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 […]