Scrap corporate taxes. They’re equally as regressive as sales taxes. We - you and I - pay them. In addition they make U.S. corporations less competitive. Some of these large corporations, as we know, move out of the country with consequent loss of U.S. jobs. It would make more sense for the government to subsidize them rather than tax them.

Instead of corporate taxes we need truly progressive income taxes and a wealth tax. A wealth tax placed on everything of value that a person owns – bank accounts, stock and bonds, real property, boats, airplanes, jewelry, you name it. The wealth tax would operate very much like the property taxes that home owners, big and small, pay now. The less a person owns the less tax. The poor would pay little or none while the very rich would pay proportionately more.

Why do governments rely so heavily on regressive taxes anyway? The answer is that these unfair, unjust bites aren’t so obvious consequently fewer people get riled up. No politician wants to anger the constituents. It’s much easier and a whole lot safer to sucker them – you and me - instead.

Comments

hhhuuufff's picture
hhhuuufff 4 years 50 weeks ago
#1

The Oligarchs will NEVER allow a fair tax. Taxpayers are their food source, and the won't stop feeding until there is nothing left..

Sanford Russell's picture
Sanford Russell 4 years 50 weeks ago
#2

Thanks again, hhhuuufff for taking the time to read my comments. An enlightened, united public could force the Oligarchs to accept fair taxation, but I'm dreaming.

Add comment

Login or register to post comments

Latest Headlines

Five things you need to know about this week's market crash

Giant market declines like the one we had on Monday are simply a fact of market life, but it was a bit unusual, compared with others

Thousands of Syrian refugees continue to reach Europe

According to reports of several Syrian refugees, the price for the boat is around 1,200 U.S. dollars per person. The captain of the boat is one of the passengers that receives training for five minutes

US sanctions czar due in Israel for Iran deal talks

President Barack Obama was set to speak directly to the North American Jewish community about the Iran nuclear deal via a live webcast to shore up support for the agreement

Community Archive

"Unequal Protection: How Corporations Became People."

Thom Hartmann Here with an excerpt from my book “Unequal Protection: How corporations became “people” - and how you can fight back.”
-----