Monday, August 17, 2020

and are corporate taxes "bad"?

i don't really care about maximizing accumulation. that's not a big part of my calculation, here. they may be less efficient and create waste, but nobody really cares, except for shareholders. it's not really my problem.

i'm more concerned about determining who ought to be paying for taxes and the answer to that question is that what necessary taxation that does exist ought to come out of accumulation, not out of compensation for labour.

so, i'm not going to try to argue with economists that want to tell you this is inefficient. i don't care about maximizing efficiency in accumulation, but i do think that accumulation ought to be restricted and redistributed.

so, i would propose a system where...i'm not going to make up numbers...but almost all revenue should be coming in from taxation on corporate accumulation, and the rest should be coming from the very rich.