Why Are The Bureaucrats Destroying What Made America Great?

“Fight Against Stupidity And Bureaucracy”

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The Sunday Sermon

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Since the government and bureaucrats in the United States abandoned the business-friendly environment that made the country the greatest and wealthiest nation on earth, and replaced that with a legislative and wealth redistributing strategy that is anything but business-friendly, there has been a growing trend for successful companies to leave the US.

It should have been obvious – and indeed it was – to everyone but the morons in Washington. 

 

obama cartoon big government

The latest to try to make a move out of the United States is the pharmaceutical giant AbbVie, currently based outside Chicago, Illinois, but not for much longer if they get their way.

Using a $53 billion acquisition of the Jersey-registered, Irish-headquartered global specialty biopharmaceutical company “Shire”, a deal that will allow Abbvie to reincorporate elsewhere, it plans to leave the high tax US for a more advantageous business environment.

By making this move and escaping United States tax rates, Abbvie will pay lower taxes on its international earnings, get access to overseas cash more cheaply, and be able to acquire other companies without making their earnings subject to United States taxes.

Abbvie

And Abbvie is not alone.

There has been a rush of companies wanting to get out of the United States. Health care companies in particular, such as Medtronic, Mylan, Actavis, Perrigo, Jazz Pharmaceuticals and Endo, have pursued these “inversion deals”, as they are called, with particular zeal.

The moral of the story is simply this.

When a country forgets what has made it great and instead turns into something quite the opposite, all the reasons for its greatness disappear. And the United States is doing this at a time when it is heavily in debt – the most indebted nation in the world by a long way.

The short-termism of trying to grab as much money as possible from companies and individuals will end in failure and disaster for all. People like Obama try to put a fancy misleading name on it and call it “wealth redistribution”. What it really is, is a major disincentive for anyone to want to set up and do business in the United States.

redistribution-of-wealth

And as you would expect, the idiots in Washington aren’t scratching their heads and wondering why more and more companies are opting to leave the US. Instead the bureaucrats are trying to think of ways to make it illegal for companies like Abbvie to adopt this strategy. 

Treasury Secretary Jacob J. Lew has already sent letters to senior members of Congress, encouraging them to pass legislation halting inversions. The legislation being considered by some lawmakers would be retroactive, and if passed, could impede AbbVie’s ability to reincorporate overseas.

Treasury Secretary Jacob J. Lew

And proving that stupidity is a cross party phenomenon, on Thursday, Senator Orrin G. Hatch, the Utah Republican who is the ranking member of the Senate Finance Committee, responded to calls from the Obama administration to crack down on inversions by saying he supported a short-term fix, although he suggested that the administration’s initial proposal went too far.

Senator Orrin G. Hatch

It seems fairly logical in my mind that the way to stop this growing exodus, which in the longer term will leave the US a lot poorer and a lot more of its citizens out of work, is to legislate to reduce tax bills, not increase them; to give businesses an incentive to invest and expand in the United States, not to drive them away; and to encourage entrepreneurs to relocate TO the US rather than scramble to get out.

Of course, that’s just in my head. All that is in the heads of the idiot bureaucrats in Washington is self-defeating rubbish like increase minimum wages, increase healthcare contributions, increase taxation, introduce capital controls, increase government bureaucracy so more debt is piled up and the USD$ weakens further, and of course start a few more wars to distract the people from the mess that is being made at home.

So, to pose the question in the title of this post again, why are the bureaucrats destroying what made America great?

Your guess is as good as mine, although while some obviously have malicious intent, I wouldn’t entirely rule out plain old stupidity!

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Is Your Life Insured?

“Fight Against Stupidity And Bureaucracy”

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It’s an interesting question.

But worry not, I am not going to try to sell you an insurance policy nor even recommend one.

Quite the reverse in fact.

Many people have some kind of life insurance for the financial protection of their families if they should be unfortunate to pass away unexpectedly.

It is usually for enough money to pay off the mortgage with a little left over to provide some kind of income for the wife and kids.

At least that’s how it should be.

dead peasants indursnce

But there is a growing trend for employers to insure their employees. A nice gesture you might think at first. Until you find out that the beneficiary of the insurance would not be the survivors or estate of the insured employee, but the corporate pension plan!

It is unofficially known as “dead peasant” insurance, and hundreds of corporations have already taken out policies worth hundreds of billions of dollars, on thousands of employees, providing companies with a steady stream of income as current and former employees die  –  even decades after they have retired or left the company.

And new “dead peasant”policies worth at least $1 billion are being put in place every year!

Unsurprisingly the greedy money-grabbing banksters are especially fond of the practice. Bank of America’s policies have a cash surrender value of at least $17.6 billion; Wells Fargo’s at least $12.7 billion; and JPMorgan Chase at least $5 billion, according to filings with the Federal Financial Institutions Examination Council.

corporate greed

Of course the tax-men are to blame too – aren’t they always? – because so-called company-owned life insurance offers employers generous tax breaks. For example, company-paid premiums are tax-free, as are any investment returns on the policies and the death benefits eventually received. Although having said that it has to be admitted (grudgingly) that the I.R.S. has taken companies including Winn-Dixie and Camelot Music to court for using such policies as tax avoidance schemes.

Many people faced with a request from an employer to consent to such a policy are too afraid not to comply in case it affects their job or promotion prospects. They shouldn’t be because that would probably be illegal as well as unethical. Class-action lawsuits against several companies with such policies are already underway or have been settled. Several companies, including Walmart, settled the suits, paying millions to low-ranking employees who had been covered.

So if you are uncomfortable with the thought that your company might profit from your death, don’t sign up.

And as for the corporations? I’m as fond of making a few bucks as the next man, but you have to draw a line somewhere and I think corporations should be content with the contribution their employees make to their company profits when they are alive, instead of conniving to profit from their deaths also.

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Fact Filled February Continues.

“Fight Against Stupidity And Bureaucracy”

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It’s the last fact filled Tuesday in February, but not the last of the facts!

Another random mixture, surely there will be a few good ones in here for you.

Enjoy.

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did you know2

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The Earth weighs around

6,600,000,000,000,000,000,000 tons

(5,940 billion billion metric tonnes)!

earth-moon-mass

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Over 10,000 birds a year die

from smashing into windows!

bird seeing stars

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A mole can dig a tunnel 300 feet long

in just one night!

mole

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In Natoma, Kansas, it’s illegal to throw

knives at men wearing striped suits.

men wearing striped suits

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About 3000 years ago, most Egyptians

died by the time they were 30!

ancient pharaoh_preview

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There wasn’t a single pony in

the Pony Express, just horses!

ponyexpresslogo

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The penguin is the only bird

that can swim, but not fly!

penguin

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There are approximately fifty Bibles

sold each minute across the world!

bibles

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Rice paper does not have any rice in it!

Rice_paper

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The most used letter in the English alphabet

is ‘E’, and ‘Q’ is the least used!

EQ

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The opposite sides of a dice cube

always add up to seven!

dice-game-cube-die-gambling-gaming-img

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Apples are more efficient than caffeine

in keeping people awake in the mornings!

apples in a bowl, spoon and coffee beans isolated on white

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The poison-arrow frog has enough poison

to kill about 2,200 people!

poison arrow frog

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Smelling bananas and/or green apples

(that’s ‘smelling’, not ‘eating’)

can help you lose weight!

banana and green apple

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A lump of pure gold the size of a matchbox can

be flattened into a sheet the size of a tennis court!

gold_2Dbar

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Facts? Fantastic! Here’s A Few More.

“Fight Against Stupidity And Bureaucracy”

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Yes, here are a few more fantastic facts to deposit in your knowledge bank.

Very random, but hopefully interesting.

And in case you are wondering, yes, I’m staying clear of St. Louis for obvious reasons.

Enjoy.

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did you know1

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It’s illegal to drink beer out of a bucket

while you’re sitting on a curb in St. Louis!

drink beer out of a bucket

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One ragweed plant can release as many as

one billion grains of pollen!

Solidago balsam ragweed plant

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The two-foot long bird called a Kea that lives in New Zealand

likes to eat the strips of rubber around car windows!

kea bird

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Skepticisms is the longest word

that alternates hands when typing!

keyboard

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The director of Cannibal Holocaust had to prove in court

that the actors were still alive and didn’t get killed during the movie

cannibal-holocaust-original

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A group of geese on the ground is a gaggle,

a group of geese in the air is a skein!

geese in the air

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Over 2500 left handed people a year are killed

from using products made for right handed people!

left handed people

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There are more than 10 million bricks

in the Empire State Building!

Looking Up at Empire State Building

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If you counted 24 hours a day,

it would take 31,688 years to reach one trillion!

1_trillion

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The sun is 330,330 times larger than the earth!

Solar_System_3

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Pinocchio is Italian for “pine eye”!

Pinocchio

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The Mint once considered producing

doughnut-shaped coins!

doughnut-shaped coins

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It’s against the law to pawn your dentures in Las Vegas!

false-teeth

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The average American/Canadian

drinks about 600 sodas a year!

sodas

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Bulls are color blind, and therefore will usually charge

at a matador’s waving cape no matter what color it is

— be it red or neon yellow!

 Bulls are color blind

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Did You Know – It’s Fasab’s February Facts

“Fight Against Stupidity And Bureaucracy”

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These facts aren’t particularly for February, it just sounded good for the title.

In fact they are just as random as ever so hopefully you may find something of interest.

Enjoy.

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did you know2

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Saturday mail delivery in Canada was eliminated

by Canada Post on February 1, 1969!

Canadapost

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Arnold Schwarzenegger was paid approximately $21,429

for every one of the 700 words he said in,

Terminator 2: Judgement Day.

arnold-schwarzenegger-in-terminator-2

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In Tokyo, a bicycle is faster than a car for

most trips of less than 50 minutes!

Tokyo traffic

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In England, there is still a law on the books

requiring all men older than 14 years old to carry out

2 hours of longbow practice every day.

longbowmen

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Star Wars was originally prefixed

by the definite article ‘The’.

The Star Wars

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In Germany, it is illegal to run out of gas

on an autobahn (highway).

autobahn

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In Australia, it’s illegal to name

any animal you plan to eat.

kangaroos

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Your body is creating and killing 15 million

red blood cells per second!

red-blood-cells

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The king of hearts is the only king without

a moustache on a standard playing card!

king-of-hearts-playing-card

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The Mona Lisa has no eyebrows.

It was the fashion in Renaissance Florence to shave them off!

(Bet you never noticed!)

Mona Lisa

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Every day 20 banks are robbed.

The average take is $2,500!

bank robbery

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Tablecloths were originally meant to be

served as towels with which dinner guests

could wipe their hands and faces after eating!

tablecloth

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The names of Popeye’s four nephews are

Pipeye, Peepeye, Pupeye, and Poopeye!

Popeye's four nephews Pipeye, Peepeye, Pupeye, and Poopeye

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Until the nineteenth century, solid blocks of tea

were used as money in Siberia!

blocks of tea

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There is a sound effect called the Wilhelm Scream

that has been used in over 200 movies and TV shows since 1951

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Did You Know? – Here Are Some More Things You Probably Didn’t.

“Fight Against Stupidity And Bureaucracy”

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Welcome to another fact finding day on the fasab blog.

Fifteen more very random but hopefully interesting facts that you probably didn’t know.

Enjoy.

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did you know4

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If you live in France,

and happen to own a pig,

it is illegal to name it ‘Napoleon’.

pig Napoleon

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50 of the 83 restaurants

featured on Ramsay’s Kitchen Nightmares

have been sold or shut down.

ramsays-kitchen-nightmares

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In Turkey, it is illegal for a man

over 80 years old to become a pilot.

pilot turkey

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It took 127 beers to make Andre The Giant

pass out in a hotel lobby;

 he was so big, hotel management couldn’t

move him and left him there until the next day.

Andres-Hand-beer

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If you have the plague you are not

permitted to flag down a taxi in London.

London taxi

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If a set of identical twin women

married a set of identical twin men

and subsequently had children,

their kids would genetically be siblings.

nicoleandjaqueline

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Every year Louis Vuitton burns

all of its unsold stock of bags.

Louis_Vuitton_Speedy_Hand_Bags

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It is against the law in Barbados to wear any camouflage clothing,

but, hey, if it’s good enough whose going to notice?

bushgreen camouflage

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Sean Connery wore a wig in every

one of his Bond performances.

Sean Connery James Bond

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Whilst chewing gum in Singapore is not illegal,

importing it, or selling it,

or spitting it on to the pavement definitely is.

Singapore gum sign

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Peter Sellers was paid $1 million for his

part in the movie Dr. Strangelove,

55 percent of the film’s budget.

peter-sellers-as-dr-strangelove

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In Canada stores are not

legally required to accept coins

Canadian-Specimen-Set-Coins

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The United Arab Emirates donated a laptop

to every high school student in Joplin, Missouri,

after the city had been devastated by a tornado.

Joplin, Missouri after tornado

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Astronaut Pete Conrad’s first sentence on the moon was

“Oooh, is that soft an queasy”,

said in order to win a $500 bet.

pete conrad

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And speaking of the Moon,

the Moonwalk predates Michael Jackson by at least 50 years,

having been performed by James Brown, David Bowie,

Dick Van Dyke and Cab Calloway.

(MJ is still the best at it though.)

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Did You Know? The Fact File Is Open Again!

“Fight Against Stupidity And Bureaucracy”

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The fact file is open again so let’s have a look and see what random bits of information have come up today.

As always, enjoy.

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did you know5

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Through the first half of the 20th century,

only one winner of the Oscar for Best Picture was filmed in color:

Gone with the Wind.

gone_with_the_wind_poster

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Horses and donkeys are of different species.

In order to get what we call a “mule,” a horse and donkey

must mate and produce offspring.

Any offspring between two different species

will be sterile and unable to reproduce.

horse and donkey in love

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Between 1912 and 1948, art competitions were a part of the Olympics.

Medals were awarded for architecture, music, painting, and sculpture.

LondonAlbertHallArt poster

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Medal of Honor recipient Thomas Baker

was gravely wounded and had his comrades leave him behind,

propped up against a tree with a pistol that had 8 bullets remaining.

Later they found his body next to the tree,

surrounded by 8 dead Japanese soldiers.

Thomas Baker Medal of Honor

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A 14 year old boy broke into Buckingham Palace

and stole the Queen’s underwear.

The Queen's Knickers

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Theodore Roosevelt was once shot at during a campaign rally in Wisconsin.

The bullet penetrated his glasses case and a manuscript,

just missing his right lung.

Being an expert hunter he decided to stay and give his speech

since he wasn’t coughing up blood.

His speech lasted nearly an hour.

Theodore_Roosevelt_circa_1902

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Sean Penn once beat Madonna over the head with a baseball bat,

shot at a paparazzi,

and hung another paparazzi by is ankles from a ninth-floor balcony.

(I hope he isn’t upset by this post!)

sean-penn

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In 1994, Bill Gates bought the Da Vinci Codex for $30m

and then had it scanned and distributed

as screensavers and wallpapers for Windows95.

Da Vinci Codex

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An eyeball weighs about 1 ounce.

eyeball

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World Famous Jack Daniels Tennessee Whiskey

is made only in the small town of Lynchburg, Tennessee.

Though the town supplies the world with the famous libation,

not a drop may be purchased for consumption anywhere in town.

Moore County is a “dry” county,

meaning that the sale and consumption of alcohol is illegal.

Jack Daniels Tennessee Whiskey

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300 people died in Ycuá Bolaños supermarket fire

on Sunday, August 1, 2004 in Asunción, Paraguay

because the owners shut the doors

so people wouldn’t leave without paying.

Super_Ycuá_Bolaños_01_08_2005

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Cats sweat through the pads of their feet

(especially when they hear a dog barking)

and cannot taste sweet things.

cat's paw

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In 1939, Hitler’s nephew wrote an article called

“Why I Hate My Uncle.”

He came to the U.S., served in the Navy,

and settled on Long Island.

Hitler's nephew

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Britain’s Prince Harry is partial owner

of a racehorse named Usain Colt.

Usain Colt

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A priest on the Titanic refused a place on a life boat twice,

and stayed behind to hear confessions and

give absolution to people left on the ship.

titanic_ship-HD

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A “2 by 4″ is really 1 1/2″ by 3 1/2″.

2 by 4

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There are more than 40,000 different

spoken languages in the world today.

international_languages

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11% of the world is left-handed.

left-handed-products

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With five full-time chefs, the White House kitchen

is able to serve dinner to as many as 140 guests

and hors d’oeuvres to more than 1,000.

White House kitchen

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Bob Marley was buried with his red Gibson guitar,

a Bible opened to Psalm 23, and a bud of marijuana.

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