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I agree with you that innovation "works". But whether it's through innovation or tax cuts, the result is that the business has more capital to work with. So I'm
by calderwoodra 3y ago
I agree with you that innovation "works". But whether it's through innovation or tax cuts, the result is that the business has more capital to work with. So I'm really wondering why tax cuts don't work.
- sanderjd 3y agoBecause of businesses vs individuals. Tax cuts for businesses are indeed generally beneficial (in my opinion; I know this is not an uncontroversial objective truth or anything) for this reason, but there is a far more tenuous connection between wealthy individuals having more cash and technological progress. The issue is that the lines between businesses and individuals for the purposes of taxation are fiendishly hazy.