Voluntarist
Member
- Joined
- Sep 10, 2011
- Messages
- 3,834
xxxxx
Last edited:
Brand seems like a brilliant guy. Unfortunately, like the OWS crowd and most folks on the alternative left, he's great at honing in on all that's wrong and correctly identifying many of our problems, but terrible at prescribing sustainable and moral policy solutions to those ills. When he comes to the point of disabusing himself of the idea that "greedy corporations" need to be taxed more, and when he embraces non-aggression as a universal axiom, I'll take him a lot more seriously.
guys an idiot
Russell who?
Russell Brand May Have Started a Revolution Last Night
I hate pointing to Wiki, but it's the fastest route - see here.
Employee wages, bonuses and incentives are considered business expenses and deducted from the profit. After taxes are taken out of the profits, much of the remainder is passed along as dividends to the stockholders, and which are then then taxed on each stockholders individual tax filing as investment income. Effectively, the dividends that reach the stockholder are taxed twice by each federal/state/city taxing authority (once at the corporate level and once at the stockholder level).
When you take federal, state and local corporate income taxes into account - the United States has the highest corporate income tax in the world (though there are so many loopholes that some companies pay no tax at all).
What we really need is for the corporations to get out of the states business.
Ban lobbying
Ban corporate donations. The stockholders already have a vote, they shouldn't be able to buy another vote.
Get rid of corporate personjood.
Do those three things and most of the problems in this country would fix themselves.
-t
Huh? How does a corporation pay tax? It is taken from the pockets of their employees, stakeholders and consumers. If they don't pass it along, they go out of business.
Actually, when you get right down to it, corporations pay for nothing.....ever. Their customers pay for it all.![]()
Not true. I refer you to Rothbard's discussion of taxation and "tax shifting" in the "Power & Market" epilogue to Man, Economy and State.