I heard today that Halliburton is moving its headquarters to Dubai. There's so much to say about this and the response from the Socialists in Congress that I don't know where to start.
First, Halliburton's CEO says "the Eastern hemisphere is a market that is more heavily weighted toward oil exploration and production opportunities." Gee, that wouldn't be because all the Leftists and Enviro-nazis won't let us drill for oil in any part of this hemisphere would it? Say in ANWR?
Second, an obvious reason for the move is the much more favorable tax laws in the UAE. One of these days the Socialists will figure out that our crushing corporate income tax in this country is driving businesses away. If we were to implement the Fair Tax in this country, it would turn the United States into the biggest tax haven on the planet. Think of the economic boom that would result from all these companies moving to the United States!
(As an aside, I'll mention that the Socialists haven't figured out yet that there really isn't a corporate tax. All taxes at the business level are simply passed along to its customers as the cost of doing business.)
Third, there's a good chance a Socialist will be elected President in the next election. If it's either the Hildabeast or Obamamamama, you can bet Halliburton will be in the cross-hairs considering the hatred the Left has for this company. (Do you think they hate them more because Darth Vader used to be the CEO?)
Next we come to the Socialists' responses. Senator Patrick Leahy, D-NH said the company's move is "corporate greed at its worst." Sorry Senator, you're forgetting it's not your money. If they want to keep your filthy paws off their money, it's perfectly OK for them to do so. In Gregory v. Helvering (1934-5) 239 U. S. 465,460 Supreme Court Justice George Sutherland said, "The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted." In the same ruling it says, "Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury, there is not even a patriotic duty to increase one's taxes." I'd ask you, though Senator, to comment on all the off-shore money the Kennedys have, hmmm? Is that greed?
Finally, we have Rep. Henry Waxman, D-CA, who is planning to hold a hearing. You go, Henry. Holding a hearing is a waste of tax money, but at least it keeps you and your friends busy so you don't go raising taxes or surrendering to terrorists.
Good luck Halliburton. Perhaps one day we'll have the Fair Tax and you can come back. If our economy isn't reduced to some pre-Soviet-collapse Eastern European hell hole. Or if the country isn't just a bunch of smoking radioactive craters.