This battle is part of a larger discussion of, in Henry Manne’s phrase, “the market for corporate control.
——I’m willing to hear the argument that the tax code allows or incentivizes strategies that are not aimed at the long term health of a company. This aligns with a conservative viewpoint that the tax code is too complex, destroys jobs and allows the government to screw up markets.
I was apoplectic however when Gingrich seemed to be taking up the Occupy Wall Street meme that capitalism is evil and Perry parroted it. If the tax law allows this behavior should we be demonizing those who use these tools?
Trying to communicate the evil of over-leveraging may be too complex for an election. Republicans need to be focusing on jobs when we all know that there are millions who have dropped out of the labor market. And we need to be focusing on downsizing government when we know that our government has become so large it is threatening.
What have I been saying about him for years now on this forum? 80/20 all the time, at best.