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And they usually pay royalties on said resources? Pay for rights to said resources? Trust me, we learned a long time ago how to extract $$$ for said resources.

by maratd 10y ago

alkonaut 10y ago
By resources you mean financial systems, roads and other infrastructure, legal systems, access to educated workers, being defended by an army...? I could accept a company making profit and paying no taxes if they didn't have offices, staff, use roads or electricity etc. It would be pretty hard to do anything as a company "outside" the framework of a society.
- maratd 10y ago
  I was responding directly to the comment about natural resources. Your comment is entirely unrelated to what I said.
  - alkonaut 10y ago
    I noticed the discussion on natural resources so I just wanted to point out the obvious - that corporations exist within a society and use a multitude of important "resources" to function at all. That's why it's pretty natural to have corporate taxes too.
    - maratd 10y ago
      > I noticed the discussion on natural resources so I just wanted to point out the obvious While what you said is certainly obvious, it had nothing to do with what I said. > That's why it's pretty natural to have corporate taxes too. It is absolutely idiotic to have corporate taxes. Corporations are nothing more than proxies for the shareholders. All profits are passed to the shareholders. Once they are, those shareholders then have to pay taxes on those profits. You end up with double taxation. In recognition of this, we create something called a capital gains tax, which is less than the normal tax rate ... and then tax corporations to compensate for that. Nice. You end up with a situation where most of the taxes the corporations pay end up being passed to the consumer and the rich get a tax break. Is that what you support? Get rid of capital gains, tax all income at the same level, and get rid of the corporate tax.
      - alkonaut 10y ago
        I'm sure there are structures where corporate tax is 0 and dividends are taxed at the same rate as any other income. That is a reasonable structure. If one wants a cap gains tax that equates to the double taxation then cap gains would be higher than income tax. Could also be reasonable.
  - bpicolo 10y ago
    How do you think we make roads, energy?
    - maratd 10y ago
      With natural resources. Which have royalties, permit fees, etc. Read what I wrote again.

And they usually pay royalties on said resources? Pay for rights to said resources? Trust me, we learned a long time ago how to extract $$$ for said resources.

by maratd 10y ago

And they usually pay royalties on said resources? Pay for rights to said resources? Trust me, we learned a long time ago how to extract $$$ for said resources.

alkonaut 10y ago

By resources you mean financial systems, roads and other infrastructure, legal systems, access to educated workers, being defended by an army...? I could accept a company making profit and paying no taxes if they didn't have offices, staff, use roads or electricity etc. It would be pretty hard to do anything as a company "outside" the framework of a society.

maratd 10y ago
I was responding directly to the comment about natural resources. Your comment is entirely unrelated to what I said.
- alkonaut 10y ago
  I noticed the discussion on natural resources so I just wanted to point out the obvious - that corporations exist within a society and use a multitude of important "resources" to function at all. That's why it's pretty natural to have corporate taxes too.
  - maratd 10y ago
    > I noticed the discussion on natural resources so I just wanted to point out the obvious While what you said is certainly obvious, it had nothing to do with what I said. > That's why it's pretty natural to have corporate taxes too. It is absolutely idiotic to have corporate taxes. Corporations are nothing more than proxies for the shareholders. All profits are passed to the shareholders. Once they are, those shareholders then have to pay taxes on those profits. You end up with double taxation. In recognition of this, we create something called a capital gains tax, which is less than the normal tax rate ... and then tax corporations to compensate for that. Nice. You end up with a situation where most of the taxes the corporations pay end up being passed to the consumer and the rich get a tax break. Is that what you support? Get rid of capital gains, tax all income at the same level, and get rid of the corporate tax.
    - alkonaut 10y ago
      I'm sure there are structures where corporate tax is 0 and dividends are taxed at the same rate as any other income. That is a reasonable structure. If one wants a cap gains tax that equates to the double taxation then cap gains would be higher than income tax. Could also be reasonable.
- bpicolo 10y ago
  How do you think we make roads, energy?
  - maratd 10y ago
    With natural resources. Which have royalties, permit fees, etc. Read what I wrote again.