It isn’t exactly smart campaigning, to echo what you recently criticized.
It also helps refocus people’s attention on the fact that Mr. Romney himself keeps money in offshore tax havens, which the recent leak of Bain docs by gawker.com highlights nicely.
According to Romney, the problem for small businesses is that they aren’t as able to hide their money away in off shore tax havens and prancing horse deductions. Presumably they’d be just fine if they could.
Now, if you’re going to hammer your opponent for a sound bite even though he has since clarified what he meant, and then you go and say something that sounds the same, you’ve just screwed up big time. Better take a bite of shit sandwich.
Not the same thing at all. Big business is doing fine in many places. If you take it out of context, sure. But you can do that with a lot of stuff. He’s saying that Big business often likes regulations and a complicated tax code because it stifles competition, usually from smaller business.
Sixty-one percent of small business owners plan to vote for the Republican challenger, more than double the 26 percent who say they will vote for President Obama, shows a survey released Tuesday by Manta. The president’s numbers have fallen six points since May, while Mitt Romney has picked up four points with business owners. In the latest national polls, the candidates are virtually deadlocked.
I heard this from the Mises Institute too. Wal-Mart pushed for a minimum wage increase since they could easily handle it with their profit rates. If there’s one thing the libertarians have going for them, they consider monopolies more of an anathema than worker control of the means of production. Their proposed method of preventing monopolisation doesn’t stand up to scrutiny though.
Its not full proof, thus the need for anti-trust laws. Anti-trust laws prevent free market monopolies from arising. What monopolies or cartels do exist are created by government policies limiting entry into the market, usually at the behest of the industry incumbents.