So the government wants to stop U.S. companies from moving overseas for tax reasons. The solution? Make the U.S. corporate tax environment even more onerous.
This is typical of the way bureaucrats think. They fail to consider that businesses, like consumers, do what’s in their own financial best interests.
A friend commented that it makes sense for CVS to stop selling tobacco products, because the company is in business to make people healthy. Wrong. CVS is in business to make money. If it can do so while taking a socially responsible action and creating some good P.R., all the better.