blackwater wrote:

Listen, friend, we both understand that money flows through the economy and is taxed many times along the way.

You keep saying that it's "abstract" or "artificial" for a business to worry about how many times its profit stream is taxed. But this is clearly important to the business.

Let's rewind. This whole discussion came up because you claimed that reducing or eliminating corporate tax would be a huge boondoggle for the wealthy that would impoverish the rest of us.

C++ Guevara wrote:


But hell, you want to eliminate corporate taxes and instead jack up capital gains and dividend tax so that it's on par with all income tax? Since that's income for a rich person? I'm all for it. Hell, I'll throw in a loophole that allows an investor to, instead of claiming that dividend as income, immediately re-invest it, without a large (or any?) tax penalty. If you keep your money working in the economy, fine, but once you convert it to yacht money, it's taxed heavy.

In that case, I just create a trust fund for myself, and re-invest in it. And bingo, I pay no taxes.

C++ Guevara wrote:

blackwater wrote:

I'm not a libertarian. But my understanding is that libertarians do believe in taxes, just lower ones than currently exist.

The fabled moderate libertarian! I hear they're great guys.

I don't understand what you're talking about? Are you implying that I'm a libertarian? I already explained that I was not.

Or are you saying that believing in taxes is a "moderate libertarian" position? That is definitely incorrect. Libertarians believe that the government should do stuff, like enforce contracts. And it needs money to do that stuff. I think the political faction you are looking for, that doesn't believe in taxes, is the Anarchists. (But not the ancaps, that's a different one.)