Various nations around Europe and Asia are looking at ways to add to the tax burden on multinational technology companies doing business in those nations.
Bruno Le Maire, French Minister of the Economy and Finance, rationalized the movement this way:
It is a question of fairness.
Leave it to a European politician to not understand the concept.
No. Fairness is cutting taxes, not raising them, thereby leaving more of the citizens’ money in their hands.
Fairness is cutting spending. This would greatly reduce Government’s crowding out pressures against citizens’ businesses through competition for “customers.” This also would greatly reduce Government’s competition for inputs to production, competition which drives up the cost of those inputs to private businesses.
Fairness is cutting spending especially to be less than tax revenue, reducing the need for Government borrowing and its twin outcomes: driving up the cost of money for private businesses and increasing the likelihood of future tax increases for both the citizens and their private businesses.
And this is the Europe our very own Progressive-Democrats want us to emulate.