Margaret Thatcher once quipped that the problem with socialism is that eventually you run out of other people's money. For the past several decades, American politics largely has been based on giving things to a great many people, paid by other, usually far fewer, people. That scheme can only last so long. The building media and political firestorms over "tax inversions" is the latest sign that a giant tax hangover is coming to spoil the left's party.
Tax inversions, whereby a US company acquires a foreign firm and, in the process, shifts its headquarters out of the US and becomes a foreign company, have been increasing over the past 18 months. The maneuver has primarily involved relatively little-known health care and biotech companies. The announced plan by iconic US restaurant Burger King to employ this tactic in its acquisition of iconic Canadian donut chain Tim Hortons has captured the public's attention in a way the previous deals hadn't. That the deal involves hamburgers and donuts surely has something to do with this.
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2 comments:
Maybe we can add a new tax on bicycles or if not a tax maybe a registration fee. Of course they should have to carry insurance too. With all the new clamouring about sharing the road, bicycle lanes, and signs advising such, somebody needs to pay up. If no fee is imposed then motorists will be stuck picking up the tab. I also believe that anyone operating a bicycle on roads that meet or exceed 30 m.p.h. should be made to pay so as that kids in neighborhoods wouldn't be affected. Furthermore a safety course/ proficiency permit should be implemented so that all bicyclists know how to traverse safely on the roads.
Who paid for the bicycle lane "project" on Mt. Herman Rd.?
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