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Wednesday, April 20, 2005

 
My Corporate Tax Rant to Libertarians

I just posted the following in the comments section to this post at MaxSpeak, in response to an earlier post by Jane Galt suggesting the elimination of the corporate tax:

God**** it, Jane, why do corporations exist?!?

Please, please, please, get this through your libertarian head: Corporations DO NOT exist in nature. They are created by the GOVERNMENT. They are given rights and powers in the ecconomy far beyond what individuals or partnerships are capable of - including, but a lot more than, limited liability.

These extra rights granted by the government to these government-created legal fictions have vast amounts of ecconomic value. This is obviously true, or no one would bother to create them, and they would not have come to dominate the ecconomy.Thus, the EXISTENCE of corporations is a MASSIVE GOVERNMENT HANDOUT. Why the f**k should we allow this?

There are only two legitimate libertarian reactions:
1. We should not allow this, and all corporate codes and corporate charters should be repealed.
2. Corporations should exist only to as a means of maximizing their net positive externalities, which include being a voluntary way of raising revenue for the government - remember, no one put a gun to anyone's head and forced them to form or invest in these government handouts. Therefor, they should only exist if we tax them at whatever rate will compensate for their negative externalities and generate a maximum amount of revenue for the government.

As far as why we should tax the revenue in the corporation instead of when received by the investor:
1. Morality: The corporate tax is a voluntary fee for taking advantage of a government creation, while taxes on individuals are theft from natural people.
2. Practical: Any time the corporate tax is lower than the individual investment taxes, the corporation is a tax avoidance scheme by its very existence, since it allows for tax-deffered reinvestement.
/rant

Update: I reworded the second legitimate libertarian reaction in response to futher comments to Max's post.



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If anyone else has any good ideas for driving more traffic to blogs/websites then please share with your online business blog buddies. Ta ;-)










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Hi matey

I'm sure it was this blog I was reading a while back where someone was looking for an SEO tool for driving more traffic and get more hits for their website.

Anyway, I was speaking to a techi guy at work who gets to know all the latest stuff and he uses the free Link Referral Program at http://marketingexperts.wordpress.com.

His website on home base business idea amongst other stuff has seen traffic explode since he started using the Link Referral Program - consequently his affiliate sales commissions and business sales went through the roof PLUS his website increased in google ranking which was an added bonus!!

If anyone else has any good ideas for driving more traffic to blogs/websites then please share with your online business blog buddies. Ta ;-)


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