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by kogus
1862 days ago
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User jdasdf already responded with an excellent resource on the economic arguments. I can add this link as well, which you may find interesting: https://www.europeanceo.com/finance/zero-corporation-tax-the... In short, corporate taxes are going to be passed on the shareholders or consumers. So just tax them instead. Why is that better? For one thing, those individuals get to vote, so they can object in a legitimate way if they feel the taxes are unjust. For another, it removes a vehicle for government mismanagement and corruption. As for your last sentence: So there is a corrupt system, and the only solution is to just destroy it? I don't get it.
I'd prefer to think about systems on a spectrum of their vulnerability to corruption, and what mitigations to corruption are feasible. In the current framework of regulation and taxation, we have a situation where corporations are, on paper, liable for huge tax burdens, and politicians can choose to lighten that load at their discretion. That's a recipe for extreme favoritism and corruption, especially when you consider most of these decisions are made at a local or state level, where media scrutiny and public awareness is especially weak.In this case, in my opinion, the best answer is to take the sharp-edged toys away from the children, by which I mean eliminate the possibility of corporate taxes (and therefore favoritism) in favor of more direct and fair taxation on the individuals who end up paying them anyway. |
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