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That incentivizes the creation of vertically-integrated conglomerates over small companies, in order to reduce the number of transactions; is that what you wan

That incentivizes the creation of vertically-integrated conglomerates over small companies, in order to reduce the number of transactions; is that what you want to foster?

ttoinou 8y ago
You need to take into account all the simplification it would imply in tax collection / paperwork / regulations etc. The cost of our current ways of taxing wealth and profits is huge
- JimmyAustin 8y ago
  In the US, the IRS collected $3.33 trillion in revenue in 2018, with a total budget of 11.5 billion (2017). Thats 0.3453%, or 35c per $100 of tax revenue. Fairly minor in the scheme of things.
  - ttoinou 8y ago
    Monetary costs are a small subset of general costs (and the cheapest ones, easier to know and aggregate).
  - jpadkins 8y ago
    that's only one side of the ledger (collection). Now calculate the costs to the taxpayers (people and corps).