Scratch a liberal, find a fascist


A short one, in this case, angry at the world and seeking vengeance for…something:

Reich Demands Punishment for ‘Disloyalty’

Robert Reich, whose surname so nicely fits the increasingly totalitarian mood of the [Democrat] party that a fiction author would be mocked for making it up, has some suggestions on the theme: “What To Do about Disloyal Corporations.” Focus in and hold on that word “disloyal” for a moment and consider its implications: What is expected of a business now is not that it should follow the law and conduct its affairs honorably, but that it should knuckle under to the demands of whatever faction happens to hold political power or be punished by the state for “disloyalty.”

At issue is the question of corporate inversion, which is a jargon-y way of describing the fact that when U.S. firms merge with firms headquartered in other countries, they sometimes locate the legal residence of the new merged enterprise in the country with friendlier corporate tax policies — and, given that the United States has the highest and most cumbrous corporate tax code in the developed world, that almost always means relocating abroad. We are not talking here about firms relocating to Caribbean tax havens or the like, but companies moving to Ireland, Canada, Switzerland, etc.