Since our current system uses taxes from both employees and companies, it should be obvious that taxing employees alone doesn't cover our bills. Wages by thems

Since our current system uses taxes from both employees and companies, it should be obvious that taxing employees alone doesn't cover our bills. Wages by themselves are not beneficial because cities and countries require money to build/maintain public works. The history of cities giving tax breaks to attract business and that resulting in a net positive outcome for the city is very very slim. See eg any economist (except those paid for by sports teams) that's covered this.