Ferguson’s looter mentality in Washington DC [Darleen Click]
What is the difference between these Ferguson “protesters” …
CBS interviewed three young men in Ferguson, Missouri this week.
One protester Gunny warned officials:
“To be honest, if they don’t come and restore these neighborhoods for these people, like when you gotta go travel miles to Walmart and to get gas and stuff like that, it should be right here. If they don’t restore this community for people who stay here it’s gonna be hell to pay…
A second protester chimed in:
Yeah, that’s why people looting, because they can’t get no jobs.
… and Obama’s bloviating about “unpatriotic”companies fleeing the US’s looter corporate taxrates through inversion …
In remarks and statements made on July 24, President Barack Obama appealed for “economic patriotism” from those American corporations that are contemplating a “corporate inversion” as a means of avoiding the high United States corporate tax rate, whilst also dragging Ireland’s lower tax rate into the controversy. [...]
In an address to a college in Los Angeles, the President pointed to corporate inversions as a “threat” because, while the companies’ businesses still remain in the US and have “all the advantages of operating in the US, they just don’t want to pay for it.” He added that, by technically renouncing their US citizenship, the companies are “cherry-picking the rules,” and that: “I don’t care if it’s legal – it’s wrong.”
and promising “hell to pay”?
The Obama administration is continuing to make its case for legislation that would retroactively strip the tax advantages away from many of the year’s biggest mergers and acquisitions.
On Thursday, Mark J. Mazur, the Treasury Department’s assistant secretary for tax policy, made the case that any new laws targeting inversions – transactions that allow American companies to reincorporate abroad – should be backdated to May 2014, potentially affecting a number of multibillion-dollar deals.
Not much.Tags: corporate taxes, ferguson, looter, obama