Top White House Economic Adviser Involved in Patenting Strategies to Avoid Taxes

[babylonsister]

Does it ever end?

http://commonsense.ourfuture.org/foxed_name_chair_department_henhouses?tx=3


Top White House Economic Adviser Involved in Patenting Strategies to Avoid Taxes

Tax Notes, a trade journal for tax experts (sorry subscription required), reports that Edward Lazear, chairman of the President's Council of Economic Advisers, is named on a patent application for a product to help companies avoid taxes. The application was filed 10 months after Lazear began working at the White House.

The White House says that, essentially, Lazear's work on the product ended before he came to the White House. Whatever the case may be, it certainly highlights questions over whether tax strategies should be patentable at all. A patent reform bill in the House of Representatives includes provisions that ban patents on tax strategies. Senators Max Baucus (D-MT) and Charles Grassley (R-IA), chairman and ranking member of the Finance Committee, plan to craft a bill that would ban tax patents as well. A bill introduced by Senators Carl Levin (D-MI), Barack Obama (D-IL) and Norm Coleman (R-MN) in February to target offshore tax avoidance also bans tax patents.

As Levin pointed out when he introduced his bill, patent law exists to encourage innovation. There is no lack of innovation when it comes to avoiding taxes and there is certainly no public policy reason to encourage it.

[The Backlash Cometh]

1. Remember back in the old days when tax cheats were considered bums?

[wildbilln864]

2. Check this out..........

video link

[The Backlash Cometh]

3. Don't have the time to go through the whole thing, but let me take a gander.

A Democracy is a form of government where majority rules.

But the United States added an extra protection for minorities and/or individuals, which technically, makes it something else, than a pure Democracy.

Republicans like to say that we are not a Democracy, but a Republic. Now, I know they use that to support their position of State's Rights, but is it also possible that the rules of a Republic, are also the same ones that protect the rights of the individuals and ergo, minorities?

That video could really use some editing. It sounds like it has something important to say, so it should just get to the point quickly and say it.

[wildbilln864]

4. Yes it's very important IMO.

And it's a long video but very educational IMO. Thanks for the response though.