Wake up, Mr. Yellin.  It's a global economy; money and people flow in and out of countries, regions, and tax jurisdictions.  Tax the crap out of people, and the smartest & most skilled leave for better climes.  I'm certainly going encourage my kid to work abroad once his studies are complete.  If corporations are not taxed at rates competitive with other countries, they relocate elsewhere, and there go ALL the tax revenues, not to mention jobs and personal income tax revenue.  Tax inequality is why Apple currently has $240 BILLION in cash outside of the U.S., and why the U.S. is now considering major tax reform.