> They don't pay taxes until they sell their shares, so they just make their interests into business divisions. Interested in space exploration? Make a rocket d

> They don't pay taxes until they sell their shares, so they just make their interests into business divisions. Interested in space exploration? Make a rocket division of the company! Hire people around the world without ever paying into their education systems or infrastructure! It’s worth noting that this is intentional, at least in the U.S. The corporate tax system is specifically designed so that companies have a financial incentive to create jobs and hire people. That’s why companies pay taxes on income and not revenue. The idea is that it is better for society to run corporate revenue through employee income and then into tax revenue, than directly into tax revenue from the corporate coffers. When people have jobs and income, they are invested in a stable society. When they pay taxes, they are invested in participatory democracy. A society in which companies directly pay most tax revenue is a world in which it is even easier (than it is now) for a few corporate and political leaders to team up in paternalistic abuse of the populace. And when people own little, they have little to lose, and have no reason to prefer a stable society. History is clear on this matter. The fundamental issue today is share of income. Raising taxes does not fix that because increased taxes do not become increased income for employees. Other policy solutions need to be found that change the balance of income between owners and employees. The article cites the high income of athletes like Lebron James and Clayton Kershaw. The reason individual professional athletes make so much income is that they are part of collective bargaining agreements that reserve a certain percentage of business revenue for their salary. We’re taught to think of lazy Teamsters when we hear the word “union,” not Lebron James and Clayton Kershaw. It’s one possible solution; there may be others, like pay ratio limits, mandatory salary disclosure, or greater incentives for employee training programs.