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You can that say about any tax. The most economically efficient tax system is one where workers are taxed the least, and the profiting companies the most. Indiv
by devwastaken 5y ago
You can that say about any tax. The most economically efficient tax system is one where workers are taxed the least, and the profiting companies the most. Individual taxes are what stifle business, because we cannot afford to even take the risk to start small. Therefore we cannot dedicate full time to a business venture and we lose.
These massive companies use the most public resources and hardly contribute back. An entity has to exist to enforce they do, which are taxes. Massive companies like Microsoft are not stifled, they do that themselves through significant mismanagement and bullying of the market.
- missedthecue 5y ago"The most economically efficient tax system is one where workers are taxed the least, and the profiting companies the most." Hmm. I don't think this is true. According to the article below, you can see that economists on the right and left favor a complete elimination of the corporate income tax. In fact, the article points out that it's one of the few areas of overlapping agreement! https://www.npr.org/sections/money/2012/07/19/157047211/six-policies-economists-love-and-politicians-hate https://www.npr.org/sections/money/2012/07/19/157047211/six-... It's no wonder that in progress Europe, corporate taxes are low and income+consumption taxes on the middle class are very high.
- WastingMyTime89 5y agoAmerican economists are pretty much all on the right, as are virtually all American when it comes to economy. From a European point of view, the USA has no major party economically on the left. You can chose between center right and right bordering on far right.