We’re going to hear Obama’s grand new corporate tax plan in the next few days.  Apparently he’s going to call for a reduction in corporate tax rates.  But there’s a catch here.  The corporations eligible for the tax break will be narrowly defined.  They will be corporations who opt for higher domestic labor costs; corporations that forego sound business practices for the sake of satisfying political demands.  As for corporations who dare to operate and earn money overseas?  These corporations will be hit with higher taxes on earnings … even though those earnings remain overseas to work in more favorable business environments. 

So now I’m going to set myself for another “I told you so.”  As soon as Obama is sworn in for another four years, he will set his sight on high-achievers who have money invested overseas.  Obama will seek a confiscatory tax on all overseas investment earnings of Americans, whether those earnings are brought back to this country or not.  To put it simply .. he will begin construction of an economic Berlin Wall .. a wall designed to prevent private earnings and wealth from escaping the Obama taxation and income redistribution policies.