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The tax code is totally corporate dictated and to their interests - the huge bias against self employment is evident of that, whereas in a more competent econom
by zanny 7y ago
The tax code is totally corporate dictated and to their interests - the huge bias against self employment is evident of that, whereas in a more competent economy policymakers would acknowledge the strong growth potential of incentivizing small business creation.
- Digory 7y agoThis was policy makers dictating to corporations, not the other way. It was a product of (1) intense focus on wage freezes during the labor shortage of World War II, and (2) the growth of unions, which focused on winning concessions from management, not government.[0] I agree it's a terrible policy. Corporate management now accepts and exploits it. But it was not a decision by 'capital' to spite labor or self-employment. It is the consequence of 'progressive' tax, regulation and labor policy. [0]http://www.taxhistory.org/thp/readings.nsf/ArtWeb/67493CA6B837EDF285257B160048DD49?OpenDocument http://www.taxhistory.org/thp/readings.nsf/ArtWeb/67493CA6B8...