kalm wrote: ↑Fri Apr 16, 2021 8:15 am
GannonFan wrote: ↑Fri Apr 16, 2021 7:57 am
Probably should've paid more attention to the free trade advocates and stopped vilifying corporations and raising the corporate tax so much higher than other nations.
Yeah...let’s allow the corporations to write our trade policy. It’s worked out so well...
See, there you go, keep up the vilification. No hyperbole there.
This idea that "corporations" are the enemy gets us nowhere - tax-wise, policy-wise, etc. They are what they are, a collection of people producing some good or service that is sold to other people. We've seen what trying to single them out for higher tax rates do, it chases them to other, more tax friendly locales. They will always have a much bigger, and much better army of accountants than the government ever will. So take them out of the equation. Keep the corporate taxes low, instead tax the people themselves, and especially tax the higher income folks more, and make sure they can't hide compensation as something other than income. We do make a heckuva lotta stuff here in the States even in the weird environment we're in now, take out the game of cat and mouse with companies shopping for which locales have the best tax rate, and it'll be even better.