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Given that the biggest companies never pay their fair share of taxes, it'll be more difficult to point out what we dont't subsidize.
by monsieurbanana 1y ago
Given that the biggest companies never pay their fair share of taxes, it'll be more difficult to point out what we dont't subsidize.
- whimsicalism 1y agowhat is the fair share and why cannot it not just be paid on the individual side by capital gains on share holders or wage income for workers?
- carlob 1y ago> just be paid on the individual side by capital gains When you are rich enough you can just borrow using your wealth as collateral and never incur in capital gains.
- whimsicalism 1y agoagreed but imo this is orthogonal to corporate taxation and needs a mark2market solution, at minimum when an asset is used as collateral.
- charcircuit 1y agoYou will have had to pay taxes on the money you use to pay off the loan.
- whimsicalism 1y agonot if it is just another loan
- monsieurbanana 1y ago> what is the fair share Let's start by saying the amount they would pay if lobbying was what it was meant to be and not an overtly corrupt shitshow > why cannot it not just be paid on the individual side by capital gains on share holders or wage income for workers Ah right, the trickle down economics, forgot about that. I'm sure that will work out well
- whimsicalism 1y agomy comment is just a recognition that corporations are a polite fiction and all taxes are ultimately incident on individuals, the same as any economist would tell you. taxes on the rich should be higher, agreed.