Lesson to be Learned

“Rock ‘N Roll McDonalds,” by Wesley Wills, the beloved schizophrenic artist from Chicago.

Assigned Reading: Swiss Tax Rules Lure McDonald’s From UK
(FROM: Financial Times)

Hmm . . . so the ability to do business for less money is causing large companies such as McDonald’s, Kraft, Procter & Gamble, Google, Electronic Arts and Yahoo! to move overseas operations from headquarters in London to Switzerland.

Now, I know that this article references the overseas operations of these companies and not the primary headquarters, but the lesson remains the same: an increased tax and regulatory burden will inevitably chase business and industry away, so why not make the United States of America just as attractive, if not more so, as Switzerland, or Ireland or Luxembourg?

If the large companies cited in the Financial Times piece are moving, how many other smaller ones are making the same move? How many more are still at the drawing board stage, but are determined to never set foot in the United Kingdom so long as the business climate in Switzerland or the other nations is more pro-growth?

Here we are across the pond, ready to implement a cap-and-trade program that would saddle individuals and small businesses everywhere with skyrocketing energy costs, debating health care reform legislation which would assuage astronomical costs by increased taxes on sole proprietors and entrepreneurs everywhere, and implementing measures to close tax shelters and other mechanisms by which American investors can protect their assets.

Seems like we’re moving backwards to me, ignoring the lessons we’re seeing from across the pond and across the world.

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Comments

  1. AL GORE IS STILL FAT says:

    As a bass player, I loved the tune!
    How many fat grams in a big ol Polish sausage Jeff?

    Will there EVER be a free market again? Government sucks.

  2. Anonymous says:

    Gasoline in Geneva is close to $5.00 a gallon. The Swiss have socialized medicine. It appears YOU are "ignoring the lessons we're seeing from across the pond…" (your words).

  3. Anonymous says:

    …why not make the United States of America just as attractive, if not more so, as Switzerland, or Ireland or Luxembourg?

    Simplicity plus common sense, hmmm… nope, this administration will never buy it.

    This is off topic and perhaps already mentioned over the past week, but the video and the story behind it made me chuckle and God knows we could all use a little of that.

    The story: http://www.nydailynews.com/money/2009/07/13/2009-07-13_antiunited_airlines_song_becomes_internet_sensation.html

    The video: http://www.youtube.com/watch?v=5YGc4zOqozo

  4. JEFF SCHREIBER says:

    Like in Sweden, where socialized medicine seems to work fairly well, the system in Switzerland is fairly small in scope. The difference is that, here, we're looking to bring 300-plus million people into the fold.

    Ask any Veteran how he or she likes the VA system. Then expand it to cover everyone — once the public option pushes out the private options because employers will not want to insure their people, then we'll be there.

    Lower taxes increases growth. It's been proven here in the past, and abroad as well. Plain and simple.

  5. ACHTUNG says:

    What's the Swiss budget for white flags?

  6. Rix says:

    The key question is, as usual, WHY. Why do liberals love big taxes? They are not stupid – in fact, an average liberal would probably outscore a conservative on IQ and SAT tests. Some of them ran a town or a business, or perhaps even played my beloved SimCity4, and know the chilling effect of high taxes. Why, then?!

    The answer is extremely simple. Big taxes means increase in controlled money flow. The more money flows through the public coffer, the easier it is for "public servants" to avail themselves to it. Look for a Democratic profiteer behind every tax increase!

  7. MIDDLE CLASS GUY says:

    Slightly off topic. Several websites are reporting a breakthrough in the eligibility cases. They are saying that a judge in Californis will hear Keyes v. Obama on its merits. Orly Taitz was live on the radio telling her story this evening. There was hearing today with the judge in Santa Ana, CA.

    Jeff,

    I know that you have chosen not to cover this issue any longer. I hope that you do not mind me tossing in this update for those who may be interested. It seemed significant. If you choose to moderate my post, I understand. Its your site and you are the man.

    Thanks, Ken

  8. Anonymous says:

    In this interview with Dr. Randy Tobler this month, he speaks about the the success of the Swiss system and why Obama care is wrong. Be sure and listen to what he says at the end (approx 6:05).

    http://www.youtube.com/watch?v=xLzzO_7Imqg

  9. Bodenzee says:

    Be cautious just comparing the cost of gasoline in Europe with the cost in the US. Their tax structures are quite different and until you also comprenend income, sales (VAT), property, etc. taxes it will lead to an incorrect conclusion.

  10. SIMCITY- MOMBASA says:

    Rix is right, make these clowns play SimCity as an entrance exam. They have no clue how economies work.

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