The offshore credit card processing industry is ready and waiting to service your small business too.

(disclosure: I am not in this industry, but am in an allied industry)

As Skanderberg notes, it’s a very good way to Galt (ala John Galt) and help Atlas shrug.

You can do this. Especially if you business is fully or partly internet based.

I don’t have ANY information at all on this “what-if” I’m saying in a moment (that’s the disclaimer!!!!), but just try to imagine what a coup it would be if Estonia could get Cisco to relocate their base there.

This was once unthinkable. That’s rapidly becoming no longer the case….

Oh. Yeah. It’s coming. The Ds think the government is the benevolent power in this country, and it’s been said that we deserve the government we have. And we’re going to get it good and hard.

BTW, even if card check doesn’t pass, don’t think for a moment that Hilda Solis isn’t going to kill US companies with her union Labor Bureau.

In 2003 or 2004, Bush dropped the “repatriated” profits” tax to 5% for a year … $200 billion came back into the US.

These days, were I a corporation, I’d be happy to keep my overseas profits overseas … use the cash to build more factories overseas … and hire overseas workers to run them.

Aside from “tax havens” like Caribbean islands that offer PO Boxes to contain corporate headquarters (__ see Tyco, R. Allen Stanford ), most corporate assets overseas are used to produce and sell products overseas. Capital already went out the door … would you rather US companies expanded into China, or Chinese companies expanded into the US?

We know how well that strategy turns out . . .

One of the fundamental stupidities of leftists – and the economically uneducated public at large – is their failure to understand the simple truth: there is NO SUCH THING as a “corporation.” It’s a metaphor, a legal construction which enables the raising of venture capital. Without this fictional entity, anyone who burned himself on a GE toaster could sue not only the company and its insurers, but every single stock and bondholder.

By incorporating an enterprise, the passive investors are shielded from personal liability for misdeeds of the company (of course, egregious misdeeds will cost them in the value of their investment, but they need not fear being dragged personally into court by some hack lawyer in Mississippi because the company didn’t de-ice the sidewalk in front of their office fast enough).

Without this shield, investors would face far greater risk than that of the basic business endeavor, and so would demand far greater return. Capital would become prohibitively expensive, so little business expansion could take place.

So the “corporations” against which the self-righteous leftist ignoramuses rail are really the people who work for them, and the investors who own their stocks and bonds – the overwhelming majority of whom are pension funds held for other workers. The only measurable difference between the leftist anti-corporate morons and the people represented by the legal artifice of the corporation is that the latter have real jobs.

Which also means that they’ve got to be planning to make U.S. companies captive by prevent them from moving capital overseas. Or perhaps seize all U.S.-based assets if a company tries to move. I think things are going to get a lot worse unless there are enought patriots in congress who will defy the Jacobians and put an end to this.