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+1 to eliminate corporate taxes entirely. It's incredibly stupid to tax entities that creates jobs, products and services. Taxes only create unnecessary frictio
by qroshan 8y ago
+1 to eliminate corporate taxes entirely. It's incredibly stupid to tax entities that creates jobs, products and services. Taxes only create unnecessary friction and strange side effects.
+1 to only have taxes at the individual level. Also, make tax a quadratic function instead of step function. Step function always leads to stupid / shady behaviors around the step points.
1. People should be motivated to work and rewarded for that.
2. Corporations should be motivated to provide goods and services.
3. Luck should be normalized
- bduerst 8y agoCorporations benefit and profit from municipal services, same as people do. Should they be able to use those services for free? Kansas massively cut their corporate taxes in 2012, with the implicit promise that lowering taxes for "job creators" would pay for itself. The deficit for the state became so massive as their revenue dropped, that the state had to close education and other municipal services. [1] Kansas is now heralded as an example of how 'trickle down' economics of cutting taxes for 'makers' fails. [2] [1] https://www.forbes.com/sites/beltway/2017/06/07/the-great-kansas-tax-cut-experiment-crashes-and-burns/#2294eecd5508 https://www.forbes.com/sites/beltway/2017/06/07/the-great-ka... [2] https://www.washingtonpost.com/opinions/trickle-down-economics-is-a-nightmare-kansas-proved-it/2017/06/12/c2d7aae0-4fa6-11e7-91eb-9611861a988f_story.html?utm_term=.6f37e669ac9c https://www.washingtonpost.com/opinions/trickle-down-economi...