperling's call for a global minimum tax is yet another example of this administration's hostility toward liberty, as well as its ignorance of economics. A global minimum tax would logically require some sort of global IRS to ensure the tax was paid, and it would give the government even more excuses to invade our financial privacy.

"History shows that any time 'minimum' taxes are created, they do not remain minimum. Greedy politicians will eventually increase both the tax rate and the number of people subject to the tax.

"A global minimum tax will further cripple economic growth, as more money is sucked out of the productive sector to be wasted by politicians and government bureaucrats. The American people are already struggling under the burden of high taxes, high spending, and outrageous debt. They do not need new taxes imposed on business at the international level.

"Instead of trying to impose new global taxes, President Obama and Mr. Sperling should join me in supporting repealing all taxes on the repatriation of foreign capital. This would inject trillions of dollars into the American economy and help create new businesses and new jobs. Tax-free capital repatriation is a major part of my Plan to Restore America.

"I hope my four rivals for the presidency - Mitt Romney, Rick Santorum, Newt Gingrich, and President Obama himself - will join me in denouncing Mr. Sperling's call for a global tax."


http://www.marketwatch.com/story/ron-paul-responds-to-obama-administrations-global-tax-2012-02-15

Taco John
02-15-2012, 03:40 PM
<iframe width="420" height="315" src="http://www.youtube.com/embed/gO5B1378P54" frameborder="0" allowfullscreen></iframe>

Taco John
02-15-2012, 03:41 PM
<iframe width="560" height="315" src="http://www.youtube.com/embed/bnut7CuI6fg" frameborder="0" allowfullscreen></iframe>

BucEyedPea
02-15-2012, 03:46 PM
Shared international sacrifice = International socialism=world communism=what globalism is ultimately about.

And for some a world government incrementally being built through structures within the UN. For instance our military is predominantly being used to enforce it's resolutions.

Once this stuff gets implemented you cannot count on a single mainstream Republican to repeal any of it. The leadership of the GOP is now in the control of the same kind of people. I saw a Republican on FOX News during the Bush era saying America now needs to handle world poverty.

ClevelandBronco
02-15-2012, 04:08 PM
Shared international sacrifice = International socialism=world communism=what globalism is ultimately about.

And for some a world government incrementally being build through structures within the UN. For instance our military is predominantly being used to enforce it's resolutions.

Once this stuff gets implemented you cannot count on a single mainstream Republican to repeal any of it. The leadership of the GOP is now in the control of the same kind of people. I saw a Republican on FOX News during the Bush era saying America now needs to handle world poverty.

You "saw a Republican." Good grief. Been taking posting lessons from BEP?


MUCH LATER EDIT: Holy crap. I mistook the quoted post as being from someone else. (I won't say who. It's just too insulting.) Of course it's BEP. Only she could post something so absolutely mindless.

HonestChieffan
02-15-2012, 04:13 PM
Obama addressed his global minimum tax today.

http://www.weeklystandard.com/blogs/obama-pushes-global-minimum-tax-milwaukee_629864.html

“[N]o American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas,” Obama said, according to his remarks as prepared for deliver. “From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay and hire in the United States of America.”


This is interesting and deeply disturbing at the same time. And it ignores all of the very basics involved in business and manufacturing on a global market platform.

If John Deere wants to sell tractors in Italy, should we force them to build said tractor in the USA? What if they build them in Italy and pay taxes in Italy? Can Obama impose a tax on John deere just because they are based in The USA?

And if they build that tractor in Italy and export it to the USA will they pay a tariff in addition to the Italian Tax and the newObama global minimum tax?

I would expect the result would be that JD would find they cannot compete and the tractor business would go to Fiat. No economic gain would accrue to JD and no tax revenue would be generated thus all parties lose.

As long as All lose this is good. Somehow this seems rather draconian for any American company who desires to expand in a global market.

patteeu
02-15-2012, 04:21 PM
Shared international sacrifice = International socialism=world communism=what globalism is ultimately about.

And for some a world government incrementally being built through structures within the UN. For instance our military is predominantly being used to enforce it's resolutions.

Once this stuff gets implemented you cannot count on a single mainstream Republican to repeal any of it. The leadership of the GOP is now in the control of the same kind of people. I saw a Republican on FOX News during the Bush era saying America now needs to handle world poverty.

This global minimum tax idea has nothing to do with international socialism or world government. It's simply over-reach by our own federal government and the insatiable taxers currently running it.

patteeu
02-15-2012, 04:23 PM
BTW, I agree with Ron Paul on this and I'm confident the other 3 GOP candidates will too.

BucEyedPea
02-15-2012, 04:44 PM
I'm sure once such a tax plan is implemented no mainstream Republican would repeal it. Candidates can speak against it until then though. That is meaningless. I look at the past behavior of the ms GOP. That's a more reliable standard.

patteeu
02-15-2012, 05:04 PM
I'm sure once such a tax plan is implemented no mainstream Republican would repeal it. Candidates can speak against it until then though. That is meaningless. I look at the past behavior of the ms GOP. That's a more reliable standard.

You're generally so confused, no one cares what you look at.

go bowe
02-15-2012, 06:37 PM
You're generally so confused, no one cares what you look at.

now hold on, some of those 911 truther guys like her and there's taco, her secret lover, he cares what she looks at...

and that other guy i can't remember, he cares about the poor thing too...

besides, you're just trying to give confusion a bad rap... :huh:

FishingRod
02-16-2012, 10:46 AM
An honest question. What does it take to make an” American” company into a French or German one. I’m sure it can be done but not sure how difficult it would be.