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Archive for April 30th, 2013

I’ve made the point before that the United States foolishly imposes the highest corporate tax rate of all developed nations.

But that obviously means it is theoretically possible for there to be a nation in the developing world that has a higher corporate tax rates.

Well, according to this map produced by the Financial Times, there is one nation with a worse corporate tax regime.

Corporate Tax FT Map

It’s not China, which is nominally still a communist nation (though apparently with more of a pro-business mentality than the United States).

It’s not Venezuela or Argentina, corrupt and thuggish Latin American nations. And it’s not Zimbabwe, a statist kleptocracy in Africa.

The one nation in the world which is worse than the United States is the United Arab Emirates, with a corporate rate of 55 percent.

There’s no data on revenues collected by this onerous levy, but I’m going to make a sight-unseen prediction – based on Laffer Curve insights – that the UAE’s corporate income tax raises almost no money from the non-petroleum sector of the economy.

P.S. If the OECD succeeds in undermining corporate tax competition with its “BEPS” initiative, I expect we’ll see many nations raising corporate tax rates.

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I’ve shared two personal fantasies on this site, but I must be a policy wonk because they involved a vision of a  politician telling a voter to grow up and an imagined interaction between the Governor of Texas and the United Nations.

Not exactly steamy stuff, I realize.

And even when I posted a video about libertarian porn, it involved zero nudity.

So I think I’m being very bold in sharing this libertarian fantasy.

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This morning my friend lucked out and was able to buy several cases of ammo.

"Libertarians are hot"

“Libertarians are hot”

On the way home he stopped at the gas station where a drop-dead gorgeous blonde was filling up her car at the next pump.

She looked at the ammo in the back of my pickup truck and said in a very sexy voice, “I’m a big believer in barter. Would you be interested in trading sex for ammo?”

He thought a few seconds and asked, “What kinda ammo ya got?”

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Too bad this has never happened to me.

Unfortunately, libertarians usually are the target of jokes, though I admit some of them are very amusing.

For instance, a video portraying Somalia as a libertarian paradise.

Then we have two cartoons, one on libertarian ice fishing and the other showing libertarian lifeguards.

And this image showing 24 types of libertarians.

Last but not least, this montage of how the world views libertarians.

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