Dr. Ben Carson: The Patriotism of Prosperity

 A few weeks ago, it was quite revealing — but not surprising — to hear Treasury Secretary Jacob Lew imply that corporate America should willingly pay the highest corporate-tax rates in the world as part of its “patriotic” duty. This kind of discourse demonstrates a profound misunderstanding of capitalism, which is an important component of American exceptionalism.

In our system, people do not go into business, in many cases risking everything they have and more, in order to support the government. They obviously take those kinds of risks to make money. Instead of chastising American businesses for making financially prudent overseas investments, a wise and understanding government would be creating a domestic environment that is conducive to investment, innovation and growth, reducing the appeal of foreign explorations. A fair tax structure and a reduction in unnecessary regulations would go a long way toward establishing this environment.


 Recently, President Obama indicated displeasure with the large and very successful medical-device company Medtronic, which has made public plans to acquire the Dublin-based company Covidien. This would result in one of the largest tax-inversion deals in history. Medtronic would move its headquarters from Minnesota to Ireland, relinquishing some of its American identity but reaping massive tax benefits because they would be taxed at the Irish corporate rate rather than the American corporate rate.

In a recent West Coast speech, Obama said companies doing such things are “technically renouncing their U.S. citizenship.” He added, referring to such companies, “You don’t get to pick which tax rate you pay.” The fact is, they do get to pick their rate, because they are mobile and not yet under the complete control of a tyrannical government.

The days of an insular business environment are long gone from America, and we must recognize that we are players on the global stage. This means successful businesses will take advantage of conditions anywhere in the world that will promote their growth and value to shareholders. Instead of patriotism being defined as unthinking devotion to governmental tax edicts, perhaps it is better described as using one’s talents and resources to bring strength and prosperity to our land through the successful utilization of advantages found worldwide. Our tax and regulatory policies should be aimed at helping companies achieve this latter definition.

Many American companies have social-responsibility committees that are very popular with socially conscious directors. They commit time, effort and money to enhancing the quality of life in their local communities, as well as nationally and globally. By not punishing these companies with corporate-tax rates that no other country in the world sees as reasonable, we not only contribute to their financial well-being, but we also greatly enhance their ability to have a positive effect on social problems here in the United States.

There is absolutely no need for animosity between the government and business. When businesses are successful, the reservoirs from which taxes are paid are much larger, resulting in more money for the government even though tax rates would be lower. If we enact policies that allow American companies to bring back hundreds of billions of dollars in corporate profits to our country without punitive taxation, the upside would be considerably greater than any negative consequences. This is not complex economic theory; it’s common sense.

As the president and Congress consider enacting regulations to limit or eliminate future inversion deals, I hope they take the time to talk to a wide spectrum of business leaders about ways to create a fertile and friendly atmosphere for innovation and growth. It will require more than just talk to persuade American companies to stay or return to our shores. Instead of just talking about fixing our taxation woes, we need to just do it. And I hope grateful companies will feel an obligation to do even more to contribute to the well-being of the citizens of our nation.

Liberal War of Words? Hillary Clinton calls Obama to clarify Syria remarks
Michelle Malkin: The K Street President
  • http://www.TacticalSue.com Suzanne Ponsano

    This is a well written article. Many opponents of Dr. Carson point out that he is a doctor and not an economist, however, as you point out, “This is not complex economic theory; it’s common sense.” I have a minor in economics and can tell you that you are very spot on!

  • Jan Jones

    God bless Dr. Carson. Sometimes I think he is the only voice of reason left in America. I just don’t understand why people can’t seem to wrap their minds around simple economics. You want money? Okay, you have to earn it. Productivity is all important and by limiting that you begin America’s slow decline ( which has moved pretty fast lately) into oblivion. How are we supposed to take care of anyone without the funds? I just don’t get it…

  • Bertharina Rina


    King David had two wives, and the lord parted this association. His son, king Solomon, had many wives, names on political documents declaring
    that specific foreign nations were in alliance with specific states of Israel.
    Lets take a look at his wife, when she comes forth in support of her husband. Both essentially back each other on what they claim to be the
    truth about former relations with the LDS church. Christ never unconsciously made use of body language, in order to assure his unconscious aggression against mankind’s evil associations, in dealing with fellow beings. Looking into another’s eyes and noticing body language
    gives much evidence against two individuals that are apostates from what they formally accepted to be our Lord’s word to his earthly children.
    Primarily, we well understand that the field of psycho analysis had
    originated with with Dr. Sigmund Freud, in his historical study of a
    a skeletonized study, of ancient human reactions towards one another.
    It is readily recognized that both man and wife, as a team, uses religion as a front for releasing past political and social obligations, that
    had been legally suppressed and collectively repressed. This contemporary social engineering proclaims mob control under our so-called pseudo democracy. These two spokesmen, humanoids, are in line
    with Freud’s tools of dealing with humans. But, we must realize that Freud was a disciple of Satan. Too, that Dr. Karl Jung broke from Freud because
    Freud had a personal fixation sexual deviation. Basically, sexual proclivities is the seat of all activities of which mankind grapples with.
    In reference to the two speaking individuals is discovered a ridiculous misunderstanding, in the art of bamboozling the stupid, ignorant, and super ignorant. All in all, Christ sat up no religion. All religious movements were sat up by mankind with the least divine intervention.
    Our western world is spiritually based upon Catholicism, Protestantism,
    and Judaism. Why not attacking them. The speakers in question are self-
    promoters. The late Socrates proclaims, ” Know thy self “.
    In conclusion: these two masters of whim-some intellect suffer
    from the Personality Suppression Gravitational syndrome. These souls
    have created a conjunction leading to a heartless end of tiresome toil,
    in attempting to disarray mother nature via following passions rather than
    the law, that holds all souls in line with divine intuition.