Economic Patriotism – Lefty Writer Proposes Corporate ‘Loyalty Oaths’
I recently wrote about this at Legal Insurrection when Obama started obsessing over “economic patriotism.”
Corporations are moving operations overseas due to America’s high tax rates. It’s their right to do so and they’re not breaking any laws but in doing so, they’re starving the federal machine of tax dollars and liberals can’t have that.
The obvious answer is to lower our tax rates but Democrats won’t do that, so what’s their solution?
The president and half of congress don’t understand or care about their oath to uphold the United States Constitution but the left wants loyalty oaths from corporations…
The United States Needs Corporate ‘Loyalty Oaths’
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…
So it’s time for red-blooded Americans to take matters into our own hands. My answer is to make every corporation sign something.
Sign what? If Republicans cared about this issue, which most don’t, they would revive McCarthy-era loyalty oaths, where people were forced to swear that they weren’t communists.
Remembering those dark days, Democrats don’t like oaths, or even pledges, which have proven enormously effective. Grover Norquist’s ability to get nearly every Republican in Congress to sign a no-new-taxes pledge is one of the most successful political gambits of recent decades—and a big reason for today’s gridlock.
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.
Hat tip to Hot Air.