The problem is if you don’t get the corporate and personal income taxes approximately equal is you end up with people basically running everything through a com

The problem is if you don’t get the corporate and personal income taxes approximately equal is you end up with people basically running everything through a company. The nice thing about franking credits is they work like a LLC in making corporate income tax a pass-through structure to the shareholders. At the moment US companies don’t seem to be constrained by lack of capital, more a lack of profitable investment opportunities due to weak consumer demand. I ams sure making the 0.01% richer will help solve this.