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I disagree. Corporate taxes are a drag on the economy, and maximizing economic performance is probably the single most effective thing we can do to improve qual
by colonCapitalDee 3y ago
I disagree. Corporate taxes are a drag on the economy, and maximizing economic performance is probably the single most effective thing we can do to improve quality of life for everyone long term.
As an example, here's self-reported life satisfaction vs GDP per capita: https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5946061-9715-449c-b70e-688d11e1931a_3400x2400.png https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_pr.... Similar graphs exist for life expectancy, years of education, calorie consumption, literacy rates, and so on.
If we want to increase government revenues we should focus on efficient taxes that minimize economic disruption.
- dbg31415 3y agoWill the wealth then “trickle down” to benefit everyone? Yeah… I think I’ve heard this argument before. https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/ https://www.washingtonpost.com/business/2020/12/23/tax-cuts-...