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Letter: Headquarters move augurs decline

Burger King is buying Canadian coffee-and-doughnut chain Tim

Burger King is buying Canadian coffee-and-doughnut chain Tim Hortons Inc., and the corporate headquarters of the new company will be in Canada, a move that may help Burger King lower its taxes. This sign is in Washington, D.C., on Aug. 25, 2014. Credit: AFP / Getty Images / Mandel Ngan

Referring to your editorial of Aug. 27, I think tax inversion is letting the ideals of capitalism go too far ["Don't blame Burger King for ducking U.S. taxes"].

If we continue on this path, while it is not illegal, inversion will allow corporations and the wealthy to send more business overseas. In that case, as always, the middle class will foot the bill, as it has already done with bank failures and the recession of 2008.

When finally there is not enough to sustain our culture and lifestyle, we will head toward dreaded Third World status. Keep moving all that wealth overseas and see where we stand in 25 years.

Greed is the true nemesis of the United States.

Dorothy A. Jentz, Carle Place
 

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