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by gphil 3738 days ago
I was with you until the last sentence:

> This means tax cuts but above all simplifications of the relevant law.

How do you pay for the poorest to have tolerable lives with tax cuts? Or are you talking about cutting out regressive taxes on the working poor?

3 comments

Maybe he believes we're somewhere to the right of the peak of the Laffer curve.

There's literally no evidence whatsoever for that, but evidence isn't what causes people to advocate for tax cuts for people making "many millions of times more money" than those who aren't lucky or talented.

https://en.wikipedia.org/wiki/Laffer_curve

I meant tax cuts and simplifications for the poor. Mostly the tax cuts would come as a result of the simplifications (eg if you import something with small import duties we can just do away with them, which will make them a little more money but mostly saves them time in not having to fill the paperwork and figure out which laws they fall under).

Large companies can afford the complexity but small companies typically can't. More importantly a neighborhood printshop isn't a complex business (it doesn't, for example, have overseas income on intellectual property taxes).

> Large companies can afford the complexity but small companies typically can't.

I love the idealism, but that's not how it works. Small or large, you will hire a company that specializes in customs to handle all the paperwork for you. It's about as complex as paying a bill for a small business.

The same applies to accounting, taxes, legal issues, etc. all businesses outsource this work to specialists.

The problem is that all facets of business have become so complex and specialized that you now need a specialist for everything. This isn't a burden on the business, since all businesses have to pay it and handle it in the same way.

It's a burden on the employees and consumers. They pay for all this complexity through lower salaries and higher prices.

OK, then I agree with you completely now that I understand. I concur we should incent small and family businesses.
The people have spoken, and with one voice they have demanded increased government spending and lower taxes.

It's a quote, but I forget where from.