The director of the White House’s national economic council, Gene Sperling, has a brilliant idea: This administration needs the right to tax everything everywhere so nobody can escape their confiscatory flights of fancy:

“He supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens.”

That’s pretty much an admission that these pinheads know their policies are chasing capital out of the United States. Instead of waking up to reality, they chalk it up to the selfishness of rich people packing up and leaving and then claim they need the right to reach across oceans to take money that would have rightly belonged to the U.S. government if these upper one-percenters hadn’t been so greedy. All this kind of talk does is incentivize people from other countries to make sure to not bring their money to the U.S. in the first place.

Obama claims he wants to lure business back to the U.S. Having an economic adviser talking like he wants to make the U.S. economy operate like the Hotel California (you can check out anytime you like, but you can never leave) is sure to send any business that might have been even considering a move to America crawling back to their digs in other parts of the world:

Update: The White House tries to “homina homina” their way out of this, but Sperling never mentioned anything about the U.N. I have no doubt the Obama administration wouldn’t want to tax globally in conjunction with the U.N. — if they did they’d have to share the haul.

Comments

10 Responses to “White House Economic Adviser: ‘Global Minimum Tax’ a Necessity”

  1. backwoodsconsr on February 14th, 2012 1:40 pm

    The real minimum tax is zero, and I think its use should be expanded.

  2. Misscheryl on February 14th, 2012 1:45 pm

    Just a question I have wondered about forever. Why didn't they distribute the stimulus money equally to American citizens? That would have been the common sense thing to do. People could have used the money to purchase homes, pay off bills, or stimulate the economy…

  3. backwoodsconsr on February 14th, 2012 2:04 pm

    Because that would actually make sense.

    It would also have the disadvantage of giving money to people who didn't vote or raise funds for Obama.

  4. Truesoldier__ on February 14th, 2012 2:19 pm

    Because the stimulus was never meant to stimulate the economy; instead it was to stimulate donations to the DNC. To put it simply, it was a money laudering operation.

  5. Truesoldier__ on February 14th, 2012 2:20 pm

    "they chalk it up to the selfishness of rich people packing up and leaving "

    And if you choose to do that the State Dept. will hit you one last time:

    "State Department jacks up passport fees, imposes $450 fee to renounce US citizenship"
    http://www.startribune.com/nation/138584884.html

  6. Truesoldier__ on February 14th, 2012 2:24 pm

    That and using real base line budgeting.

  7. Joe Redfield on February 14th, 2012 3:08 pm

    I vote we appoint Michael More to collect the minimum tax on Kim Jong-un, and Barney Frank to collect the minimum tax on President Alphabet of Iran.

  8. SignPainterGuy on February 14th, 2012 3:38 pm

    To save postings, GREAT COMMENTS AND IDEAS ALL !!

  9. Pasadena Phil on February 14th, 2012 5:15 pm

    The one-world-without-borders globalists at work. And guess what, this all started with Bush '41 and his "new world order" and "compassionate conservatism". The Fed is now the de facto world central bank and WHO is dictating that we need TWO flu shots each year, the American flu shot for the flu and the make-believe WHO flu shot for financing the UN one-government infrastructure by getting everyone all riled up over "avian flu", "leprosy", or other trumped up but scary pandemic about to hit us "for sure". The Global Warming initiative had been very promising but failed to establish the authority of the UN as the world's government..

  10. ChapBix on February 16th, 2012 1:19 am

    "Obama claims he wants to lure business back to the U.S. Having an economic adviser talking like he wants to make the U.S. economy operate like the Hotel California (you can check out anytime you like, but you can never leave) is sure to send any business that might have been even considering a move to America crawling back to their digs in other parts of the world:"

    Those folks over in India, among other places, are rubbing their hands in glee at this news

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