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Well yes, I'd probably advocate that. It's hard to see how in a globalized world how you would practically go about obtaining similar tax revenues from the individuals connected to the corporate.
I was just pointing out that the point Airhead made wasn't about trickle down. It was changing where you tax in the chain.
I don't really have an ideological motivation to how you structure a tax policy. For eg it wouldn't concern me if you had a flat tax starting from £25k, if it netted a greater gain for the revenue and delivered higher living standards.
hugo7-
For eg it wouldn't concern me if you had a flat tax starting from £25k, if it netted a greater gain for the revenue and delivered higher living standards.
I was originally going to post something sarcy along the lines of when pigs fly. But then I tried to imagine how this could happen. And it would be possible with a radical re-equalisation of salaries.
Which I guess is the same thing as pigs flying.
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It's hard to see how in a globalized world how you would practically go about obtaining similar tax revenues from the individuals connected to the corporate.
I agree. Although I don't accept that increasing tax on high earners would make them all leave the country, those that can already have - see non-doms.
The original post by Airhead was:
The economic theories that suggest taxing companies is pointless. You could instead focus on taxing the individuals who profit from the company which might result in the employees getting paid more
Reducing tax on companies so individuals can get paid more is the same flawed argument as that for 'wealth creators', one of the foundations of trickle down economics.
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if it netted a greater gain for the revenue
Tax receipts, as a proportion of GDP, have remained pretty static since the war.
And before anyone says "Laffer Curve" - he's the dickhole that brought us trickle down economics
Sumo
NotThamesWater
How about we tax individuals and corporations