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Unique idea to reform business taxation

Moderate Right said:
I have said from the beginning that this thread idea is based on liberal fantasy and not reality because it would be illegal and could never be legal, not even if Democrats regained power.
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Actually, Anything can be made legal if enough of the country allows it. There are only laws because we say there are laws, and we can say that those laws are whatever we want. If you meant that not enough people could ever be enticed to go along with the idea to legalize it, then that's something different from the statement that it "could never be legal".


The thread was derailed right from the OP due to lack of reality.
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It's called a "thought experiment" for a reason.

But, this is America and people are allowed to dream and have fantasies. I have a fantasy about Miss Universe so my fantasy is way better than yours. Before that I had a fantasy that Trump would win and have a Republican House, Senate, and Supreme Court and would have the most power of any party since 1928. Oh wait, that's not a fantasy any more!
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No, it's the nightmare that has become reality and made us the laughingstock of the world.
 
Moderate Right said:
No matter how much you want to deny it, people have philosophies, whether they actually want to call themselves Democrat or Republican or not. That's the trouble with you handful of guys here. You have liberal values and philosophies, particularly about economics, but you want to claim that you are non-partisan. I'm sure you believe that in your heads but it doesn't change the fact that Kush's OP idea is purely liberal and Republicans wouldn't be able to stop laughing at the idea of the government being part owner of large corporations. Therefore, his idea is nothing but a fantasy.
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Thinking purely from a standpoint of efficiency, the idea makes basic sense to me. Put the gov't on the list of entities receiving profit sharing from corporations (as opposed to taxing profits) and they can immediately cut the costs of tax compliance, because they already have a separate structure for paying dividends to shareholders. On top of that, corps are always looking to maximize profits and minimize taxes, so this could reduce or eliminate the push/pull involved with those two objectives, while simultaneously making it easier for corps to be tax-compliant.
 
Critter7r said:
Thinking purely from a standpoint of efficiency, the idea makes basic sense to me. Put the gov't on the list of entities receiving profit sharing from corporations (as opposed to taxing profits) and they can immediately cut the costs of tax compliance, because they already have a separate structure for paying dividends to shareholders. On top of that, corps are always looking to maximize profits and minimize taxes, so this could reduce or eliminate the push/pull involved with those two objectives, while simultaneously making it easier for corps to be tax-compliant.
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Having said all that, we would have to put some thought into how sole proprietor businesses that don't trade their stock on the NYSE or pay dividends to shareholders would be handled.

I suspect that those smaller businesses would do things very similarly to the way they do them now, paying a "dividend" instead of a "tax".
 
Critter7r said:
Actually, Anything can be made legal if enough of the country allows it. There are only laws because we say there are laws, and we can say that those laws are whatever we want. If you meant that not enough people could ever be enticed to go along with the idea to legalize it, then that's something different from the statement that it "could never be legal".




It's called a "thought experiment" for a reason.



No, it's the nightmare that has become reality and made us the laughingstock of the world.
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Let's not forget, it was the American voters who gave Republicans the largest party control since 1928. It wasn't even just about this presidential election. It has been happening for six years now. Americans have spoken.
 
Critter7r said:
Thinking purely from a standpoint of efficiency, the idea makes basic sense to me. Put the gov't on the list of entities receiving profit sharing from corporations (as opposed to taxing profits) and they can immediately cut the costs of tax compliance, because they already have a separate structure for paying dividends to shareholders. On top of that, corps are always looking to maximize profits and minimize taxes, so this could reduce or eliminate the push/pull involved with those two objectives, while simultaneously making it easier for corps to be tax-compliant.
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Like I said, this is just a liberal fantasy. It wouldn't even happen if Democrats were in control.
 
Critter7r said:
And again, it's not called a 'thought experiment' for nothing.
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Not much of an experiment. All of the liberals would say great idea. All of the conservatives would laugh.
 
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