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by mikepurvis
1854 days ago
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I don't think it's workable because it creates all the wrong incentives around hiring: - Foreign workers will be even more competitive than they are today relative to domestic (because they won't have to be compensated for the additional income tax burden). - Capital expenditures, automation, etc will all be more competitive vs. hiring workers. - Companies look for even more non-worker ways to spend cash, such as increasing their political power via lobbying. Maybe none of this is bad long term, or it all comes out in the wash eventually, but trying to sell this in the short term sounds like political suicide to me— I don't think the purported benefits of 0% tax on corps is even remotely worth it. Corporations benefit from government services; they can pay taxes directly on the value they generate. |
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