Taxes

Scandinavia Understands the Value of Low Corporate Taxes. Why Doesn't Joe Biden?

The president's proposed tax hike would fall on workers. This isn't a controversial point.

|

Scandinavia is supposed to be a democratic socialist model for America: a land of low poverty, free college, and free health care. That comes with higher taxes—but not across the board. The governments of Denmark, Sweden, and Norway all understand that relatively low corporate taxes are better for productivity, and thus better for society.

President Joe Biden disagrees. He wants to raise trillions for infrastructure spending by hiking America's corporate tax rate from 21 percent to 28 percent. Denmark and Norway, by contrast, have a 22 percent corporate tax rate, while Sweden's sits at 20.6 percent.

Indeed, the U.S.'s current corporate tax rate already puts it right in line with some of the most centralized welfare states—the very same ones that politicians like Sen. Bernie Sanders (I–Vt.) tout as an end goal.

Prior to 2017, the U.S. corporate tax rate was a stratospheric 35 percent, the highest in the developed world. That year's Tax Cuts and Jobs Act lowered corporate taxes to the current rate, which many panned as a boon for the wealthy.

It's true that corporate tax cuts likely help the rich get richer. But they also likely help the poor get richer. That is not a particularly controversial point.

"High corporate taxes divert capital away from the U.S. corporate sector and toward noncorporate uses and other countries," wrote Mihir A. Desai, the Mizuho Financial Group Professor of Finance at Harvard Business School, in a 2012 issue of the Harvard Business Review. "They therefore limit investments that would raise the productivity of American workers and would increase real wages. This is the cruel logic of a corporate tax in a global economy—that its burden falls most heavily on workers."

A research paper from the nonpartisan American Economic Association found that workers shoulder approximately 50 percent of the corporate tax burden, with the bulk of that falling on "low-skilled, young, and female employees"—in other words, the most vulnerable groups. As it pertains to Biden's hike specifically, experts estimate that between 66 to 100 percent of the strain will fall on workers.

On the campaign trail, Biden zeroed in on companies like Amazon for paying what he claimed was too little in taxes. Yet the U.S. tax code was specifically reformed over the years to incentivize investment, innovation, and growth, all things that directly impact workers' well-being. The social democrats of Scandinavia understand how that works. Why doesn't Biden?

NEXT: Joe Biden's $2 Trillion Jobs Plan Endorses 'YIMBY Grants'

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  1. Because he’s a Democrat?

    1. Oh, yeah, like republicans are any better – they are all human garbage.

      1. Oh, I don’t know about that. I have lived in several blue cities and I have the scars to prove it. I live near a red town now and they leave me alone and taxes are low. I haven’t seen a serious street crime in a decade. I had to watch the BLM riots because I was homesick.

        1. I live in a red town in a blue county in a red state. We don’t get the best of either system, but we don’t get the worst either. We had 2 stores looted about a mile north of me in the first few days of the riots (one of them was actually just some kids trying to blow up an outdoor ATM with firecrackers lol) but after that the worst of it was about a mile south a bunch of white BLM protestors tried to block a group of black teens who wanted to get to get the basketball courts instead of joining the protest (the white protesters quickly backed down when it became clear their chants weren’t winning over the basketball players)

          1. JOIN PART TIME JOB FOR USA Making money online more than 15$ just by doing simple work from home. I have received $18376 last month. Its an easy and simple job to do and its earnings are much better than regular office job and even a little child can do this and earns money. Everybody must try this job by just use the info
            on this page…..VISIT HERE

      2. They are, empirically. The only way they’re not is if, through a rather monumental feat of categorical collectivism, you equate spending $1 + $1/yr. of someone else’s money and not paying it back with spending $100 + $100/yr. of someone else’s money and not paying it back.

        Like saying a merge sort of O(n log n) efficiency isn’t any better than a bubble sort of O(n^2) efficiency because neither one of them is as efficient as a O(1) algorithm (which you don’t have).

      3. We are talking about corporate tax hikes autist? Who raises these taxes more?

        1. Republicans recently cut corporate taxes.

      4. If you are saying “neither Democrats nor Republicans are any better than each other,” I might agree with you.

        Except I would never agree with someone who (a) equated “their worldview differs from mine” to mean “they are all human garbage” or (b) decided the most intelligent way to respond to a glib statement was with “so’s your mother.”

        Intransigence and narrow-minded thinking is garbage.

      5. They’re way better. And at least republicans are human.

      6. “Oh, yeah, like republicans are any better – they are all human garbage.”

        We had a POTUS who managed to cut my taxes pretty nicely. He was an R and he was up for re-election last November.
        TDS-addled shits made sure we got this instead. Happy, TDS-addled shit?

  2. Scandinavia Understands the Value of Low Corporate Taxes. Why Doesn’t Joe Biden?

    Who voted for Joe Biden because of his understanding of Scandinavian Corporate Tax Law?

    1. Who voted for Joe Biden?

      1. Nobody. Everyone voted against Bernie, then they voted against Trump. Joe happened to be the empty vessel labeled “no socialism and no mean tweets.” Why he believes he has a mandate to vastly expand the size of the government and to accuse the governor of Texas of “neanderthal thinking” is the real mystery.

    2. Legit LOL’d, Mad.

    3. Oil production is 20% of Norway’s economy and the tax rate is NOT 22%: “All upstream petroleum activity on the Norwegian Continental Shelf (NCS) is taxable to Norway.

      Taxation is based on net income at a marginal tax rate of 78%, which comprises the ordinary 22% CIT rate and a 56% special tax. All income is subject to 22% CIT, while only income from offshore production and pipeline transportation of petroleum from the NCS (offshore tax regime) is subject to the additional 56% special tax.”

      Cherry picking data can support an argument only if someone doesn’t come along and expose the lies of omission.
      Sweden makes up for relatively low corporate tax rates by some of the world’s highest personal income taxes: “The personal dividend tax rate is 30 percent, above the OECD average of 24 percent, and the progressive individual income tax has a combined top rate of 60 percent. ” Is this what we want: lower taxes for corporations made up for by doubling personal income taxes, taxing labor to pay for lowering taxes on profits?

      1. No, we want both to have low taxes and a more limited government in nearly every sense and scope.

      2. No we want both to have lower taxes and more limited government in size and scope.

      3. Sweden makes up for relatively low corporate tax rates by some of the world’s highest personal income taxes

        The twenty-somethings who write blog posts for libertarian billionaires are particularly concerned with corporate taxes, because they’re principled.

        1. Sarc or stupidity?

      4. So the Swedish model is, go relatively easier on corporations so as not to kill the goose, but make of for it by fleecing the goslings?
        And then redistribute their income toward things like health care and education.

        Forgive me if I oversimplify.

        1. I think the Swedish (and Finnish, and Danish, and Icelandic) model is to not try to concentrate the entirety of the national tax burden on a tiny fraction of the population. In Sweden, the top marginal personal income tax “bracket” starts at about 120% of the national median income (which would be about $60k/year in the U.S.), and they take another huge bite out of what’s left with a 25% “value added”/sales tax; a middle-class Swede would have to earn at least $3 in additional gross income to have the ability to buy $1 more worth of goods/services (which would be labelled as $1.25 because the VAT is by law rolled into the marked price (supposedly to “simplify” people’s ability to figure out what they can afford, but conveniently also mitigating the psychological impact of how much is actually tax).

        2. How is it fleecing people to take their money but spend it on them?

          1. You get less back than was taken.

            1. From the left wing perspective presented how is that a problem? All programs have administrative costs.

              1. “From the left wing perspective presented how is that a problem? All programs have administrative costs.”

                From a lefty ignoramus perspective that makes sense, lefty ignoramus.
                Not taking money people have earned has no vig costs.

      5. Cherry picking data can support an argument only if someone doesn’t come along and expose the lies of omission.

        What “lies of omission” are you exposing? I only see you cherry-picking data from Norway to support your argument.

      6. “…Cherry picking data can support an argument only if someone doesn’t come along and expose the lies of omission.
        Sweden makes up for relatively low corporate tax rates by some of the world’s highest personal income taxes:…”

        Fucking economic ignoramuses can support an argument until someone comes along and calls them on their steaming pile of shit:
        Hint, economic ignoramus: Companies don’t pay taxes; their customers do.
        Make your family proud, lefty shit: Fuck off and die.

    4. Wait Joe understands something? What?

  3. Rich people should establish voter colonies in swing states. They would essentially be very low cost living arrangements for people who are likely to vote for libertarians. Just a few thousand would do the trick in many states. Of course you can’t pay people to vote, but you can pretty easily screen for it. Politicians are already spending billions on elections, so this would just be a drop in the bucket.

    1. Define the “rich” that you obviously envy.

      1. Why? I will speak the truth and you will accuse me of lying. As you will now demonstrate:

    2. I really have little idea about what you’re proposing, but it seems like it falls in line with my thinking: If people like socialist redistribution–or worse, our very arbitrary (i.e. political) way of deciding what special interests get what tax breaks and who gets screwed, based on the whims of the current bullying party–why don’t they just form a socialist collective on their own and leave the rest of us the hell alone? You don’t need everyone else to go along with it, just those who think this is the right way to live.

      (Good luck getting the real lefties with the real money to go along with it… this is why socialism only works as a system backed by force or the threat of it.)

      1. Communism was originally a Christian ideal:

        And all who believed were together and had all things in common. And they were selling their possessions and belongings and distributing the proceeds to all, as any had need. And day by day, attending the temple together and breaking bread in their homes, they received their food with glad and generous hearts, praising God and having favor with all the people. – Acts 2:44

        1. Jesus only wanted 10%. And it wasn’t compulsory.

            1. Fuck off, asshole.

  4. “The president’s proposed tax hike would fall on workers.”

    From a Koch / Reason libertarian perspective, that’s fine. Desirable, even. Because our philosophy is not about improving the financial situation of “workers” or “the 99%” or “the middle class.”

    Instead, our primary objective is to make billionaires (especially our benefactor Charles Koch) even richer. And Biden is already delivering exactly what so many Reason staffers voted for — Mr. Koch is indeed getting richer. (Almost $5,000,000,000 richer already this year, in fact.)

    #InDefenseOfBillionaires

    1. Yay billionaires. Interesting to note that some of the most powerful and wealthy in this country are now lefties–particularly all the leaders of the big 5 tech firms (Facebook, Twitter, Google, Apple, Amazon). Biden is worth at least 9 million, and even Bernie “it’s my money why shouldn’t I keep it” Sanders is worth a few million.

      #InDefenseOfPoliticiansAllOfWhomAreGreedyAndWillDoWhateverItTakesToRetainPowerAndWealth

      1. Socialism isn’t for the socialist. Just the rest of us.

    2. Libertarians don’t have to worry about working to make billionaires wealthier. There’s literally nothing the Koch organization could do that would do more to advance that goal than what the Federal reserve has been doing for the last 20 years.

      Now they’ve got Biden in there pushing for the Fed to print up a fresh new $2Trillion in “M1” funds for “infrastructure” to stack on top of the $2T they just got done printing for the “recovery”. The dangers inherent in the explosion of the U.S. sovereign debt might end up being trivial in comparison to the effect of the explosion in the Fed’s balance sheet.

      The inflation isn’t hitting in ways that can’t be concealed because so many other central banks are racing to devalue their own currencies, but nothing on earth can explode inequality more effectively than inflating the value of every asset class while simultaneously devaluing the cash savings of people trying to get into some level of “ownership”. Second-order effects are why “progressive” policies which create inflation will never actually succeed at reducing the inequality they’re supposed to be trying to correct; the question is whether the leftists in the “education” establishment don’t understand that part themselves, or just don’t want the products of their indoctrination to understand it.

      1. Libertarians do not have to do anything.

      2. Biden’s “infrastructure” goals have almost nothing to do with federal infrastructure. He will be giving money to his favorite states to improve their state infrastructure. I escaped Chicago over 30 years ago but I will now be paying for their improvements.

      3. “Now they’ve got Biden in there pushing for the Fed to print up a fresh new $2Trillion in “M1” funds for “infrastructure” to stack on top of the $2T they just got done printing for the “recovery”. The dangers inherent in the explosion of the U.S. sovereign debt might end up being trivial in comparison to the effect of the explosion in the Fed’s balance sheet.”

        Because it’s a fun graph to cite, and to show just how screwed we are: https://fred.stlouisfed.org/series/WM1NS

        We’re not paying that back. We can’t ever pay that back. A reason we’re not seeing inflation is that a lot of those dollars are leaving this regional economy and zipping overseas (or staying uncirculated in banks to meet their reserve requirements).

        Should those dollars flood back…maybe because some other currency becomes the de facto reserve, maybe because dollars have become less valuable to our import creditors, who knows: we’ll have a really bad time. We seem to be emulating Venezuela in other areas; why not their economy?

  5. But they also likely help the poor get richer. That is not a particularly controversial point.

    lol

    with the bulk of that falling on “low-skilled, young, and female employees”

    LOL

  6. Just one more article here that serves as proof that Reason’s writers really know nothing about politics and public policy. Have they not paid attention to what the Democrats have been saying and doing for decades now? Laughable really.

  7. ’22 midterms are going to be epic.

    1. Yeah, but not for the reason you and I are hoping.

      1. Goddamnit! The Globetrotters won again! How do they keep doing it?!

    2. I think the republicans are going to wipe them out…the only people who think Biden is worth a shit, even with 47 years of proof that he isn’t, are “any blue will do” troglodytes.

      1. Ahem. 120 years.

      2. Democrats will use the 2020 playbook and cheat their way to victory.

  8. Joe Biden doesn’t understand why his underpants are wet and smell like ammonia!

    1. Like my cat’s box; got it.

  9. jeebus are you in a competition with Boehm?

  10. I woke up this morning to CBS radio news telling me that Joe Biden is highly popular.
    No reason to doubt them. Why would they lie?

    1. Gushing reports about SleepyJoe’s increased popularity every day. Seems legit.

    2. It must be true since everyone is saying it and we know repeating things over and over makes them true

  11. Why won’t our puppet Biden do our libertarian bidding?

    Win an electoral vote (just one) to find out more…

  12. I don’t think there’s any evidence showing Biden and other Dems don’t understand this. They choose to do it anyway because their voters are easily manipulated.

  13. About half of Republicans think corporations should pay more tax. They’re wrong, but the point is, this is not a strictly Dem phenomenon.

  14. Just imagine if any pol whose supporters want to “emulate Scandinavia” actually presented a platform based on what those countries are doing now.

    Little or no inheritance/estate tax
    Low corporate tax rates
    Relatively unobtrusive regulation
    School choice systems where funding follows the students instead of the addresses (aka “vouchers”)
    Top income tax brackets that hit the middle class hard.
    High regressive tax rates such as payroll/sales taxes.

    If it happened indoors, the crowd would leave so fast there’d likely be a body count, and the loss of air pressure might even cave in the roof.

    1. Yep. There are two ends of the socialism spectrum. One is responsible and seeks to both maximize production and spread it more widely. As you note American socialists reject every element of this. The other end of the spectrum is scapegoating and retribution. These are the elements Dems and left of Dems embrace, which is why we will follow Venezuela more closely than Denmark.

  15. Because it is not Joe’s intent to make America great, it is Joe’s intent to make America subservient. Do you speak Mandarin Chinese?

  16. Why would you expect a politician to understand economics? Why would you expect a bureaucrat to understand economics? It’s got nothing to do with them, they have entirely different incentives and goals than anybody acting in the private sector. Would you expect the average Tibetan monk to be familiar with the infield fly rule?

  17. At this point, given corporations seem to be in a race to see who can be of more assistance to government overreach against basic liberties and in the outsourcing of censorship, I think they are arguably undertaxed.

  18. “…the U.S. tax code was specifically reformed over the years to incentivize investment, innovation, and growth, all things that directly impact workers’ well-being. The social democrats of Scandinavia understand how that works. Why doesn’t Biden?”

    Biden does understand it. He is opposed to investment, innovation and growth. You really can’t understand the Democrats until you understand that they envision a poorer society. They are actually quite effective in achieving it. Illinois and Michigan spring to mind. When they talk about society must reduce consumption, well, that requires making society poorer.

  19. The democratic tax policy it not intended to raise revenue, it is designed to control the corporations such that they control the populace.

  20. “Scandinavia Understands the Value of Low Corporate Taxes. Why Doesn’t Joe Biden?”

    A random box of rocks understands thousands of things that droolin’ Joe doesn’t.

  21. In reading the article and the comments there is a bottom line that people want the government to do things and that has to be paid for in some way. President Biden proposes to tax corporation more than some Scandinavia countries. The Scandinavia counties use higher personal income taxes and sales tax.

    We need to stop the practice of simply borrowing money. Part of that may be cutting spending, but we are well beyond the point where that alone will work. So taxes are going to have to go up. The question is where? For now corporation are in the cross hairs.

    It might be better for Reason to stop bitching about tax hikes and think of a better tax proposal. One that increases revenue and has a minimal effect on the economy.

    1. The government does not deserve more revenue.

    2. “In reading the article and the comments there is a bottom line that people want the government to do things and that has to be paid for in some way. President Biden proposes to tax corporation more than some Scandinavia countries…”

      In reading your comments, you’re dumber than a random box of rocks. ‘Corporations’ do not pay that tax, asshole, their customers do. The become an additional frictional cost to collect that tax.
      I realize this is difficult for you; let’s start with what 2 + 2 equals and go from there. Take your time; I know you need a LOT of it.
      Damn, you’re stupid.

    3. Say it with me – the government even after the tax cuts takes in record revenue. It’s not the feed that is the problem, it’s the waste.

  22. You want a quick diagnostic test to see if someone’s a genuine socialist by international standards?

    See if they advocate a higher corporate tax rate than the rates in any of Austria, Belgium, Canada, Czechia, Denmark, Finland, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, North Macedonia, Norway, Poland, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom.

  23. This argument was disingenuous when it was made by drooling think-tankers seeking a Republican consensus for years; it was disingenuous when it was made in the course of jamming through a massive tax cut in 2017, in a display of open, embarrassingly villainous malfeasance by the Republicans (who had correctly anticipated losing their opportunity to push it through after the 2018 midterms); and it remains disingenuous now, as the fraud of the 2017 tax cuts becomes increasingly clear (since it neither boosted the economy, generated much additional tax revenue, or paid for itself, prior to leaving us in the hole caused by the Trump pandemic-recession).

    Compare tax systems, not specific taxes. If you want Scandinavian corporate tax rates, then call for a comparable level of VAT and income taxes. If you also do not want comparable levels of VAT and income taxes, then be clear that your argument is not actually about corporate taxes, at all – you favor lower taxes, period.

    Which is fine! You can drown all the babies in bathtubs that you want. And people will see what happens when you do that, and promptly vote you out of power. Just don’t give us this bullshit, specious argument that corporate taxes should match what other countries are doing.

    1. SimonP
      April.1.2021 at 11:09 pm
      “This argument was disingenuous when it was made by drooling think-tankers seeking a Republican consensus for years; it was disingenuous when it was made in the course of jamming through a massive tax cut in 2017, in a display of open, embarrassingly villainous malfeasance by the Republicans (who had correctly anticipated losing their opportunity to push it through after the 2018 midterms); and it remains disingenuous now, as the fraud of the 2017 tax cuts becomes increasingly clear (since it neither boosted the economy, generated much additional tax revenue, or paid for itself, prior to leaving us in the hole caused by the Trump pandemic-recession)…”

      Your assholish attempt to justify higher tax rates is as assholish now as it was the last time you posted.
      Make your family proud, steaming pile of lefty shit; fuck off and die.

      1. Kindly choke on a gonorrheaic cock, moron.

        1. Nobody cares about your erotic fantasies, steaming pile of lefty shit. Fuck off and die.

    2. “Business and wealth creation does not require corporations. A libertarian will notice the corporate world –including all the trading rules, regulations, banking, liablitilty, insurance, etc.–It is all done within a structure created and guaranteed by government…”

      Sort of the way contractual arrangements are done within a structure created and guaranteed by the government? Sort of like what a 6th grade imbecile sort of misses? Sort of like the simplistic thinking of a 6th grade imbecile like you?
      No, they’re not “required”; we could all go back to knitting sweaters in cottages and chopping down trees for heat to satisfy idiots like you.
      —————————————-
      “…Furthermore, with only anecdotes both personal and historical, I would argue corporations are failing to innovate, and are becoming models for ineffective use of capital, especially since they are no longer being allowed to fail….”

      Furthermore, you are simply full of shit. Cherry-picking anecdotes does not save you from being seen as the idiot you are, even if you bothered to post them.
      ————————————————-
      “Entrepreneurship and innovation often require the kind of drive that comes from exceptional individuals, but corporations make me “feel like a number” as they say, and corporations are using their position to put a wet blanket on the engines that have lifted mankind to the stellar heights we live at today.”

      Given your emotion-driven, evidence-free claims, it’s obvious that you ARE full or shit.
      ——————————————-
      “I say tax the crap out of them, let’s make them balance the ledger of excessive government spending. Capital and revenue will flow then to non-corporate business models. I just wouldn’t bother me that much. A little tort reform and some clever thinking tax code changes and America could get out of the Chinese finger trap we’ve been sold.”

      More lefty bullshit, bullshitter.
      —————————————
      “The corporates are the ENEMIES of liberty. We exist in a world economy, so I understand there are counter arguments and consequences, but it is time to make common cause with the far left on this issue and tax these fucks out of existence.”

      Time to call lefty bullshitters as on their lefty bullshit.
      Fuck off and die.

      1. Wrong reply tab; see below, but the lefty shit Greg Holms deserves it at least twice.

    3. Very good comment that hits on the problem with Reason’s approach to taxes. Reason attacks every tax individually. This provides easy arguments but doesn’t address how government services will be paid. Reason’s authors also attack the debt but with out the needed revenue debt is the only alternative to pay for services.

      1. “…Reason’s authors also attack the debt but with out the needed revenue debt is the only alternative to pay for services.”

        Natch, as a low watt bulb, you ignore cutting what the government does.
        S/S and medicare need to be abolished, along with O-care, the EPA and many other ‘services’ which the government does poorly and expensively.
        Cut taxes everywhere and always, and ignore imbeciles like SimonP, M4e, and Greg Holms.

    4. Yeah fraud…oh wait, wages increased by the most in 20 years. Jobs were created.

  24. Business and wealth creation does not require corporations. A libertarian will notice the corporate world –including all the trading rules, regulations, banking, liablitilty, insurance, etc.–It is all done within a structure created and guaranteed by government.

    It is becoming more and more apparent the largest corporations are enemies of liberty politically. Furthermore, with only anecdotes both personal and historical, I would argue corporations are failing to innovate, and are becoming models for ineffective use of capital, especially since they are no longer being allowed to fail.

    Entrepreneurship and innovation often require the kind of drive that comes from exceptional individuals, but corporations make me “feel like a number” as they say, and corporations are using their position to put a wet blanket on the engines that have lifted mankind to the stellar heights we live at today. By their nature they are economically tentative and water down all that is bold or strange.

    I say tax the crap out of them, let’s make them balance the ledger of excessive government spending. Capital and revenue will flow then to non-corporate business models. I just wouldn’t bother me that much. A little tort reform and some clever thinking tax code changes and America could get out of the Chinese finger trap we’ve been sold.

    The corporates are the ENEMIES of liberty. We exist in a world economy, so I understand there are counter arguments and consequences, but it is time to make common cause with the far left on this issue and tax these fucks out of existence.

    1. Ooops. Meant for the lefty shit Greg Holms:

      “Business and wealth creation does not require corporations. A libertarian will notice the corporate world –including all the trading rules, regulations, banking, liablitilty, insurance, etc.–It is all done within a structure created and guaranteed by government…”

      Sort of the way contractual arrangements are done within a structure created and guaranteed by the government? Sort of like what a 6th grade imbecile sort of misses? Sort of like the simplistic thinking of a 6th grade imbecile like you?
      No, they’re not “required”; we could all go back to knitting sweaters in cottages and chopping down trees for heat to satisfy idiots like you.
      —————————————-
      “…Furthermore, with only anecdotes both personal and historical, I would argue corporations are failing to innovate, and are becoming models for ineffective use of capital, especially since they are no longer being allowed to fail….”

      Furthermore, you are simply full of shit. Cherry-picking anecdotes does not save you from being seen as the idiot you are, even if you bothered to post them.
      ————————————————-
      “Entrepreneurship and innovation often require the kind of drive that comes from exceptional individuals, but corporations make me “feel like a number” as they say, and corporations are using their position to put a wet blanket on the engines that have lifted mankind to the stellar heights we live at today.”

      Given your emotion-driven, evidence-free claims, it’s obvious that you ARE full or shit.
      ——————————————-
      “I say tax the crap out of them, let’s make them balance the ledger of excessive government spending. Capital and revenue will flow then to non-corporate business models. I just wouldn’t bother me that much. A little tort reform and some clever thinking tax code changes and America could get out of the Chinese finger trap we’ve been sold.”

      More lefty bullshit, bullshitter.
      —————————————
      “The corporates are the ENEMIES of liberty. We exist in a world economy, so I understand there are counter arguments and consequences, but it is time to make common cause with the far left on this issue and tax these fucks out of existence.”

      Time to call lefty bullshitters as on their lefty bullshit.
      Fuck off and die.

      1. The corporate model is failing in front of you. Crappy products that ignore what the customer needs, using capital from retirement funds including government to fund political activities that are OVERWHELMINGLY anti liberty, a stock market that might be best located in Las Vegas, human resources that rush to the nearest shithole country to bribe governments for whatever they need. A corporation is a money making structure, it wants nothing to do with innovation, creation, or the American success story.

        No one should be anti-business or anti capital accumulation and I am not, but the current corporate structure needs to be melted down with a ray gun, giant new corporate taxes would work for me.

        The corporate structure as it currently functions is working to end liberty, BURN IT DOWN.

        1. Strange that your bullshit whining is not backed by any evidence, nor any suggestion of a workable solution.
          Time to call lefty bullshitters as on their lefty bullshit.
          Fuck off and die.

          1. You are in the business of labeling instead of thinking. The simplest evidence consists of the irreputable widespread embrace of political advocacy and COVID lockdown promotion from a widespread sector of common corporations. Bank of America is targeting gun owners and rat snitching capitol protestors, companies give millions to social justice causes and work to restrict free speech, have you been asleep for the last 20 years? Strike one, two, and three on them. Identify your enemy correctly, and take steps to take them down, right?
            Why is taxing the crap out of corporations an unworkable solution? It is precisely workable, because large swaths of lefties already advocate for it. Things are unravelling my friend, you just witnessed an election stolen and the Justice Dept is unabashedly globablist at this point, monetary policy is coming off the rails, and you’re worried about what….preserving the stock market roulette wheel? Use your head man. Take a stand against those who would be your masters or you are no better than, I don’t know, maybe Cher or Susan Sarandon? The solution is, when the smoke clears going forward, America should have a decidedly anti corporate attitude.

  25. In the early days of our country Benjamin Franklin support the idea of business taxes over taxing the population at large. His reasoning in this was that the business understand the value of the government services and would support them. Franklin understood that businesses would see taxes as a cost of doing business and would in turn pass that cost to the customer.

    Today corporation will understand the value of infrastructure. They use the roads, rail, airway, and waterways to transport product. They need reliable power grids and high speed internet. They should take on the cost of infrastructure as a cost of business and in turn pass that cost to the consumer who may not see the picture at the large scale of the corporation.

    1. Yes, and let their foreign competition eat their lunch.
      Do you post here to prove senility makes you as stupid as a 12 year old?

  26. Because Joe Biden is an incompetent political hack who is the figurehead of a political party which holds out corporations to be one of their favorite bogeymen who must be punished by taxation.

  27. We’ll be fine. They are teaching new math in schools because old math was racist. Now, you shouldn’t focus on getting the right answer just want feels right. 1+1=apple and there won’t be any side effects.

    Taxes are paid by people. The company passes them on or reduces their product costs.

  28. Billy, were you planning on addressing the ten ton elephant in the room here, which is that their personal income taxes are much, much higher than in the US – which is how they can get away with those low corporate tax rates? Bringing up Scandinavia’s corporate tax rate and then not even mentioning the bigger picture of their taxation isn’t even telling half a story, let alone an entire one.

    If you wanted to trade corporate tax for a much higher progressive tax rate – especially above $100k/yr – I suspect most liberals would take that in a heartbeat.

Please to post comments

Comments are closed.