Trading corporate taxes for personal wealth tax (income, capital gains, and overall wealth) — is to allow businesses to pay higher wages, invest, and hit the super wealthy personally. No one should have more than $30M — enough to own a few houses, fly first class, eat at Michelin star restaurants...
Of course, we could still tax corporations for behavioral purposes, such as polluting firms or businesses creating frivolous products and services. Also, tax financial institutions like crazy. All others are not taxed. Provide incentives to build products and services that are good for society.
Comments
- Eliminates Citizens United, PACs, and caps campaign donations
- Eliminates all lobbying except for non-profits
- Eliminates corporate profit taxes, but...
- caps executive pay with massive tax
- caps shareholder earnings
- massive taxes on capital gains
Please.