A wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration.Obama, who is likely to be the greatest tax-and-spend president ever, is about to find out all that tax revenue he is depending on to fund his multi-trillion-dollar spending spree, is not - and will not- be there.
It will not be just energy companies bailing, but every corporation that has the ability to escape this approaching tax monster. The rich will leave with them, leaving only the American middle class to tax, since Indians, minorities, low-income and illegals pay next to nothing, or nothing at all.
But wait... America's middle class has been destroyed, their jobs and factories shipped offshore by the very same federal government that still thinks they're still capable of paying the bills.
When all this runs into the brick wall of reality, it will be the crash heard round the world.
I used to say this was a great century to be born in. But it was the last century I was referring to, not this one. This one is going to be a real gut-ripper.
1 comment:
This is the century that has to pay for all the bills run up by empty campaign promises, minority-favoritism, manufactured rights, counterfeit equality/prosperity and corporate welfare since 1932.
Get your life jacket on, and be ready for that cold, cold water.
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