Kudos on the Aug. 3 editorial “The real tax problem.”
The president’s criticism of corporations that relocate out of the country, seeking relief from our unacceptably high level of corporate tax, and his calling of such action “unpatriotic,” is a display of economic ignorance. His comment can be viewed as ignorance either of corporate tax structure in other nations, or part of the policy to tax successful business ventures. This socialist agenda – detrimental to the success of a nation that became a world power through capitalism – must be seen for what it is.
A reduction in corporate tax is the answer. We need look no further than the low unemployment in, and gravitation of industry to, the state of Texas. A novice in economics could provide causes and effects.
When the time comes to elect our representatives, consider their qualifications and past performances rather than their genders, religions or ethnic backgrounds. At present we have many who have forgotten the words of our Founding Fathers: “... Governments are instituted among Men, deriving their just Powers from the Consent of the Governed ... ”