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by consumer451 361 days ago
West Germany used huge (60%) corporate tax rates in the near post-war period to force companies to invest into their R&D and CAPEX, which helped Germany rebuild their industrial base much faster than other countries.

If the goal of the USA is to force companies to re-shore, wouldn't this be a better way [0] to proceed than inflating the costs of many goods for the consumer? Large corporations appear to have record cash on hand in recent decades, where as consumers hold record debt.

[0] By better, I mean more much likely to achieve the stated goal.