On his recent trip to Ghana, President Obama lectured other African nations about how to attract business and how government affairs should be conducted. "No business wants to invest in a place where the government skims 20 percent off the top." Obama's astonishing statements never cease to amaze me. The U.S. corporate tax rate is 35 percent (at the federal level). It's the second highest of all the OECD countries. It's higher than France and Sweden. If you add the state rate, that's an average of 40 percent.
This again bears out my theory that for Obama, words only have weight in a certain time and place. After the time frame has passed or he has left a location, the words are no longer of importance and should not be held against him in another time and place.
Subscribe to:
Post Comments (Atom)
4 comments:
Bravo for pointing this out. Love your posts.
I must say that I don't find this statement even remotely astonishing.
Obama is not referring to taxes but rather to 'skimming', as in taking a cut 'personally' off the top. As in pilfering for personal gain from the public trough. As in graft, as in cooking the books and personally taking the $ and stashing it away in a Swiss bank account.
Taxes are taxes and are not 'skimming', they are voted upon by those whom we elect and we all agree to the importance of paying taxes.
None of us agree with skimming by individuals in government.
One is moral and legal, the other is immoral and illegal.
I don't understand the equation of skimming to taxes.
If you mean that no business wants to invest in a place that taxes heavily, well, that just isn't true given how many foreign countries are very happy to do business here in our country although subject to our tax rates.
Well then, maybe Obama misspoke and meant to say 'government officials' rather than just 'government.' There is a world of difference.
I must believe that is what he meant.
Post a Comment