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an excellent demonstration of the sort of regulation competition that should be commonplace. if states were allowed to more freely compete for business corpora
by nazgulnarsil 17y ago
an excellent demonstration of the sort of regulation competition that should be commonplace. if states were allowed to more freely compete for business corporate taxes would be driven down to a reasonable market rate.
- DenisM 17y agoWell, the states are allowed to compete on taxation policies. For example Boeing was strong-arming several states for the tax breaks around their 7e7 plane-building factory. Can you point out something to the contrary?
- nazgulnarsil 17y agoum...the fact that the vast majority of taxes are federal taxes that the states can't do anything about?
- enomar 17y agoThat is actually an interesting thing to ponder (what would happen if there were no direct federal taxes). Instead, taxes would be funneled through local or state governments, which would be responsible for contributing some amount of that to the federal government. Local governments could then tweak who, what and how much they tax in order to attract business. Policy might also become less homogeneous across cities and states because the federal government would have less money to hold over the heads of local policy makers. But maybe not...just thinking out loud here...
- nazgulnarsil 17y agoagreed. on the face of it it seems stupid that if you have to have taxes, the taxer should care where the money comes from or how it was collected from the taxee. But then you realize that it was never about the money. the government can print more money any time it wants. it is about control.