American billionaire business magnate and investor Warren Buffett's decision to invest in the $11 billion deal to help Burger King buy Canadian coffee-and-doughnut chain Tim Hortons may not be quite as cut and dry as many have painted it when it comes to his stance on paying U.S. taxes.
As Michael Hiltzik at the LA Times noted when writing about the deal earlier this week "[I]t doesn't look like he's changed his mind much on inversions in general. He thinks the inversion loophole is a bad idea, and he doesn't buy the argument that skipping out on American taxes is the only way for a corporation to make money in America."
That didn't stop the talking heads on Faux "news" from pretending that Warren Buffett is now firmly on their side when it comes to corporate tax rates in America and with singing his praises to the hills, with the exception of The Five's token fake "liberal" Bob Beckel who went after Buffett for his latest move.
From Fox's Blog: ‘Wake Up’: Guilfoyle Slams Nation's Punitive Business Taxes:
The hosts of “The Five” tonight weighed in on Burger King’s move to Canada.
President Barack Obama’s pal Warren Buffett helped to finance the deal.
Kimberly Guilfoyle said that now, maybe the government will learn that we must get rid of punitive taxes because we lose business.
“Wake up. Lower the tax rates, stop regulating so much so people can earn a buck and have some jobs in this country.”
Sen. Sherrod Brown (D-Ohio) is calling for a boycott over the move.
“I love it when people boycott something that they don’t actually use […] a politician will never boycott a limousine car service, even if their fuel is children's tears,” Greg Gutfeld said.
Good luck with that, Gutfeld. There are a lot of people in the United States Senate you could legitimately go after and paint as some "elitist" but Sherrod Brown isn't one of them.
The blog at Fox also failed to mention Gutfeld's little Ayn Rand-like diatribe at the end where he suggests all of those "makers" like the "gas companies, the coal companies, the electrical companies, the food companies" "have a strike, a one day strike" and see how the "government takers" deal with it.
Someone needs to remind him that he's not 14 years old any more and should have put Ayn Rand down a long time ago if he wanted to join the real world. And note to Gutfeld -- all of those "makers" don't do so well without consumers and a whole host of people that they generally call customers -- not politicians or "takers." And "going on strike" even for a day is not a terribly productive model for any business that actually wants to stay in business.