Earlier quoted context omitted.
Ireland can't lower it's taxes to the point of unprofitability, so it will lower it's taxes until revenues raised == cost of services + small margin. That's a good thing. Don't complain that others provide the same service at lower cost, try to innovate and outcompete them.
Well Bush II lowered taxes to the point of unprofitability (I assume you are speaking from a national governmental view). Governments engage in deficit spending and some foolishly lowers taxes at the behest of its monied interests. You appear to assign to the government of Ireland some sort of rationality and ignore things like regulatory capture and corruption. Your belief that a government will only lower until "re…
I fully agree that the losses from the War on Iraqis/SS/medicare/etc don't outweigh the profits made by taxing Apple/etc and providing them with a few cheap services (corporate registration, enforcement of contracts, etc). That's a separate issue.
Regulatory competition helps - if the profitable people/businesses flee from corruption/inefficiency, then those wasteful programs will eventually run out of money.
The existence of corruption and regulatory capture is all the more reason to have regulatory competition. If California is captured by corrupt special interests (e.g., prison guard unions), corporations can purchase corporate registration and contract enforcement from states which offer a better value.