Yellen Advocates for A Uniform Global Corporate Tax Rate
Julio Gonzalez, M.D., J.D.
In one of its most open embraces of globalism, the Biden Pseudo-Administration advocated, through its Treasury Secretary Janet Yellen, for a global minimum corporate tax rate. The suggestion is among the most offensive, arrogant expressions of elitism and superiority by the new administration and should be scornfully received by all nations.
By what authority, one may ask, does the United States believe it may dictate what another independent sovereign ought to be forcing its corporations to pay? The answer is by none, really, other than a falsely vested self-imposed authority to bully other countries.
In reality, Yellen's comments are not some altruistic, sacrificial recommendation meant to elevate the state of humanity. Quite the contrary. What Yellen wishes to avoid, in her words, is the "race to the bottom." Stated differently, the only thing in which Yellen is interested is implementing some buffer to the dire consequences of a power hungry country like a United States run by the Democrat Party raising its corporate tax rate above those of other nations. In the world of Biden, there is a great impetus to increase America's corporate tax rates, despite knowing that doing so could lead to a productivity efflux. If the United States could obnoxiously place a minimum tax rate on other nations, then those corporations considering leaving America in response to Biden's draconian actions would have nowhere to run. The result would be more power for the federal government and less economic freedoms for citizens throughout the globe.
On her behalf, Yellen entices her listeners by euphemistically saying, "Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth, and prosperity,"
Of course, nothing could be further from the truth. In point of fact, few things are more destructive to the innovative spirit than the syphoning of wealth from those motivated to pursue it.
On the flip side, other nations would be foolhardy to accept such a proposal. Why would Ireland, Australia, Israel, and others feel motivated to discontinue their greatest leverage against the great American behemoth?
Yellen is fooling no one with her self-centered, expansive attempts at manipulating world governments. Those who oppose her see her as the money-hoarding zealot she is. Those that don't merely wish to join her in her quest to increase government authority and limit individual freedom, all of which seems to be a very heavy price to pay merely to succumb to the false promise of building an extra bridge.
Please support our ability to cover the events most important to you. Click here to join The Founding Fathers Club or donate to The Federalist Pages.
Dr. Julio Gonzalez is an orthopaedic surgeon and lawyer living in Venice, Florida. He served in the Florida House of Representatives. He is the author of numerous books including The Federalist Pages, The Case for Free Market Healthcare, and Coronalessons. He is available for appearances and book signings, and can be reached through www.thefederalistpages.com.