View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Smith who wrote (136831)	4/17/2010 7:55:09 PM
From: Lane3	Read Replies (1) of 543564

Well, if it does not make a difference, why is it done? We have to get tax revenues from somewhere. It's more politically palatable to get them from big, bad corporations than from people, who vote. It feels better to have low tax rates while paying higher prices for products from corporations that have been taxed. Voters react from their guts, not with their brains. Populism at work. That's over-simplified, of course. There are also specific corporate taxes intended to engineer the economy. But by and large, it's because voters wouldn't tolerate the higher individual tax rates, even if it could be shown that they would be better off on net. Taxing the deep pockets is instinctive, just like taxing rich individuals. Suggest cutting corporate tax rates and you get a populist backlash, guaranteed. Plus the government loses some ability to micromanage industry. The key seems to be defining WHY corporations pay taxes IF they are not really separate entities with any rights. I don't think it has anything to do with rights. It's simple pragmatism.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next