Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (27152)	1/8/2003 6:37:01 PM
From: Raymond Duray	Read Replies (1) of 74559

Moominoid, Thanks for expressing an opinion. I would most likely be in a completely opposite camp and suggest that the corporate tax code is a joke of monumental proportions in this country and it ought to be rationalized by a huge reduction in complexity of the loophole mechanism that makes it so unfair. To my mind, it is unconscionable that corporations like CSX, which has recently been in the news with its former chairman John Snow moving to Treasury, should have been able to earn $900 million in the last four years and been able to secure a huge tax credit instead of paying taxes. There is something about this that seems essentially unfair. If you think you can make a case that corporate taxes ought to be phased out, I'd love to hear how you propose to pay for all the community provided infrastructure that makes corporate profit possible in the first place. Eliminating corporate tax sounds to me like yet another method of shifting the burden of maintaining society infrastructure from the rich to the poor. Classic class warfare. Are you a soldier in this war against the people? -Ray

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