Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ...
by rtpg on Monday March 13, 2017 @01:03AM
(#13855353)
I think the implication is that countries that espouse their "free market"-ness end up with a lot of regulatory capture. This, telecoms, healthcare.
A bunch of people with a lot of money have been able to lock in their positions. It sure feels like pulling out of the church of laissez-faire economics would let us, say, pass laws with things like price controls (or just nationalizing the whole industry!).
An aside: complicated taxes aren't the opposite of "free market". For example, giving tax incentives to new companies can help make a market more free by reducing the cost of entry.
A bunch of people with a lot of money have been able to lock in their positions. It sure feels like pulling out of the church of laissez-faire economics would let us, say, pass laws with things like price controls (or just nationalizing the whole industry!).
An aside: complicated taxes aren't the opposite of "free market". For example, giving tax incentives to new companies can help make a market more free by reducing the cost of entry.