| What is "its fair share"? How is it determined? What if there are advantages to the economy to getting rid of corporate taxation? Would the common good, or alleged "fairness", prevail in the determination of policy? What if increasing the net tax burden produced a recession? Would it be worth it? How important are corporate taxes as revenue sources? If the overall economy grew by a couple more percentage points annually due to its elimination, wouldn't there be a net gain in revenue? Conversely, if the economy became more sluggish as a result of increasing the effective tax burden, wouldn't there be a net loss? What about the expenditure side: if the economy flourishes under the tax abatement scenario, there are fewer costs to government, for example, in welfare and unemployment insurance. On the other hand, if it languishes, there are increased costs. Do we even know what the long- term effects might be, or is it speculative? Ah well, we do not really discuss policy in these parts, do we? |
