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Respectfully, no presumption was or is intended. That taxes distort markets is a comment on their effect, not a comment on the markets. Secondly, inefficient u
by MR4D 9y ago
Respectfully, no presumption was or is intended. That taxes distort markets is a comment on their effect, not a comment on the markets.
Secondly, inefficient use of capital slows growth. Period. It's a mathematical relationship.
Finally, if companies thought taxes would only ever go up, they would leave. Look at the numerous examples of countries that have tried that. CNN (not a bastion of right-wing business freedoms) cited 47 companies that left the US because of high taxes: http://money.cnn.com/2014/07/07/news/economy/tax-advantage-inversion/ http://money.cnn.com/2014/07/07/news/economy/tax-advantage-i...