Warren Buffet Helps “Unpatriotic” Burger King

I’m sorry, but why are so many people surprised that Warren Buffett has proved—one more time—that he is a massive hypocrite, whose only allegiance is to what makes Warren Buffett and his companies rich? Buffet has used his disingenuous talk about not paying enough in taxes (while refusing to pay billions the government says Berkshire Hathaway owes, and sending an army of lawyers to help him keep from paying them) to cozy up to an Administration whose decisions have made him a lot of Read more […]

Economic Patriotism or Blackmail? Considering Corporate Loyalty Oaths

In the Daily Beast, Jonathan Altar advocates a kind of economic patriotism that uses “loyalty oaths.” The oaths are to prevent them from “deserting” the country by becoming owned in another nation with a lower corporate tax rate. 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 Read more […]