Soak the Rich example#1 - Micro$oft Pay More? Nadda

[MacUser]

Ballmer Says Tax Would Move Micro$oft Jobs Offshore
June 3 (Bloomberg) -- Micro$oft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.

“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”

.... Ballmer is one of 10 U.S. software company executives pushing back against the tax proposals in meetings today with White House officials including Jason Furman, deputy director of the National Economic Council, and the heads of congressional committees such as House Ways and Means Committee Chairman Charles Rangel, a New York Democrat.


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I guess Micro$oft doesn't want to be the next GM?

Also.. Soaking the rich may not prove as easy as before thought, eh? I thought these rich guys were going to stand still and let all profits go toward Govt?

After these "rich" companies leave with all the tech jobs... all that will be left to tax will be you and I? Does that mean our taxes go up ever higher than ever conceived to pay for the revenue that they ran off with higher taxes?

Beam me up Scotty.

[MacUser]

Obama Tells American Businesses to Drop Dead: Kevin Hassett

http://www.bloomberg.com/apps/news?pid= ... aBdVMkjPnU


June 8 (Bloomberg) -- I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailout.

Once that happens, their new pay czar Kenneth Feinberg can set the wage for everybody and Rahm Emanuel can stack the boards of all of our companies with his political cronies.

...So the question is, why does Obama advocate a policy that so flies in the face of everything that economists have learned?

...I have to admit I am at a loss. Maybe it is good politics to bash American corporations, and Obama isn’t really serious about making this change happen. But if the change is enacted, and domestic corporate taxes aren’t reduced to offset the big tax hike, the result will be a flight from the U.S. that rivals in scale the greatest avian arctic migrations.

If that occurs, the firms that stay in the U.S. will be at such a huge tax disadvantage that they will absolutely need a “rescue.”