You can always count on the O-regime to get things wrong. In this case, when the question of how to deal with tax shelters and tax havens, the answer from the White House Economic Adviser, Gene Sperling was “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,”.
It never occurs to people that America was founded by people wanting to avoid taxes. John Hancock was a smuggler who operated his business to avoid British taxes. It never occurred to them (the present regime) that the taxing of income is not what the founding fathers envisioned. This is not surprising since they do not study history outside of socialist political history. Instead of lowering taxes, or reducing spending or heaven forbid, looking at whether or not the spending is necessary or moral, their answer to everything is “raise more taxes!” This time, they are advocating a global tax. The use of terms like ‘fair’ and ‘minimum’ are only a smoke screen to hide the insidiousness of what they are advocating. Those terms make it look like it is fair, which they are not. Such a plan would only increase the power of the UN. It would not help our security or bring more money into US coffers. The regime does not understand that people do not mind paying taxes when they are low enough and for moral purposes. Bear in mind that the empire supported itself with duties without any need for income taxes up until 145 years ago under Lincoln.
Instead of Global Taxes and increasing UN power as a solution to problems, we need more liberty.
Liberty for Texas!
J MurrahEconomic Independence