After denying in a Chris Matthews interview on CNBC that she’s a socialist, Hillary Clinton said:
“I can tell you what I am, I am a progressive Democrat … who likes to get things done and who believes that we’re better off in this country when we’re trying to solve problems together. Getting people to work together.”
So, how does she propose to “work together” to solve the “problem” of tax inversion? Fix the corporate tax code to make America competitive with the rest of the industrialized world, which will reduce the incentive for companies to relocate or “park” earnings abroad? Nope. As Reason.com’s Ed Krayewski reports, Hillary Clinton Wants to Keep Companies From Leaving U.S. By Holding Patents Hostage:
Democratic presidential candidate Hillary Clinton told a crowd in Iowa she wanted to keep American companies from moving overseas by "using their patents as leverage to make them pay their taxes," referring to companies like Apple and GE she said "were salting money away offshore."
Just last month, Tim Cook, the CEO of Apple, again denied the company dodged its taxes. "Apple pays every dollar we owe," he said. Apple's harassers, which now include the Democratic presidential frontrunner, insist Apple's perfectly legal decision to hold money abroad to avoid onerous U.S. taxes was wrong.
Socialist or not, that’s how a statist solves problems caused by government—punish the victims with even more rights-violating government policies. That, in Hillary’s worldview, is how we “solve problems together.” Not much in that “togetherness” for her victims.
[ASIDE: I disagree with Krayewski on one key point: He’s says patents are “government privileges” because patents can be used “to suppress a competitor.” This may sometimes be true. We can argue over how patent law should apply. But patent law is crucial to protecting property rights, which encompasses both the intellectual and the material. Patents are not a privilege. It’s the government’s job to protect individual rights. That’s what we pay the government to do.]