You are right, I did over-simplify quite a bit. But the basic principle holds -- I've long felt that limited companies should be taxed higher than wages, precis

You are right, I did over-simplify quite a bit. But the basic principle holds -- I've long felt that limited companies should be taxed higher than wages, precisely because there is risk taken out and accepted by society, so society should benefit (I realize that's overly short / simplistic)