Tuesday, May 20, 2014

START OF SOMETHING BIG?





Like the words of that old Steven Allen classic: "This could be tbe start of something big."

We certainly hope so.

Pfizer sort of kicked the would-be tax-saving party off. And don't look now but there's another one. This one taken up by shareholders of the biggest drug chain in the US, Walgreens.

You want to unchain Prometheus? Forget all that neoclassical Keynesian government spending gibberish. Unleash what you've got. Cut the onerous corporate tax shackles and watch the economy and jobs take off.

Kudos to those investors pushing Walgeens to relocate in Switzerland after the firm's $16B takeover of Alliance Boots recently. Are you paying attention corporate America and all you shareholders concerned about having enough money for your retirement?

Insist on an end to double taxation of dividends. Put your foot down on that big, fat Washington Leviathan. Their tax nonsense and wasteful ways are just an old song nobody's going to sing any more. It won't happen without you.

If you want proof of how effective it would be just check what stock prices of other drugstores did on the news.

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