The ‘stated’ idea is that Biden is working with countries around the world to have the entire world raise the corporate tax rate. If that were possible, though I wouldn’t want the money going to the government, you could argue some merits for it. The main problem is that it’s not going to happen though. It’d just be us raising it and people outsourcing. As if China and other countries are going to turn down the opportunity to continue taking all the business out there.

This reminds me of Obamacare. Although I’d prefer all healthcare being private and removing nearly all regulations to bring prices down because that’d work, you could argue the merits of healthcare being entirely run within boundaries to keep things fair and affordable because in many cases it’s not a normal free market situation. Then he passes a bunch of bullshit and companies react as you would expect and now we have worse healthcare and we have middle class people paying more for degenerates and having to pay more for themselves on top of that to receive inferior care.

Idea works in the abstract if all the stars align and everyone involved is a saint. What do you know, they didn’t and everyone’s a human being that responds to incentives.