by
Keith Gessen
155
Life After the Crisis
0
terms
1
notes
175
[...] to deal with the fact that we have an eccentric corporate taxation system, we’ve allowed these loopholes to be created so that U.S. companies are not uncompetitive relative to companies from other countries. So he wants to get rid of these loopholes—that’s fine if we’re also going to redo the corporate taxation system so that it’s simpler and more efficient and more in line with what’s going on in the rest of the world. But I haven’t seen any evidence that that’s going to happen. So if you suddenly make it a lot less attractive to be headquartered in the U.S., or, if you’re a start-up company, to be domiciled in the U.S., then that’s problematic.
why he's against Obama's fiscal stimulus program
this makes me really angry, and im trying to unpack his assumptions in order to understand why it bugs me so much. but there's this (fairly common) implication that because Obama is American, he should be optimising for policies that encourage corporations to be domiciled in the US. for what? as a means to increase the US' power in the global economy?
but the US is already the most powerful. it's already at the top of the hierarchy. what the hell else does it want? acting mindlessly acc to incentives around amassing power is at least somewhat excusable when you're the underdog, but when you get to the top, surely isn't that the point when you think about where you are now, and what you should be doing with that power? and whether acting as if you're still the underdog is actually globally destructive?
[...] to deal with the fact that we have an eccentric corporate taxation system, we’ve allowed these loopholes to be created so that U.S. companies are not uncompetitive relative to companies from other countries. So he wants to get rid of these loopholes—that’s fine if we’re also going to redo the corporate taxation system so that it’s simpler and more efficient and more in line with what’s going on in the rest of the world. But I haven’t seen any evidence that that’s going to happen. So if you suddenly make it a lot less attractive to be headquartered in the U.S., or, if you’re a start-up company, to be domiciled in the U.S., then that’s problematic.
why he's against Obama's fiscal stimulus program
this makes me really angry, and im trying to unpack his assumptions in order to understand why it bugs me so much. but there's this (fairly common) implication that because Obama is American, he should be optimising for policies that encourage corporations to be domiciled in the US. for what? as a means to increase the US' power in the global economy?
but the US is already the most powerful. it's already at the top of the hierarchy. what the hell else does it want? acting mindlessly acc to incentives around amassing power is at least somewhat excusable when you're the underdog, but when you get to the top, surely isn't that the point when you think about where you are now, and what you should be doing with that power? and whether acting as if you're still the underdog is actually globally destructive?