| ▲ | vlovich123 33 minutes ago | |
> Tax the Walton family, or the highest earning employees directly, and you get to have your cake and it too since you get similar amounts of tax revenue without damaging the economy nearly as much They do get taxed same as everyone else, more even. What’s not taxed though is the stocks which never get materialized into cash and grow in value because of the low corporate tax rate that makes them more profitable. > But the reality is that when you tax corporations, that is one of the most economically damaging taxes you can do That’s a rhetorical jump you made. Corporations benefit from the government creating order and structure just like everyone else. They have a legal system they can use to settle disputes and protect themselves. They have solid roadway networks that help their employees get to work and to transport their goods. They get a military that protects their goods in transit to/from foreign lands. They get a police force that ensures that people don’t destroy their property. It’s only damaging if the value provided to all corporations is less than the tax rate is, but claiming any tax is damaging is laughable on its face. And that’s ignoring all the other kinds of non-monetary value the government grants corporations (eminent domain, water rights, suppression of various regulations, etc) | ||