I’m no expert on international business.
But there seems to be an inherent illogical in the left’s approach to taxation and corporations.
“Big business does not paying its fair share!” “Income inequality!” “The wealth gap has grown massively!” “Occupy Wall Street!”
Crony capitalism is certainly a problem and oddly enough Donald Trump of all people rode the populist wave of discontent into the White House (his opponent, meanwhile, couldn’t seem to convince people that she wasn’t still in bed with America’s kleptocracy). As the WSJ pointed out the other day, Trump’s enemy is not globalism, but mercantilism in which corporations lobby government acquire subsidies, trigger bailouts, and increase regulations that only their army of lawyers can comply with and subsequently hamstring competitors (the little and middle guy), thereby increasing their coffers, and only then doling out the incidental sops to the rest of us.