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Exactly! We just raise corporate taxes so high that the money collected can support unemployed masses, thus reaching the long sought after ideal of work being t
by lgieron 14y ago
Exactly! We just raise corporate taxes so high that the money collected can support unemployed masses, thus reaching the long sought after ideal of work being the option and not the necessity. Each person will have the choice to either work towards elevating his social status (via creating his own invention/company/piece of art/...) or just collect the state check.
- saosebastiao 14y agoI agree with the raising taxes part...but corporate taxes are a terrible vehicle to do so. Aside from the terrible distorted incentives that corporations face due to corporate taxation (Hey dumb shareholders....buy me this jet! Otherwise you'll just spend the money on taxes!), inference studies have shown that increases in corporate taxes disproportionately affect those at the bottom of the corporate tax structure. Since corporate earnings exist for the benefit of the shareholder, it makes far more sense to raise taxes on shareholders than on corporations. Shareholders don't get to benefit with trying to justify their personal spending as a tax deductible business cost.