Tangentially - if there&#x27;s no tax rate competition which seems to be the desired goal of many, there&#x27;s nothing to stop politicians continuing to bribe their electorate with bread and circuses paid for by that electorate&#x27;s  money. The gigantic debt mountains in the US and the EU demonstrate the degree to which they do that. And when it&#x27;s all over, out of office, out of responsibility! Companies have of course to keep prudent accounts or go out of business.