ZUG, Switzerland, March 12 (Reuters) - The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom.
Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration.
In a country with scant crude oil production of its own, the virtual energy boom has changed the canton or state of Zug, about 30 minutes' drive from Zurich, beyond all recognition. Its economy was based on farming until it slashed tax rates......MORE.
Has it occurred to anyone in Washington that the mere threat of their policies are giving companies reason to look at other nations with a better tax rate? When more corporations go Galt in this manner, not only does the workforce suffer, but so does the financially hungry government. The progressives really do not get it. Progressives are living in a cartoonish dream world in which they can continually threaten the very hand that feeds their entitlement programs without any consequences. I have given up trying to reason with this mindset.
Who is going to pay for all of these new government policies that Prime Minister Pelosi and her henchmen are trying to ram through legislation?
Did you think the President is running things? No, I don't think so.