Milking the multinationals is too bold a statement.
Consider that Europe has had austerity in several countries. The average person was told that they needed to suffer fiscally for a few years (in terms of social services being trimmed and taxes not going down, sometimes going up) in order to redress spending imbalances and show the bond markets that things are under control. Meanwhile, we learn that the very largest, cash-rich, profitable companies in the world are paying little tax compared to other companies and small businesses, all because of special tax treatment in some countries. Is it any surprise that politicians have to act on that? This is the connection.
And someone below said that the HN forum is far left. That's a little rich, pun intended, given that many of the people who contribute are directly related to venture capital, or own lots of stock or are self employed, or just wealthy. Sometimes the world can't as easily be broken into left and right.
Consider that Europe has had austerity in several countries. The average person was told that they needed to suffer fiscally for a few years (in terms of social services being trimmed and taxes not going down, sometimes going up) in order to redress spending imbalances and show the bond markets that things are under control. Meanwhile, we learn that the very largest, cash-rich, profitable companies in the world are paying little tax compared to other companies and small businesses, all because of special tax treatment in some countries. Is it any surprise that politicians have to act on that? This is the connection.
And someone below said that the HN forum is far left. That's a little rich, pun intended, given that many of the people who contribute are directly related to venture capital, or own lots of stock or are self employed, or just wealthy. Sometimes the world can't as easily be broken into left and right.