The rather odd apologists who seem to have the need to defend corporate greed usually go right to the claim that the United States has the highest rate of corporate taxation.

On face value that would seem to be the case.

But what they either avoid mentioning, or simply do not know or want to acknowledge is that the 35% corporate rate goes down to a little over 12% if you factor in subsidies and tax loopholes.

It also seems to escape them that while they defend corporations and willingly pay what they are charged by them, they are subsidizing many through their taxes because of the need for employees to survive by relying on food and housing subsidies.

And when there is a threat that these corporations might have to pay a little more to help the country and the people in it who made them, they threaten “inversion”, or moving their headquarters to a foreign country so that while making their fortunes here, and enjoying what congress gives them, they will be paying the lower tax rates of their new country.

They will depend on our infrastructure and our people, but will do nothing to support either.

That’s what Burger King intends to do by moving to Canada after buying the Canadian coffee shop chain Tim Horton’s.
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Although Burger King is the sixth largest fast-food chain in the world, while Tim Horton’s, which is limited to Canada and the northern United States, is not in the top ten, together they would become the third largest fast-food retailer.

I went to Forbes Magazine to see what they had to say, since whenever there is some financial topic, Forbes gets cited.

According to Forbes contributor Brett Arends , the corporate tax should be abolished because “Corporations don’t exist, except as a figment of our legal imagination. There is no person called General Motors  or Pfizer . At the risk of shocking the impressionable, Burger King isn’t a real king. He isn’t even a person”.

This confuses me as SCOTUS decided that corporations are people, and in 2012 Mitt Romney announced that “corporations are people, too”.

I do not go to McDonald’s because of the way they treat their employees, and I do not go to Walmart since I spend money there anyway without even going in. Locally the only fast food place in town is Burger King where I will no longer buy anything.

That leaves a lot of locally owned restaurants, most of them dealing with seafood, and most of those about to close as the tourist season comes to an end.

But I am declaring my independence from the king.