3 ms·
Corporate taxes are a hacky workaround for the game-able system of individual income taxes (specifically game-able at the rich level via things like real estate
by medvezhenok 3y ago
Corporate taxes are a hacky workaround for the game-able system of individual income taxes (specifically game-able at the rich level via things like real estate depreciation, art valuation, etc). And also game-able via the buy-borrow-die strategy.
We want to slow down the natural growth of inequality - it grows because the economies of scale that are available today lead to many natural monopolies which were not possible in the past, and because people closer to the source of money get more than others via the Cantillon Effect - not because of anything special that they did per se.