July 21, 2014
By: Kelly Diamond, Publisher
I find it funny that so many uber nationalistic individuals like to condemn those who either opt to leave or would like to open up the borders as being “unpatriotic”. I protested the protesters this past weekend because honestly the issues never boil down to migrants. It usually boils down to really horrible domestic policies.
For example, people get upset about immigrants getting on welfare. Aside from the illegal immigrant population in the US putting MORE into the system than what they take out, it would seem the issue is then the welfare and social programs… not the fact that someone is moving here from there.
People are upset about drug cartels “taking over” the United States. Assuming for a moment they aren’t already in the United States as the government’s chummy bed-fellow, it would seem the issue is the defunct and futile prohibition laws surrounding drugs… not the fact that brown people want to relocate.
I had a woman tell me to leave if I didn’t embrace the “flag”. I said, “Thank you! Put your money where your mouth is because leaving ain’t free either!” Unless, of course, she’s suggesting I illegally emigrate while she beats her chest over all the illegal immigrants.
I really don’t understand why people shame others for coming and going as they please. I understand that coming from North Koreans, but not from the West. There is so much talk about “freedom” and “liberty”, you would think that would include moving where your best interests are met.
Well, someone must’ve told Walgreens what I’ve been hearing for the past five years: “If you don’t like, LEAVE!” because that is exactly what they are doing!
Last week, I wrote about expropriation becoming the norm, especially in the Eurozone. But where there is economic oppression, there are economic refugees. And Walgreens is just one of many.
Walgreens, in its brilliance, is merging with a Swiss drug store chain, Alliance Boots. In so doing, it has managed to avoid a considerable amount of tax obligation in the US and in its former “home state” of Illinois. It has moved its headquarters to Switzerland which overall, will reduce their tax burden as a company.
“Walgreens plans the move, even though the taxpayers of Illinois gave it a $6 million tax credit over a period of 10 years, provided $625,000 in training money and $875,000 in additional tax incentives.”
I don’t support any sort of welfare, but tax credits are not welfare. It is someone or a business keeping their own money that they earned.
“Walgreens received $16.7 billion from Medicare and Medicaid last year. Walgreens’ move will cost U.S. taxpayers about $4 billion over a period of 5 years.”
So it’s okay that senior citizens and indigents benefit from taxpayer dollars, but when proprietors accept welfare as payment, they are suddenly thieves? How else is welfare going to work if private companies don’t accept it as payment? Imagine what would become of the elderly and poor if no one accepted Medicare/Medicaid nor EBT/SWIFT cards. They would be utterly pointless and ineffective in providing that very services they purport to give! I’m not arguing in their favor by any means, but I find it rather ludicrous that anyone would complain that a private company would accept them as legitimate forms of payment while insisting that these programs remain operational.
It won’t COST the US taxpayers any more now than it did before because it has nothing to do with where Walgreen’s is headquartered. It has to do with how large the roster is of people who use and enlist for those programs and how often they make a claim on them. That it pays out to a foreign company or a domestic one is of no consequence one way or another. Walgreens will maintain its locations here in the US thus still providing US jobs.
The issue is that Walgreens doesn’t want to pay more in taxes than it absolutely must (any more than the average individual does), and the US has made itself rather economically hostile toward businesses. If the US wants to keep businesses here, then it needs to optimize its tax policies accordingly. The success rate of financially incentivizing someone into doing something is greater than that of shaming someone into doing something.
I know I’m fine with people calling me a traitor if I know in the end, I get to keep more of my money. Call me what you want, just leave my money alone!
Speaking of “pharmaceuticals” and tax issues, check out the Catch-22 situation with these folks here: Recently pot was legalized in the state of Colorado. There are licensed and legitimate pot dispensaries and proprietors in the state of Colorado. Well, evidently it’s a real hassle to find a bank that will do business with them since there are still federal statutes that say pot is illegal. So, instead, these dispensaries deal in cash. Well, evidently, you cannot pay the IRS in cash… as it is not an acceptable form of payment!
“Allgreens has diligently hand-delivered cash payments on the tax twice monthly to the IRS office in downtown Denver — the only one in the state that accepts cash. As a result, the company has been assessed a 10 percent penalty every quarter of the tax cycle.” – The Denver Post
Do you know what the IRS suggested they do to fix this problem? LAUNDER THE MONEY! They suggest that they channel their tax money through another business that has a bank account so they can wire the money. Yes, in addition to NOT accepting FRNs without penalties, the IRS suggested they launder the money. I don’t know what their other legal options are, if any. But if they are being asked to “legally launder money”, some options must exist.
Commerce is so punitive and the tax code is so bloated it’s no wonder companies are leaving the United States. As consumers, we see and feel the effects of these policies as well. Our cost of living goes up unnecessarily, we need to plan weeks in advance to purchase certain things because the “legal” process to obtain them takes THAT long. If companies can go offshore, so can individuals. Obviously there are benefits to moving wealth and even residency offshore, or companies like Walgreens wouldn’t do it. The path is paved and well-traveled. It’s not just for wealthy conglomerates like Walgreens though. It could be for someone like you too!