»Home | »Philosophy  | »Advocacy | »Weblog  |»Terms
The Center for the Advancement of Capitalism :: www.capitalismcenter.org

Phony Patriotism
[July 31, 2002]

By Nicholas Provenzo

What defines a patriot these days? Is it one's dedication to the principles of freedom, or is is it one's willingness to place their life second to the needs of the state. These days, it looks a lot like the latter is the common view.

Take for example, the corporate inversion issue, which has suddenly moved to the front of the agenda with the sneak passage in the House of a ban on federal contracts for companies who move their incorporation to tax havens. Corporate inversions are now being portrayed as a gimmick the wealthy use to evade their fair share of taxes.

Yet rather than being symptomatic of "corporate irresponsibility" and "greed," both catch-all phases that are being used to include everything from cases of real fraud to any attempt to keep what one honestly earns, the corporate inversion movement speaks to one of the best traditions of America: the individual's unwillingness to submit to stupid rules. The simple fact is our nation's tax system is grossly unfair. The income tax is a boondoggle. The part of it that corporations are fleeing in droves is the part that unfairly taxes exports.

No other major country taxes exports, but the US does. That bias makes it a lot harder, if not impossible, for US firms to compete internationally, and that means jobs. Not just CEO jobs, but everyday jobs as well. We don't even have to talk about high marginal tax rates or wasteful government spending here; at the most basic level it's a stupid tax rule that threatens American business and American jobs.

Yet Senate Majority Leader Tom Daschle, D-S.D., said Tuesday the issue is one of patriotism with the Sept. 11 anniversary approaching.

"If I were a corporate CEO, one way would be to say that you're proud to be an American company and you're not going to go offshore to avoid taking some share of your responsibility to see that this country remains strong," Daschle said.

If I were a corporate CEO, or even the lowliest assembly line worker, I'd tell Daschle to stick it in his britches. Yet in a nation founded by people who dumped tea in Boston Harbor rather than submit to England's unjust taxation, the measure of a patriot has now become one's willingness to impale themselves on taxes that are far more onerous and imposed with far more malice than what the colonists suffered. My, how we have come around.


Search the Center's Website

web capitalismcenter.org

Sign up for CAC's Newsletter
Keep up with the latest news—type in your e-mail address and click Go!


» Frequently Asked Questions
You ask the tough questions and we answer them.

» The Moral Basis of Capitalism
Capitalism is the only moral social system. Learn why.

» The Moral and the Practical
Capitalism is practical for the same reasons that make it moral.

» Capitalist Book Club
Purchase the essential texts on capitalism.

» Advocacy
Learn about the Center's projects.

» Media Center
News mentions, press releases and speakers.

» Feedback
Send us a comment or ask a question—we want to hear from you!


Copyright © 1998-2012 The Center for the Advancement of Capitalism. All Rights Reserved.
info-at-capitalismcenter.org · Feedback · Terms of Use · Privacy Policy · Webmaster