Charles Munger Agrees With Me.

“Fight Against Stupidity And Bureaucracy”

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I always think it’s nice when someone agrees me. Even more so when they are well versed in the subject matter.

Charles Munger is such a guy. And he agrees with me, or at least he would do, had he read a post I wrote recently about Burger King’s move to Canada to avoid high US corporate taxes. (Click here if you want to read it.)

Anyway, we’re saying the same thing, and that’s what matters.

For those readers who don’t know who Charles Munger is, he is vice chairman of Berkshire Hathaway Inc., the world famous investment company headed by Warren Buffet, one of the richest men in the world.

Charlie_Munger

Munger says people who criticize Burger King’s plan to shift its headquarters to Canada, where tax rates are lower, are “stark raving mad”. What they should be calling for are cuts in corporate taxes to encourage business to stay in the US and even relocate there.

More than 40 U.S. companies have reincorporated abroad since 1982.

In fairness it has to be said that Munger does have a vested interest of sorts to stick up for Burger King. Berkshire Hathaway committed $3 billion to help finance Miami-based Burger King’s planned takeover of Tim Hortons Inc., the doughnut maker with headquarters in Oakville, Ontario.

Burger King meal

But that’s not why he said what he said. He is smart enough to know what is good for business generally and levying hefty taxes on corporations is not good. In fact he said, “If I were running the world, I would probably have low corporate taxes and get at the well-to-do people in some other way, like consumption taxes.”

Unfortunately President Barack Obama isn’t so smart. He has continued to criticize American companies that move to other nations in search of lower corporate tax bills.

And his Treasury Secretary, Jacob J. Lew, has recently announced new rules aimed at making it more difficult for American companies to lower their tax bills by relocating overseas and that would wipe out the benefits for those that do.

The changes will affect only deals that are completed from now on. But they could include pending inversion deals, like the one involving AbbVie, an Illinois-based pharmaceutical company that is in the process of acquiring its smaller British rival, Shire, or the Minneapolis medical device maker Medtronic, which is acquiring Covidien in Ireland.

And if the government continues on this path what will happen?

I think if US companies are prevented from making these kind of deals by ever greedy and intrusive government legislation they will simply close down altogether in the US. Wealth creation will be lost, many thousands of jobs will be lost and America will lose its long held position as the commercial powerhouse of the world.

When the American people were offered “Change” I don’t think this is what they were expecting.

Barack Obama Hope Change

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It’s Hard To Love Your Country When It’s Government Doesn’t Love you Back!

“Fight Against Stupidity And Bureaucracy”

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A few weeks ago I wrote a post that I called “Why are the bureaucrats destroying what made America great?” (if you want to refer to it please click here

In it I posed the question as to why a self-defeating wealth-distributing philosophy is taking the place of the business-friendly environment that America is famed for and that made it the wealthiest nation on Earth. And why the bureaucrats are trying to make it increasingly more difficult and expensive for businesses to operate in the US rather than offering more incentives and encouragement.

drop business incentive programs

The example I gave in the previous post was the huge pharmaceutical corporation called AbbVie, which was relocating from Chicago, Illinois, to Europe and thereby effectively cutting its tax bill in half – a significant saving when you are generating billions of dollars in revenue each year.

Now the latest corporation to show its frustration with the way things are deteriorating in America is the Miami based fast food giant Burger King. It is currently in merger talks with Canadian coffee chain Tim Hortons, in a deal that would allow Burger King to relocate out of the US with a view to trying to cut its “big whopper”  of a tax bill too.

Since the new company would be headquartered in Canada, Burger King would no longer be liable for punitive US taxes which are now regarded as the highest among developed economies.

It’s another high profile example of what is called an ‘inversion’ deal, a strategy that allows US firms to lower their tax bills by merging with a foreign company, and then relocating to the new country.

tim hortons logo

The Obama administration’s response has been predictable  –  cry foul, say it’s not fair, and tell these corporations to forget about the best strategy for their business and just wrap themselves in the Star Spangled Banner.

“My attitude,” the President declared in July, “is I don’t care if it’s legal — it’s wrong.”

It’s great to love your country, but it’s tough when the government of your country doesn’t love you back! And it will take more than bogus emotional claptrap to change the minds of hard-headed businessmen.

What Obama and his henchmen should be doing is asking themselves why it is happening and what THEY are doing wrong that makes these giant wealth creating corporations want to get out of America as fast as they can.

But they won’t do that.

That would make sense –  and sense is the last thing that the bureaucrats want to apply to any situation.

So they’ll continue to spend money they don’t have, on things the country can’t afford and probably doesn’t need, and then pass the bill on to the tax payers.

Their short term solution to these corporate inversion deals will be to try to legislate to make them illegal. Good luck with that, I have never seen legislation drafted by an idiot bureaucrat that a team of top corporate lawyers couldn’t drive a coach and horses through.

So rather than stopping the exodus, it’s more of a question of what will be the next corporation to leave???

drive a coach and horses through

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Pandering To Minorities.

“Fight Against Stupidity And Bureaucracy”

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The Sunday Sermon

You know there is something very wrong with your society when it allows vociferous minorities to dictate how the majority of people are allowed to live their lives.

They still call it democracy, but it is not.

And it is happening more and more in Western nations, particularly America and Europe, and affecting more and more areas of our lives.

The reason it happens is not because loud mouth minority interests demand this or that or the other, but because the majority have lost any backbone they ever had and capitulate in the face of almost every demand, no matter how nonsensical.

It never works the other way because when Westernere go to other countries we abide by the rules of that nation. We do not try to impose our beliefs on them, not nowadays anyhow.

For example, if I end up in a Muslim country where alcohol is not permitted, I respect their laws and don’t drink alcohol. Similarly, if I want to visit Israel, I’ll eat kosher. Or if I go to India I won’t demand that they slaughter a sacred cow just so as I can have a juicy steak!

We’re on the subject of food and drink because the latest to buckle under is the fast food chain ‘Subway’ in the United Kingdom and Ireland. (Watch out, you’re next America!)

Because of the demands of a few within the Muslim community, Subway has chosen to ignore the wishes of the great majority of its customers and has removed ham and bacon from nearly 200 of its stores.

The meats that they still serve are also to be Islamic hal-al only.

Subway hal-al

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In case you don’t know, hal-al is not the Israeli national airline (that’s El Al), but is a specific way of slaughtering animals for human consumption.

Traditionally in halal abattoirs the throats of the animals are cut while they are fully conscious – an act many campaigners say is inhumane and needlessly cruel – whereas in non-halal abattoirs, livestock are stunned before killing to prevent any unnecessary suffering.

So if you are in the UK or Ireland and looking for any of the following “Subs” you are in for a disappointment.

Chicken and Bacon Ranch Melt  –  BANNED!
Steak and Cheese  –  BANNED!
Meatball Marinara  –  BANNED!
Subway Melt – ham, bacon, turkey breast and cheese  –  BANNED!
Italian B.M.T. – pepperoni, salami and ham  –  BANNED!
Spicy Italian – pepperoni and salami  –  BANNED!
Chicken Avocado  –  BANNED!
Mega Melt – bacon, sausage, egg and cheese  –  BANNED!
Sausage, Bacon, Egg and Cheese  –  BANNED!
Sausage, Egg and Cheese  –  BANNED!

As regards me personally, it’s Subway that is in for the disappointment, because I’ll be deliberately missing them the next time I get hungry enough for some fast food.

I fail to see why I should support a company like Subway for whom my tastes, as part of the majority of its customers, means nothing.

So well done Subway, you’re stock value should be heading the sub way too if you continue to show contempt for your core customers who made your company what it is  –  er, make that, what it was.

Now where did I put that Burger King menu???

Burger King logo

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As A Rule Of Thumb, Don’t Pick Up Hitchhikers.

“Fight Against Stupidity And Bureaucracy”

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But as a rule of thumb I like puns.

Hope you do too.

Here are some more.

Enjoy!

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rofl

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My Japanese penpal dropped out of school recently.

He’s taken leave of his Senseis.

cartoon Sensei

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I’ve got a new job stacking shelves at a supermarket for big, tall men.

It keeps me on my toes.

high shelves

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I was chatting to someone about cylindrical fasteners earlier,

it was a riveting conversation.

Rivets

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Skiers don’t have drunken arguments,

they just storm off-piste.

off piste

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I used to be the managing director of the world’s largest ladder company.

Until I was asked to step down.

dana-fradon-dejected-man-setting-on-top-rung-of-a-ladder-the-steps

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A friend asked if I wanted to buy his motor boat.

I jumped at the chance and bought both.

I can keep the boat on the moat.

moat or boat

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My friend sells knives for a living and he said if I posted

this on the internet he’d give me a cut.

knife

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What numbskull called it the Police / Fire Department Headquarters

and not Guns and Hoses?

guns_and_hoses

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I went for a job interview with the hacking group Anonymous.

Introduced myself…

And that was the end of the interview

occupy-mask

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Just read in the news, that there’s going to be a beauty contest

where all the models are dressed up in newspaper pages.

It must be a Miss Print.

girl wrapped in newspaper

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The A- eam.

Hey, missed a T.

mr-t

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I went through a lot to be with my girlfriend.

She was standing at the other end of the car park.

Parking-lot-picture

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I wish I’d never joined the S and M club.

They tied me into a long term contract.

man-tied to contract

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A driver waved at me to stop my car and asked if I could change attire.

Why would someone assume that I would keep spare clothes with me!

flat-tyre-cartoon

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Heck is where people go to

who don’t believe in Golly.

what-the-heck

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Something tells me my posture might not be so great,

I don’t know.

I just have a hunch.

439346-Royalty-Free-RF-Clip-Art-Illustration-Of-A-Cartoon-Hunchback

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Two red blood cells met and fell in love.

But alas, it was in vein.

blood-cartoon

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My fruit and vegetable business has gone into liquidation.

Now we sell smoothies.

smoothie

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Man, you get a load of boos when

you turn up to an AA meeting pissed.

AA_Meeting_lolwtmk

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I turned up to a McDonald’s job interview

riding piggyback on a Burger King employee.

“Could I just ask what the hell you’re doing?”

the receptionist asked curtly.

“Well,” I explained patiently, “the woman on the phone told me

I should report to Reception on a rival” 

piggyback

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Fact File Fun Facts

“Fight Against Stupidity And Bureaucracy”

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Fact file fun facts it says and fact file fun facts they are.

As random as ever, you’re sure to find something that you didn’t know before.

Enjoy.

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did you know 4

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A shrimp can swim backwards.

shrimp

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Kathleen Casey-Kirschling of Philadelphia

was born at 12:00:01 A.M., Eastern time, on January 1st, 1946.

This not only made her the first child born in the United States that year,

but also made her the first “Baby Boomer.”

first boomer Kathleen Casey-Kirschling 

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At 6000 degrees Kelvin,

the surface of the Sun is actually one of its coolest spots.

Both the Sun’s interior and its corona

measure in the millions of degrees Kelvin.

sun

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Sir Isaac Newton was only 23 years old

when he discovered the law of universal gravitation.

Sir Isaac Newton

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When Burger King decided to sell fast-food Down Under,

they found that there was already a local carry-out restaurant called “Burger King.”

As a result, if you’re looking for a Whopper in Australia today,

you’ll have to go to a chain called “Hungry Jack’s.”

hungry_jack__s_updated__by_tectris

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More people use blue toothbrushes, than red ones.

blue toothbrush

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If you combine the electoral college results

of the ’80 and ’84 elections, Reagan won 1014-62.

reagan-mondale-1984-electoral-college-map

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In the United States the two-digit Interstate numbers

are designed to let drivers know the general direction of the highway.

If the Interstate has an odd number, it runs north-south.

Interstates with even numbers run east-west.

interstate sign

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More people are afraid of open spaces (kenophobia)

than of tight spaces (claustrophobia).

confined_space_caution_sign_2__77519

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Goosebumps are actually caused by a muscle.

It is called the arrector pili muscle.

Doesn’t knowing that give you…

I mean, stimulate your arrector pili muscle?

goosebumps

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The word “samba” means “to rub navels together.”

samba

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Paul Hunn holds the record for the loudest burp,

which was 118.1 decibels, which is as loud as a chainsaw

Paul Hunn burp

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All dogs are the same species, meaning that

(notwithstanding the obvious physical challenge)

a Chihuahua and a St. Bernard could procreate.

Louisville Fall Festival Dog Show

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Abraham Lincoln and Charles Darwin

were born on the exact same day.

darwin-vs-lincoln

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The Chicago River used to flow into Lake Michigan,

but the U.S. Army Corps of Engineers switched it to flow backwards,

AWAY from the lake, for sanitation purposes.

Chicago River

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Swedish pop sensations ABBA had to negotiate the rights

to their name with a canned fish company.

Abba

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In the 16th century, gin was referred to as “mother’s ruin”

because people thought it could induce an abortion.

gin-and-tonic

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The Neanderthal’s brain was actually

bigger than yours is, not smaller.

Neanderthal

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The area where Washington, D.C., now stands

was originally a mosquito-infested swamp.

It took years to drain and clear the land before the

nation’s government was moved to the city in 1800.

washignton-dc

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William Wrigley originally started in the baking powder business.

With his powder, he gave a free pack of his gum.

He later abandoned the baking powder business

when he learned that people were buying it just to get the gum.

william_wrigley_jr_1891

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Do You Need Help?

“Fight Against Stupidity And Bureaucracy”

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Now and again people have said to me, “You need help.” And I’m not just talking about people who read this blog. They mean it in a caring way I’m sure and indeed there are occasions when a little help would be very welcome.

This is especially so in business. In these cases you are even willing to pay for that help, but you still have the problem of letting people know that you have a job for them.

So what do you do?

You advertise the available positions, of course.

Sounds easy?

Well, for most of us it is. For the intellectually challenged not so much.

Take a look at this lot below and you’ll see what I mean.

Enjoy!

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helpwanted21

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helpwanted20

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helpwanted22

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CLASSIFIED: For Your Eyes Only, Part Five!!!!!

“Fight Against Stupidity And Bureaucracy”

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Welcome to part five of the Classified Ads that meant well but didn’t quite deliver what they promised.

Thankfully however they did deliver on comedy value.

Enjoy.

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classified ad 53

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classified ad 54

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classified ad 53

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classified ad 56

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classified ad 57.

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classified ad 58

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classified ad 59

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classified ad 60

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classified ad 61

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classified ad 62

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classified ad 63