The United States Senate Is about to Get a Whole Lot More Respectable

Why? Because Harry Reid--the worst Senate majority leader in history--is retiring. I imagine that there are people who will miss him, but they shouldn't; Reid's corruption (I've only cited a couple of cases here) and the incredibly nasty way he behaved towards political opponents--including the adoption of McCarthyite tactics--brought shame and disrepute upon the United States …

This Blog Post Is Dedicated to Stephen Bainbridge

The "moral outrage over tax inversions" is feigned outrage. It is ginned up, fake, astroturfed outrage that will go away as soon as the midterm elections are over. It currently commands (too much) attention because President Obama and the Democratic party are worried that they might lose the Senate in the midterms, because they have no genuine …

Some Common Sense on Corporate Tax Inversions

Courtesy of Greg Mankiw:“Some people are calling these companies ‘corporate deserters.’ ”That is what President Obama said last month about the recent wave of tax inversions sweeping across corporate America, and he did not disagree with the description. But are our nation’s business leaders really so unpatriotic?A tax inversion occurs when an American company merges with …

Integrity Inverted

Anyone really surprised by this?President Barack Obama won’t return campaign donations to executives, advisers and directors who have profited from offshore mergers that reduce corporate taxes using a technique he has called “unpatriotic.”Responding to a Bloomberg News report that described connections between more than 20 Obama donors and the tax-cutting transactions, White House Deputy Press Secretary …

If Only We Had Some “Economic Patriotism” in the White House

To wit:President Barack Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. His own administration helped one $20 billion American company do just that.As part of the bailout of the auto industry in 2009, Obama’s Treasury Department authorized spending $1.7 billion of government funds to get a bankrupt Michigan parts-maker back …

Summing Up Jonathan Alter

A know-nothing when it comes to economics and a McCarthyite when it comes to discourse. The notion that corporations and other businesses now have to take "loyalty oaths" so that they will be prevented from acting rationally in the face of ridiculous and onerous taxes and tax policy insults the intelligence of just about everyone, …

Koch Derangement Syndrome

The allegedly evil and malignant Koch brothers have recently made a $100 million donation to the New York-Presbyterian Hospital. The reaction: Protests. To the last, the port-siders will grapple with the Kochs. From Hell's heart, they stab at the Kochs. For hate's sake, they spit their last breaths upon the Kochs. And they will chase …

“Libertarians Are the New Communists”?

I think not. Far more accurate to say that Nick Hanauer and Eric Liu are the new Joseph McCarthy: Hanauer and Liu's mode of argument consists of repeating negative statements ("Radical libertarians would be great at destroying," they are "fanatically rigid," they are "economic royalists" who are "mirror images" of communists, etc.) and writing opponents out …