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by rcoveson 1206 days ago
The idea that we should "seek out those other forms" is a huge retreat from the statement:

> I'm fine with companies making a profit (I think). But I want them taxed in a way that removes their control over the bulk of these resource allocation decisions.

Do you think we should increase corporate taxes to "the bulk of" a company's resources (implying, at a minimum, more than half)?

Or are you just frustrated by this instance of what seems like obvious waste, but on further consideration still admit that leaving the bulk of resource allocation decisions to the market is the best idea we collectively have?

1 comments

I think that we should tax away the majority of corporate profit (modulo, of course, legally sanctioned re-investment).

And no, I do not think that leaving the bulk of resource allocation decisions to the market is the best idea we collectively have. The market works fine for some resource allocation, but it has very disturbing failures with quite a number of things that are central to a happy, free life. I do believe that market pricing is a valuable strategy in running a contemporary economy, but the level of trust and responsibility we place in it has, IMO, gotten completely out of control.