3 ms·
"depreciation is certainly a subsidy to capital" Only if you twist the meaning of "subsidy" to mean "any level of taxation less than 100%". Which may be what yo
by alvah 4y ago
"depreciation is certainly a subsidy to capital"
Only if you twist the meaning of "subsidy" to mean "any level of taxation less than 100%". Which may be what you mean, but (correctly IMO) isn't generally a popular POV.
- clairity 4y agoit's a carveout and preferential treatment of (certain kinds of) capital. that's a subsidy, no matter the mechanism of return.