12-08-2010, 04:00 PM
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#3588
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Random Syndicate (admin)
Join Date: Mar 2003
Location: Romantically enfranchised
Posts: 14,281
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What do ya'll think?
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On a more realistic but still Blanchardesque level, however, I continue to think that there actually ought to be a makeable deal to eliminate the corporate income tax and replace it with, say, a carbon tax. The corporate income tax, after all, is an absolute sink of inefficiency and corruption, every congressman's favorite playground for paying off campaign donors and rewarding favored industry groups. And reforming it won't work: we did that in 1986 and it took little more than a decade to degenerate back to its usual foul state. So why not just get rid of it? Corporations would love it, Republicans would love it, it would put lots of tax lawyers out of work, and replacing it with a carbon tax would be great for the planet. What's not to like? There are lots of enforcement details that would have to be worked out, but nothing insurmountable. This honestly seems like something that should be doable.
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--Kevin Drum
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"In the olden days before the internet, you'd take this sort of person for a ride out into the woods and shoot them, as Darwin intended, before he could spawn."--Will the Vampire People Leave the Lobby? pg 79
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