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From: dlo@drutx.UUCP (OlsonDL)
Newsgroups: net.flame
Subject: Re: Tax reform (another screwing, without vaseline)
Message-ID: <3033@drutx.UUCP>
Date: Thu, 13-Jun-85 18:47:48 EDT
Article-I.D.: drutx.3033
Posted: Thu Jun 13 18:47:48 1985
Date-Received: Sat, 15-Jun-85 05:41:31 EDT
Organization: AT&T Information Systems Laboratories, Denver
Lines: 29

>    While you are at it one could increase the tax rates on corportaions.
>They pay too little as it is. They pollute the air, water, and ground. 
>They exploit labor. And they get a tax break too ? Of course they could
>leave the U.S in protest but that could be stopped by passing laws that
>makes it an act of treason if a corporation locates off shore to avoid
>paying their fair share of taxes. Corportaions should be taxed at around
>50% considering that our whole economic system is geared to there well
>being and fiscal health.

	"There is no free lunch".
	If you believe that a corporate tax is a tax that you do not
pay, you are, as the song goes, "chasing rainbows".
	Reguardless of the legislation enacted, you cannot get blood
from a turnip, and you cannot get taxes from a mirage.  The corporate
tax is real; the notion that there is a corporate entity apart from
people is an illusion.
	Corporations involve people; people build them, operate them,
supply them, invest in them, work in them, and purchase their products
and services.
	Raising corporate taxes makes Congress and the President look
good, because it *appears* that they shifted the tax burden away from
people.  It makes the corporations look bad because the taxes must be
paid through higher prices, lower wages, higher unemployment, and lower
return on investment.
	Only people pay taxes, and that includes corporate taxes.

David Olson

"To laugh at men of sense is the privilege of fools". -- Jean de la Bruyere