Biden finally managed to do something: he convinced much of the world to sign onto a 15% minimum corporate tax.
The purpose is to allow Democrats to raise taxes on U.S. corporations without fear that they will bolt for friendlier havens.
I'm not sure that will keep companies from leaving, if the tax hike is high enough; and the major challenge to the U.S. economy is not that corporations aren't paying their "fair share," as Biden likes to say (though he himself avoided $500,000 in taxes by filing as an S-corp rather than an individual), but rather that we are killing our own economic potential with red-green statist policies.
Moreover, Congress will have to raise current U.S. taxes on corporate profits abroad from 10.5% to 15% to comply with the new international agreement.
Regardless, this is a diplomatic achievement for the Biden administration, however dubious. Biden (and Treasury secretary Janet Yellen) set a policy and pursued it, bringing the rest of the world along. Some of the work had been done by previous (Democratic) administrations, but he still gets the credit.
So... well done? I like the idea of 15% taxes: it should not just be a minimum, but a maximum. We should set a 15% flat tax and get rid of most of the IRS. We might raise more revenue; we'd certainly have more economic growth. And we'd have a broader tax base: more Americans would take an interest in how tax dollars are spent (or misspent), and politicians would not be able to get away with profligate spending quite as easily as they do, and expect to keep doing.
My wife, who is an economist, points out that it does not matter how many countries signed onto the 15% minimum tax: all you need is one to offer less, and corporations will go there.
This is the portion that all journalists should love: the Torah tells the story of the 12 spies, only two of whom tell the truth when the other ten shade it in a negative away (perhaps to suit a political agenda that is opposed to Moses).
It's not that the ten "lying" spies misconstrue the facts about the Land of Israel; rather, they interject their opinions that the land is impossible to conquer, which strikes unnecessary terror into the hearts of the people.
We have many examples of such fake news today -- from the Iranian propaganda outlets spreading false claims that they are winning the war, to California politicians spreading false horror stories about ICE raids in L.A.
The people realize, too late, that they have been fooled, and once they are condemned to die in the desert, they try to rush into Israel -- only to be defeated by the inhabitants, as the spies predicted that they would be.
But as consolation, God gives the people new commandments -- focused on things they must ...
This week's portion discusses the procedure for lighting the menorah, the holy seven-branched lamp, in the Tabernacle (and later the Temple). It also describes an episode where the people crave meat, and God punishes them by giving it to them in excess. We also read the story of Miriam, Moses's sister, who is punished with the spiritual skin blemish of tzara'at for speaking about her brother, thus violating the prohibition against lashon hara (evil tongue).
I heard a fantastic sermon this week about the lighting of the menorah: that while only the priests were qualified to clean and purify the menorah, anyone could light it. A reminder that each of us can inspire others along the way.
This week we study the vow of the Nazirite; a reminder that sometimes trying to be too holy is excessive, and the best we can do is to be the best that we are.
https://www.chabad.org/parshah/torahreading_cdo/aid/2495720/p/complete/jewish/Naso-Torah-Reading.htm
