| | | Fuk they are. You government types are all the same. Invent a crazy scenario.
My, that's constructive. What does "government types" have to do with anything? We're talking basic economics here. And what "crazy scenario"? Do you mean my notion of eliminating the corporate income tax in favor of personal income tax, which lowers prices for everyone while increasing the income tax burden on those who are well enough off to pay income tax (i.e. rich people) while sparing the bottom "48%" (i.e. low end Walmart consumers)? If so, just what is crazy about it?
You're being the reverse Robin Hood, taking from the poor and giving to the rich.
It's the epitome of simplism, not to mention illogical, to look at eliminating the corporate income tax as a matter of taking from the rich and giving to the poor (even assuming that would be the wise and moral thing to do). Corporations are not the same as rich people. They are complex entities/organizations that may, among myriad other things, employ some rich people, sell to some rich people, buy from some rich people, and send dividends to some rich people but they are not rich people. Corporations also subsume and engage with non-rich people in intricate ways. It is neither apt nor useful to conflate corporations and rich people. Having a resentment of rich people I could understand. But transference of that to corporations and then forming a political agenda based on the error leads to bad policy.
Corporations, like rich people, do have a lot of heft, which they do exert in their favor given half a chance. Like with rich people, you might want to take them down a peg. But doing so by refusing to look at the beauty of eliminating the corporate income tax is cutting off your nose to spite your face. Eliminating the corporate income tax is win/win big time. The only losers are the armies of tax professionals that would be out of a job and the rich people whose income taxes go up more than they benefit from lower prices given that they buy disproportionately less stuff. The biggest winners are those low end Walmart consumers.
If you take a simplistic approach and just hate corporations so want to so them continue to be punished with taxes, you are blindly reacting on gut rather than analyzing the situation.
Bottom line, you defund on one end and you increase cost/lliability on the other end. Federal taxes flow back to states/municipalities, and without that flow money still has to be spent.
I have no idea what you are talking about. Perhaps you could explain it. Your rant offers no further insight into the rationale for your position, if indeed there is one. |
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