> If you abolish corporate taxation, (rich) people will just use them to avoid taxes. That's already a loophole, or it would be, except the tax code has alread

> If you abolish corporate taxation, (rich) people will just use them to avoid taxes. That's already a loophole, or it would be, except the tax code has already closed it. You're about 40 years too late. > Company car? Check. Already taxed, heavily. The whole "just hide your income in a company" gambit doesn't work. Corporations are already taxed much lower than the top marginal rate of income, so people already want to do this. > Money sitting on a bank ledger can't do nearly as much as money in a venture capital fund. The whole point of a "bank" as a concept is that they solve this issue through maturity transformation. Your money doesn't just sit on a bank ledger; it gets lent out to do things such as, yes, invest in venture capital funds.