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What would be a sensible, simplified tax code even look like? The GOP plan looks disastrous. I'd like us to take a look around the world and see which types of
by warfangle 14y ago
What would be a sensible, simplified tax code even look like? The GOP plan looks disastrous. I'd like us to take a look around the world and see which types of tax codes seem to foster the best business atmosphere.
I recall reading somewhere (no time to find a source, unfortunately - waiting for a train) that the biggest predictor of economic success is not tax policy, but effective application of law instead of arbitrary application of law (lookin' at you here, SEC).
- lincolnq 14y agoThe "application of law > tax policy" seems like a true observation but may not be causal (just look at the massive amounts of corruption in India... and, come to think of it, pretty much every developing country) That said, I suspect that it is causal on the macro scale. Corruption is rampant in those countries and it turns entrepreneurs off because it's too hard to get anything done without being buddy-buddy with the fat cats. America isn't anywhere near that bad -- it's kind of the opposite, where entrepreneurs fear regulation, more than they fear corruption. From what I've seen, anyway.