"Socking Stocks" by Jim Powell (Cato Institute: Commentary)

"Socking Stocks" by Jim Powell (Cato Institute: Commentary): "Ironically, Obama's increased corporate taxes would probably lead more Americans to seek higher returns by investing in offshore-based companies. The Commerce Department's Bureau of Economic Analysis says US investors hold some $5.1 trillion worth of stock in offshore-based companies. These assets have appreciated as foreign currencies have risen against the dollar, and many Americans have invested in them as a means to diversify and protect themselves from dollar devaluation."

"Corporations don't really pay taxes anyway. Like other costs of doing business, they pass them on to consumers."