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> these coordination problems can be solved If you focus too much on _punishing_ the companies rather than solving real problems such as government finance, yo

> these coordination problems can be solved If you focus too much on _punishing_ the companies rather than solving real problems such as government finance, you'll end up with ridiculous ideas like this. If I'm running a country and every other country in the world is taxing someone at 15% and i currently get $0, why shouldn't I offer to tax them at 10% if they moved their business to my shores? I get something instead of nothing plus other sources of taxation _because_ they're in my shore. AND even if that weren't the case, I as the sovereign, get to decide how much the tax should be. Not a bunch of edicts from people who can't run their own finances properly.

imtringued 5y ago
>If I'm running a country and every other country in the world is taxing someone at 15% and i currently get $0, why shouldn't I offer to tax them at 10% if they moved their business to my shores? I get something instead of nothing plus other sources of taxation _because_ they're in my shore. Are you sure, what about a potential competing country that reduces taxes to 9%? The paradox of competition states that you will get none of the benefits of increased competition in a zero sum game like this. Taxes will be cut to 0%. So you can now either get rid of corporate taxes entirely or form a global consensus. The former is preferable but it would require land value taxes which are an even bigger threat to the rich than corporate taxes which are just a formality that is easily avoided. > Not a bunch of edicts from people who can't run their own finances properly. It is mathematically impossible to run government finances properly. Why do you think, does the US have a structural deficit?
- mohanmcgeek 5y ago
  > what about a potential competing country that reduces taxes to 9%? If a country can manage its finances just fine while taxing corporations at 9%, what about them? > Taxes will be cut to 0%. As unrealistic as it sounds, this is bad exactly how? > It is mathematically impossible to run government finances properly. Why do you think, does the US have a structural deficit? No point in arguing with you then.

imtringued 5y ago

>If I'm running a country and every other country in the world is taxing someone at 15% and i currently get $0, why shouldn't I offer to tax them at 10% if they moved their business to my shores? I get something instead of nothing plus other sources of taxation _because_ they're in my shore. Are you sure, what about a potential competing country that reduces taxes to 9%? The paradox of competition states that you will get none of the benefits of increased competition in a zero sum game like this. Taxes will be cut to 0%. So you can now either get rid of corporate taxes entirely or form a global consensus. The former is preferable but it would require land value taxes which are an even bigger threat to the rich than corporate taxes which are just a formality that is easily avoided. > Not a bunch of edicts from people who can't run their own finances properly. It is mathematically impossible to run government finances properly. Why do you think, does the US have a structural deficit?

mohanmcgeek 5y ago
> what about a potential competing country that reduces taxes to 9%? If a country can manage its finances just fine while taxing corporations at 9%, what about them? > Taxes will be cut to 0%. As unrealistic as it sounds, this is bad exactly how? > It is mathematically impossible to run government finances properly. Why do you think, does the US have a structural deficit? No point in arguing with you then.