August 5, 2014 By Greg Campbell
The left’s infatuation with the anointed, made-for-primetime president, Barack Obama, has largely fizzled-out. Though there remains mindless stalwarts and Obamamaniacs, the world has largely recovered from the Obamamania of 2008 and 2009 that saw countless liberal zombies decked-out in “Hope” tee-shirts and adorning their walls with pictures of the left’s messiah.
Still, however, there remains remnants of these sheep who see Barack Obama as a symbol of hope and change and not as the failed president he has become.
The Daily Beast’s Jonathon Alter is precisely the kind of useful idiot upon which the Obama regime counts to spread their carefully-crafted message.
While many companies are fleeing the U.S.’s punitive-oriented taxation system that is predicated upon penalizing the rich, most would seek to solve this problem by applying Occam’s Razor: they would conclude that if the “eat the rich” mantra of the left is creating corporate refugees, the simplest solution would be to address the crushing taxation.
Instead, the left has begun a campaign to try and shame corporations who defect. Alter even goes so far as to claim that corporations should have to sign loyalty oaths which pledge allegiance to Obama’s “economic patriotism.”
The Daily Beast reports:
On top of all the wars and global messiness, 2014 will be remembered for the plague of “corporate inversion,” which the news media should start routinely calling “corporate desertion.” So far, 47 American-based companies have renounced U.S. citizenship and bought foreign subsidiaries in order to dodge American taxes. Many more are preparing to flee…
Because oaths and pledges are a little creepy, this effort needs something else—something that comes out of the legal and business worlds: a contract. More specifically, an NDA.
Non-disclosure agreements are common in corporate America, where tens of thousands of senior managers and employees sign contracts promising to keep all sorts of information confidential. It’s often a condition of employment.
Now it’s time to change the “D” and expect the same from boards of directors—a “non-desertion agreement” with the John Hancock of every board member and CEO in the United States.
If boards thought for even a second about the long-term interests of their companies, they would summon their lawyers and sign. It’s protection against the risks of resurgent nationalism that could strip them of the many advantages (indirect government subsidies, easy access to American markets) that they currently enjoy.
Companies that fail to sign non-desertion agreements would face the kind of public shaming that has gone out of fashion but could come back with a vengeance: boycotts, petitions, angry shareholder meetings full of the language of patriotism.
Now, to be clear, I am as patriotic as they come. I love buying products made in America and I firmly believe that this is the greatest nation on Earth. However, can we really blame companies that flee the hostile environment created by the most undeniably anti-commerce administration in American history?
At a time when China is on the upswing because of pro-capitalist changes and at a time when even Cuba is starting to loosen their control on government-run commerce, our nation is stagnating as government vultures are seeing the consequences of decades of robbing Peter to pay Paul.
I’ll tell you the story ends: if you rob Peter to pay Paul, eventually Peter has enough and leaves.