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Who are the consumers? We are. Who are the workers? We are. Who are the shareholders? We are. No matter which role you allocate the cost of the tax to, in th
by nybble41 7y ago
Who are the consumers? We are.
Who are the workers? We are.
Who are the shareholders? We are.
No matter which role you allocate the cost of the tax to, in the end it's us who are paying the bill. Even if you're one of those rare individuals without investments of your own, you still benefit from them. Punishing the shareholders who provide the capital to produce goods more efficiently isn't going to make the goods you consume any cheaper.
- evgen 7y agoWho reaps the benefits of government investment into public infrastructure and the common good that these taxes make possible? We do. In fact, since there are many consumers of US products (and shareholders in US companies) who are not resident or citizens of the US then it seems we win more if we raise those corporate taxes. If the shareholder's don't like this deal I suggest they sell.
- nybble41 7y agoThe "benefit" of having government decide how to invest that money, as opposed to those who earned it, is strictly negative. All other considerations aside, the moral cost of endorsing the use of force in this manner outweighs any possible material benefit. Using corporate taxes to shift the burden onto foreigners, as you've suggested, is at best a short-term tactic. The other countries would just enact reciprocal policies and we'd be back where we started, except with less international trade and poorer diplomatic relations. Isolationism is not a recipe for domestic economic bliss.