Warren Buffet is unpatriotic
....at least according to the emperor's criteria . When he isn't wearing out the battery in his golf cart ;the emperor has been laying the groundwork for the Dems class warfare fall campaign.
Among his many bleats is this line that corporate tax inversion is "unpatriotic" ...total gibberish of course .
So it must come as a shock to him that Burger King ;which has been getting it's butt kicked in the US market ;and has seen it's growth in the international market would make move to consolidate it's market position by merging with highly successful Canadian corporation Tim Horton's .
But the real thing that gets the emperor's goat ,and has the lefties howling at the moon, is the announcement that BK will move their corporate HQ to Canada ;where corporate tax polices are much friendlier than the US market . Here in the U.S., corporations are taxed at up to 40% of their income. In Canada, the comparable top rate is about 26%.
But wait ..there's more ! That buy US cheerleader ;the self professed UNDERTAXED corporate crony to the emperor ,Warren Buffet is going to finance the merger !!! For a 9% interest in the merger ,Buffett is going to pony up $3 Billion .
The clueless political elites who over-tax ,over-regulate driving American companies overseas are the unpatriotic group in this deal .Buffet is just an opportunistic hypocrite.