Drudge Retort: The Other Side of the News
Friday, July 18, 2014

The fight hinges on what exactly "Economic Patriotism" is, and what the primary purpose of a corporation/public company is.

Treasury Secretary Jack Lew seems to describe this patriotism as the companies rising or falling with the general American citizenry.

Most corporations/public companies (including Jack Lew when he worked as a senior Citigroup executive) realize the primary purpose of such a company is to do everything possible to create positive returns to its shareholders.

One seems to call for charity, while the other seems to call for business.

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HeuristicGratis

 

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Yes, it is a myth. Sorta like corporate personhood.

Corporations want all the advantages of citizenship, but none of the responsibilities.

#1 | Posted by Corky at 2014-07-18 02:02 PM | Reply | Flag: | Newsworthy 1

Since ExxonMobil pays over 30 Billion in taxes I'd say that they must be very patriotic.

#2 | Posted by MSgt at 2014-07-18 02:27 PM | Reply | Flag:

"Corporations want all the advantages of citizenship, but none of the responsibilities."

Carlyle Clinton isn't going to change that.

#3 | Posted by nullifidian at 2014-07-18 02:29 PM | Reply | Flag:

She's already taken over your head.

#4 | Posted by Corky at 2014-07-18 02:34 PM | Reply | Flag: | Newsworthy 1

#1 For instance?

#5 | Posted by HeuristicGratis at 2014-07-18 02:47 PM | Reply | Flag:

"Corporations want all the advantages of citizenship, but none of the responsibilities."

Easy to say but enumerate the "responsibilities" they do not have.

#7 | Posted by salamandagator at 2014-07-18 05:04 PM | Reply | Flag:

"undocumented immigrants want all the advantages of citizenship, but none of the responsibilities." - Corky

FTFY....

#8 | Posted by AndreaMackris at 2014-07-18 05:15 PM | Reply | Flag:

FTFY....

Xenomackris,

They take on many of the responsibilities, including taxes.

More so than an AINO corporation.

(American in Name Only)

#9 | Posted by Corky at 2014-07-18 10:29 PM | Reply | Flag:

They take on many of the responsibilities, including taxes.
More so than an AINO corporation.
(American in Name Only)
#9 | POSTED BY CORKY

So do corporations.... whats your point?

The tax-inversion scheme does not absolve the corporation from paying US taxes. It does remove the tax on foreign profits, which is burdensome. Move it to whatever percentage of ownership you want. Its irrelevant, with Trillions parked off shore, they have the capital to purchase companies and remove the foreign profit taxation.

I would also like to address the Xenophobe comment, I travel the world, I work for a Japanese corporation, which in my office employs Indians, Ukrainians, Chinese immigrants. They all came here legally, I hear about the frustration as undocumented people are getting it easy. I also enjoy working with them.

Your comment is preposterous, and without merit as are most of your hyperbolic ad-hominem posts.

What I don't like is a government that forces one group to jump through hoops to attain citizenship, while giving another group the same "rights" without doing any work. Equal under the law and all...

#10 | Posted by AndreaMackris at 2014-07-19 10:16 AM | Reply | Flag: | Newsworthy 2

- Equal under the law and all...

Ah, then you must support revoking the "super-citizenship" afforded corporations in tax policy, among many other policies.

Good to know.

btw, the "some of my best friends are immigrants" meme is laughable at best.

Many of the undocumented are fleeing dangerous regimes at home.... unlike your Japanese friends.

#11 | Posted by Corky at 2014-07-19 10:37 AM | Reply | Flag: | Newsworthy 1

#10

You don't mention Hispanics here legally Mackris. The -------- are particularly burdensome to them. My wife is second generation Spanish but looks Hispanic to most people without a clue.

She is pulled over at the drop of a hat. People automatically talk to her in Spanish. She has been accused of being illegal and has the worst time getting a job. All because with so many -------- people just assume she is as well. Just generally a lot of day to day small annoyances that add up to a bunch of BS she shouldn't have to deal with all because of the huge mass of --------.

You won't find anyone stronger against illegal immigration than her.

As far as corporations being citizens goes. There is an obligation as a corporation to benefit society but that doesn't mean being a charity either. Pay taxes, help the community, hire and source locally, that kind of thing but that does not preclude making profit either.

#12 | Posted by TaoWarrior at 2014-07-19 11:20 AM | Reply | Flag:

Xenomackris,
....

#9 | Posted by Corky at 2014-07-18 10:29 PM | Reply | Flag: ad hominem

#13 | Posted by nullifidian at 2014-07-19 11:35 AM | Reply | Flag: | Funny: 1

Many of the undocumented are fleeing dangerous regimes at home

So because they have dangerous regimes at home it is fair for a citizen to be pulled over and have their car searched for -------- just because she has brown skin?

Or it is fair that an American citizen should have to travel with her papers to prove at any time to law enforcement that she is a native born citizen not an illegal?

#14 | Posted by TaoWarrior at 2014-07-19 11:54 AM | Reply | Flag:

Economics is a confidence scam, and what it presented as patriotism in America is in fact fascism. I'd say they are one and the same in American practice.

#15 | Posted by Shawn at 2014-07-20 01:22 PM | Reply | Flag:

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